Rollover is the daily carrying forward of an open position to the next value date, and the swap adjustment is applied at that moment. It happens automatically at a fixed server time, commonly around 5pm New York, which is why an overnight trade changes cost without you doing anything. Positions held over the weekend are typically charged for three days of swap in a single rollover.
Forex glossary
Rollover
Related term
Swap
Swap is the interest adjustment applied to a position held overnight, reflecting the rate difference between the two currencies in the pair. Long positions can…
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