I would like to understand the calculation of the swap.
For example i take a buy trade on GBPAUD (05 october) at 1.6715 for 0.1 lot.
The broker is activtrades and the account is Euro .
The swap on this pair is -1.14 pips (for long) and 0.89 pips (for short).
What is the swap for today (06 october)? (could you please confirm my result)
The formula to calculate the swap is :
Swap = (Pip value * swap rate * number of night) / 10
Pip value for GBPAUD (in Euro) : (100 000 * (0.0001 / Bid GBPAUD)) / Bid EURGBP
The result is a value of 6.78 for 1 lot. (0.678 for 0.1 lot).
Swap rate is -1.14 pips (because i take a long trade)
Number of night is 1 (because i conserv my position overnight).
For me the swap is :
(0.678 * -1.14 * 1) / 10 = -0.07 .
Is the result is correct?
Thank a lot for feedback.
For example i take a buy trade on GBPAUD (05 october) at 1.6715 for 0.1 lot.
The broker is activtrades and the account is Euro .
The swap on this pair is -1.14 pips (for long) and 0.89 pips (for short).
What is the swap for today (06 october)? (could you please confirm my result)
The formula to calculate the swap is :
Swap = (Pip value * swap rate * number of night) / 10
Pip value for GBPAUD (in Euro) : (100 000 * (0.0001 / Bid GBPAUD)) / Bid EURGBP
The result is a value of 6.78 for 1 lot. (0.678 for 0.1 lot).
Swap rate is -1.14 pips (because i take a long trade)
Number of night is 1 (because i conserv my position overnight).
For me the swap is :
(0.678 * -1.14 * 1) / 10 = -0.07 .
Is the result is correct?
Thank a lot for feedback.