Holding a currency trade can create an overnight adjustment

Dukascopy introduces overnight swaps as charges or credits associated with holding a currency position past an applicable rollover. The article links the concept to the two interest-rate environments represented by a currency pair. Direction, position size and the provider’s calculation influence the resulting account adjustment.

A holding credit is not a substitute for understanding price risk. The exchange rate can move against a position by more than the accumulated financing received. Likewise, a small nightly charge can become material over a longer holding period.

The guide includes calculation examples to connect a quoted adjustment with an account amount. This digest does not supply a universal rollover time or a live rate because schedules, day-count treatment and provider terms differ. The relevant question is the complete cost of the intended holding period, alongside spreads, commissions and the movement in the underlying currency pair.