---
title: How are Swaps calculated?
description: "Answer: Calculation of Swap per day for FX, Spot Metals and Spot Indices: (Swap value) x (pip value in US$) x (no. of lots) = US$ Calculation of Swap per day for CFD Shares: (Traded Price of CFD SHARE) x…"
url: "https://ms.wmmarkets.com/knowledge-base/trading/how-are-swaps-calculated/"
updated: "2024-10-09"
category: Trading
---

# How are Swaps calculated?

Answer: Calculation of Swap per day for FX, Spot Metals and Spot Indices:
 (Swap value) x (pip value in US$) x (no. of lots) = US$

Calculation of Swap per day for CFD Shares:
 (Traded Price of CFD SHARE) x (Swap value) x (no. of shares)/360 (days) = US$