The best swap account can be compared to show the average swap report for all periods (May 28, 2018)
What kind of report?
● To identify the account with the highest swap points, we will compile and publish swap points for major currency pairs for each major account.
● The accounts are,Money Partners, GMO Click Securities, FX Prime by GMO, Hirose Trading, SBIFX Trade, Central Tif Securities FX, Traders Securities
● The currency pairs are,Turkish Lira/Yen, South African Rand/Yen, Mexican Peso/Yen, Australian Dollar/Yen, New Zealand Dollar/Yen, US Dollar/Yen
● From autumn 2017 to the present, we have compiled swap points andAverage swap points per 10,000 units per day are published
● Last week average: We compile the swap points from the previous week and publish the average value.
● All-period average: The average swap points from September 11, 2017 to the present (average since the start of handling that currency pair. Example: FX Prime is the average since January 2018).
● Money Partners swap points apply to Partners FX accounts. Partners FX nano is excluded.
● As of January 29, 2018, FX Prime's Mexican Peso/Yen was added.
● From April 1, 2018, Traders Securities was added.
● From April 15, 2018, Traders Securities' Mexican Peso/Yen was added.
● The Turkish Lira/Yen is provided for free. Other currency pairs are sold for a fee.
Why is the average swap important?
● Swap operations are based on holding positions for the ultra long term, soyou need to select accounts and currency pairs that consistently provide good swaps over the long term
● As with a 3x DAY (three days’ swaps including weekend),looking only at days when a lot of swaps come in momentarily does not reveal true performance.
● Swap points are highly fluid due to changes in policy rates and FX company service policies.Viewing swap points as a trend over time, rather than as a point-in-time figure, reveals 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 a fee.