Swap: did you realise holding a position overnight costs money?

Many first statements show small nightly charges and traders don't recognise them. Swap (or rollover) is the interest adjustment for keeping a position open past the daily rollover, and it can be a credit or a charge depending on the pair and direction.

Share:

• when you first noticed swap on your statement
• whether you now check the swap before opening a position
• any pair where swap surprised you in either direction

The mechanics are in spread, commission and swap.