The account with the highest number of swaps can be compared in the All-Period Average Swap Report (June 5, 2018)

What kind of report?

● To identify accounts with the highest swap points, we calculate and publish the swap points for major currency pairs by major accounts

● The accounts are, Money Partners, GMO Click Securities, FX Prime by GMO, Hirose Trading, SBIFX Trade, Central Tsurishi FX, Traders Securities

● The currency pairs are, Turkish Lira/Yen, South African Rand/Yen, Mexican Peso/Yen, Australian Dollar/Yen, New Zealand Dollar/Yen, Dollar/Yen

● From autumn 2017 to present, we aggregate swap points and publish the average swap points per 10,000 units per day

● All-time average: the average swap points from September 11, 2017 to present (average since the currency pair began being offered; e.g., FX Prime uses the average from January 2018).

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

● From January 29, 2018, we added FX Prime's Mexican Peso/Yen

● From April 1, 2018, we added Traders Securities

● From April 15, 2018, we 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 assume holding positions for an ultra-long term, so you need to select accounts and currency pairs that consistently provide good swap in the long run

● Even if you only look at days with a lot of swap on a single day (such as the 3x DAY, where three days' worth of swap is added in one day), it does not show true performance.

● Swap points are highly volatile due to policy rate changes and changes in the FX companies' service policies. By viewing swap points as a trend over time (rather than as discrete points), you can understand the swap trend.

Turkish Lira/Yen Swap Report

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