Calculating US500 Index Swap Rates in AUD
ST101:
Looking at MT4, Market Watch window, I see the US500 has a Swap Long of -7. How is this used to calculate the swap rate in dollars with an account in AUD? What are the calculation Steps? Thanks.
Looking at MT4, Market Watch window, I see the US500 has a Swap Long of -7. How is this used to calculate the swap rate in dollars with an account in AUD? What are the calculation Steps? Thanks.
Swap Amount (AUD) = Swap Value (= -7 USD) * Number of Lots * Exchange Rate (USD/AUD)
Your topic has been moved to the section: MQL4 and MetaTrader 4
Please consider which section is most appropriate — https://www.mql5.com/en/forum/172166/page6#comment_49114893
Please consider which section is most appropriate — https://www.mql5.com/en/forum/172166/page6#comment_49114893
ST101:
Hi, Apologies if this has been asked.
Looking at MT4, Market Watch window, I see the US500 has a Swap Long of -7. How is this used to calculate the swap rate in dollars with an account in AUD? What are the calculation Steps? Thanks.
As this value is set by the broker you have to ask them. I think it depends on the interests rates (and risk and ...) of the forex symbol.
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Hi, Apologies if this has been asked.
Looking at MT4, Market Watch window, I see the US500 has a Swap Long of -7. How is this used to calculate the swap rate in dollars with an account in AUD? What are the calculation Steps? Thanks.