Swaps applied to open positions on Wednesday are multiplied by three (3), in order to compensate for the weekend.
This is due to the fact that Forex spot transactions settle two (2) business days from the date of the actual trade.
Swaps applied to open positions on Wednesday are multiplied by three (3), in order to compensate for the weekend.
This is due to the fact that Forex spot transactions settle two (2) business days from the date of the actual trade.