Rollover formula help cont.

Discussion in 'Forex' started by wxytrader, Nov 25, 2023.

  1. https://www.forex.com/en-us/about-us/financial-transparency/rollover-rates/

    So if the rollover rate is for AUDCAD is -.36 for buying and -.18 for selling what is that based on?
    1 standard lot for 1 day? Is that in pennies or %?
    If its a % then 100,000 * .36%=$360/365=.98 cents per day...why can't they fing elaborate? Honestly I don't think anyone really understands how it works...that's the point.

    Anyway, can somebody post the formula for how they actually reach these numbers?
    I have tried various formulas and variations and cannot get the same results.

    AUDCAD
    Rollover rate = (Base currency interest rate – Quote currency interest rate) / (365 x Exchange Rate).

    (4.35-5) / (365*.89)
    This results in: 0.001983318764 which I assume is a percent.
    So 0.001983318764 * 100,000 = 198/365= .54 cents per day.
     
    Last edited: Nov 25, 2023
  2. BKR88

    BKR88

    Last edited: Nov 25, 2023