A forex swap rate or rollover is defined as the overnight interest added or deducted for holding a position open overnight.
How are swaps formed?
When trading on margin, you receive interest on your long positions, while paying interest on short positions. The net interest difference is known as the carry and traders seeking to profit from this are known as carry traders
Where to check swap rate?
You will able to view the latest swap rates in your MetaTrader 4 trading terminal by following the process outlined below.START TRADING
Right click on any instrument in the ‘Market Watch’ section, then left click on the ‘Specification’ option from the dropdown menu. A new window will open that shows the long and short swap rate for the pair selected.