Overnight interest

Overnight interest is also called foreign exchange drop interest rate or exhibition period. It refers to an overnight interest rate that increases or deducts a position. You can earn or pay interest according to the transaction direction. Overnight/The delayed interest rate is determined by participating in the overnight interest rate difference between the two currencies and whether the position held by holding holds is bought or sold.

Only when the position holds the next foreign exchange trading day, will it be charged or pays interest

The collection and payment of interest occur at the end of each working day, that is, MT5 time 0:00 (Beijing time 5 morning/6 o'clock)

Some currencies need to pay interest whether they are buying or selling

The drop rate is calculated at a point, and the MT5 will automatically convert them into the basic currency of the account

On Wednesday night, the drop is settled by three times as usual

When locking the order, both sides will be charged overnight interest

*Due to the frequent changes in interest on overnight, please refer to the interest published by the contract rules in the trading platform!

Overnight=Annual interest rate poor/360*1 Bidding contract unit*Devoted*Exchange rate price (more/null)*Interest counting days
The US dollar is the direct offer of the settlement currency
Example EUR/USD: Assuming that the customer is 0.1 hand account, buy 5 -handed EUR on Monday/USD, the market price is 1.06638/1.06659, overnight to Tuesday, the interest difference is PRMBUY0.56%Then the customer who bought the euro overnight was:
0.56%/360*0.1*100,000*5*1.06659*1=0.83 USD

Indirect offer of the US dollar as the basic currency
Example USD/JPY: Suppose that the customer is a 1 -handed account, selling 5 -handed USD on Monday/Jpy, the market price is 113.651/113.680, hold the position overnight until Tuesday, PRMBUY-2.16%Then the customer sells the overnight interest on the dollar::
-2.16%/360*100,000*1*1=7.22 USD

Cross disk
example: EUR/GBP： Suppose that the customer is 0.01 hand account, buy 5 -handed EUR on Wednesday/GBP, the market price is 0.85243/0.85275, overnight to Friday, PRMBUY-2.13%Then the overnight interest of the customer who bought the euro is:
-2.13%/360*0.01*100,000*5*0.85275*3=0.151 GBP

Emile days calculation:
Monday: One day interest on interest.Trading on Monday, settlement on Wednesday, on Monday to Tuesday, the settlement date is Wednesday to Thursday, so you need to pay 1 day interest;
Tuesday: One day overnight interest.Trading on Tuesday, settlement on Thursday, on Tuesday to Wednesday, and the settlement date is Thursday to Friday, so you need to pay 1 day interest;
Wednesday: 3 days overnight interest.Trading on Wednesday, settlement on Friday, Wednesday to Thursday, and the settlement date is Friday to next Monday, so you need to pay 3 days of interest; so every Thursday, overnight interest will be three times the usual weekdays.Because it is two days after Saturday and Saturday;
Thursday: One day overnight interest.Trading on Thursday, settlement next Monday, on Thursday to Friday, the settlement date is next Monday to next Tuesday, so pay 1 day interest;
Friday: One day overnight interest.Trading on Friday, settlement next Tuesday, warehousing on Friday to next Tuesday, the settlement date is next Tuesday to next Wednesday, so pay a day of interest.
*According to international banking practice, foreign exchange transactions are settled after two trading days, and overnight interest is settled on the settlement day.