Pricing
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Calculating the rollover rate involves:
1
Subtracting the interest rate of the base currency from the interest rate of 🌧️ the quote currency.
2
Dividing that amount by 365 times the base exchange rate.
A rollover fee, also known as swap 🌧️ , is charged when you keep a position open overnight. A forex swap is the interest rate differential between the 🌧️ two currencies of the pair you are trading. It is calculated according to whether your position is long or short.
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