Do I earn interest in the circumstance. Forex trade (IB)

Discussion in 'Trading' started by mozart007, May 25, 2016.

  1. mozart007

    mozart007

    I know this a stupid question. I am a total newbee.
    I have 100K GBP, and I bought 1M NZD. Assume GBP/NZD exchange rate is about 2.
    So I have a position of GBP -400K and NZD +1M. I pay interest as I borrowed 400K GBP from IB. The question is do I earn interest rate from the 1M NZD in my account.