All Collections
Important Trading Terms
What Is Swap, Triple Swap, and Rollover Period?
What Is Swap, Triple Swap, and Rollover Period?
William avatar
Written by William
Updated over a week ago

Swap, also known as "rollover" or "overnight interest," is the interest rate differential between two currencies in a currency pair. When you hold a position overnight in the Forex market, you either pay or receive a swap depending on the direction of your trade and the interest rate differential between the two currencies.

Triple Swap: Triple swap refers to the additional interest rate charged or earned when holding a position over the weekend. It takes into account the interest rate differentials for the weekend, which may differ from weekday rates. Triple swaps are typically applied on Wednesday to account for the weekend.

Rollover Period: The rollover period is the time at which trades are rolled over from one trading day to the next. In the Forex market. During the rollover period, swaps are calculated and applied to open positions held overnight

In our trading environment this is simulated however is representative of live market conditions

Did this answer your question?