Examples of Swap calculation method for the Netswap database.

• For Swaps expressed in Points.
  Let’s say that the Long EURUSD Swap rate of a given broker is 1.2 points and the EURUSD exchange rate is 1.125.
  The Swap value displayed is: (100,000 / 1.125) * 0.00001 * 1.2 = 1.06$

• For Swaps expressed in Base or in Margin currency.
  Let’s say that the Long EURUSD Swap rate of a given broker is 3€ and the EURUSD exchange rate is 1.47.
  The Swap value displayed is: (1 / 1.47) * 3 = 1.06€ * 1.47 = 3$

• For Swaps expressed in Percentage.
  Let’s say that the Long EURUSD Swap rate of a given broker is 3.6% and the EURUSD exchange rate is 1.14.
  The Swap value displayed is: [(100,000 / 1.14) * (3.6 / 100)] / 360 = 8.77€ * 1.14 = 10$

PS: The exchange rate used for calculation is the one of 10 PM UK time.