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View Full Version : Why is swap tripled on Wednesday and not Friday ?



lykaymsdkh
15:54,
Wouldn't it make more sense to triple the swap on Friday when its obvious that if you hold the position to Friday close you have to carry it over the weekend. Just seems to me like a way for them to gouge us since most people don't carry positions over the weekend and this way they can make the money off us anyway. I realize swap is minimal but for them multiply it x number of times and its quite the money maker I'm sure, especially since the net swap is to our disadvantage. Or am I missing something. This just struck me as odd and wondered if anyone had any details why this is done this way. thx, just thought I'd vent a little today
https://www.forex-russian.com/attachments/1594400844.png

oxricanikdkk.07
07:47,
The reason you get 3x the interest on wednesday is that the spot forex market is a 3 day settlement so you pick up the weekend interest.