Swap points should not be viewed by average price alone—it’s dangerous! A report on choosing a swap account for high-interest currency pairs (May 20, 2018)

What kind of report?

● For those who are about to start swap point management, we have compiled and published swap points for major accounts and major currency pairs.

● Accounts are,Money Partners, GMO Click Securities, FX Prime by GMO, Hirose Trading, SBI FX Trade, Central Tsu Stock FX, Traders Securities

● Currency pairs are,Turkish Lira / Yen, Rand / Yen, Mexican Peso / Yen, Australian Dollar / Yen, New Zealand Dollar / Yen, US Dollar / Yen

● From Autumn 2017 to present, we have aggregated swap points andpublish the average swap points per 10,000 units per day.

● Last week average: swap points from the previous week are aggregated and the average is posted.

● All-period average: the average swap points from September 11, 2017 to the present (the average since you started handling that currency pair; e.g., FX Prime starts from January 2018)

● Money Partners swap points are for Partners FX accounts. Partners FX nano is not included.

● As of January 29, 2018, added FX Prime Mexican Peso / Yen

● As of April 1, 2018, added Traders Securities

● As of April 15, 2018, added Traders Securities Mexican Peso / Yen

● Turkish Lira / Yen is freely published. Other currency pairs are sold for a fee.

Why is the average swap important?

● Swap operations require holding positions for the ultra long term,so you need to choose accounts and currency pairs that consistently provide good swaps over the long term

● Even on days with large instantaneous swaps, like 3-Day Day (three days’ worth of swaps including weekend days),you cannot judge real performance by those single days alone.

● Swap points are highly fluid due to policy rate changes and changes in FX company service policies.Viewing swap points as a trend over time rather than as a single point allows you to understand the swap trend.

Turkish Lira / Yen Swap Report

South African Rand / Yen, Mexican Peso / Yen, Australian Dollar / Yen, New Zealand Dollar / Yen, and US Dollar / Yen swap reports are available for viewing for a fee.