Carry Trading Interest Rates

Carry Trading Interest Rates

Yield Averages and Best Trade by Broker

The table below shows the net interest rate yields on the most liquid currency pairs. The “broker average” column shows the average yield and swap spreads across multiple brokers. The “highest yield” column lists the broker with the most attractive current yield/spread combination. The final columns, “daily income”, shows the potential daily income on 1 standard lot carry trade using the best broker rate.

Data as of: May 2017

Carry Trade Broker Average Highest Yield Daily Income
NZDCHFLong1.58%1.60%Alpari3.21%$6.03
AUDCHFLong1.36%1.54%ETORO2.53%$5.20
EURNZDShort1.31%1.19%HOTFOREX2.83%$8.44
NZDJPYLong1.18%1.10%EASYFOREX2.47%$4.64
EURAUDShort1.09%1.15%NORDFX2.26%$6.74
AUDJPYLong1.02%1.26%NORDFX2.62%$5.37
GBPNZDShort1.00%0.93%HOTFOREX2.81%$9.95
GBPAUDShort0.74%0.93%Alpari1.52%$5.39
NZDCADLong0.68%1.07%NORDFX1.95%$3.66
AUDCADLong0.52%0.90%ETORO1.32%$2.70
USDCHFLong0.52%1.04%DUKASCOPY1.69%$4.62
NZDUSDLong0.50%1.19%NORDFX2.13%$4.00
CADCHFLong0.40%0.98%DUKASCOPY1.10%$2.21
EURUSDShort0.36%0.79%DUKASCOPY1.48%$4.40
AUDUSDLong0.32%0.95%NORDFX2.92%$6.00
EURCADShort0.20%0.74%FOREX1.37%$4.10
GBPCHFLong0.17%0.84%ETORO1.22%$4.30
USDJPYLong0.00%0.73%DUKASCOPY0.95%$2.59
EURGBPShort-0.13%0.65%DUKASCOPY0.52%$1.55
CADJPYLong-0.16%0.84%NORDFX0.45%$0.89
CHFJPYShort-0.16%0.86%DUKASCOPY0.52%$1.43
GBPUSDShort-0.24%0.76%DUKASCOPY0.71%$2.50
GBPJPYLong-0.26%0.69%NORDFX0.13%$0.45
EURJPYShort-0.34%0.60%Alpari0.33%$0.98
EURCHFLong-0.34%0.96%AAAFX0.19%$0.58
USDCADLong-0.40%0.70%AAAFX0.72%$1.96
GBPCADShort-0.47%0.66%DUKASCOPY0.21%$0.73
AUDNZDShort-0.50%0.78%ETORO0.39%$0.80
AUDSGDLong-0.52%3.20%EASYFOREX1.48%$3.03
USDHKDLong-0.56%0.92%DUKASCOPY0.58%$1.58
CHFSGDShort-0.60%1.68%DUKASCOPY0.81%$2.22
SGDJPYLong-0.93%1.17%FXOPEN0.05%$0.09
EURSGDShort-0.95%1.63%Alpari0.70%$2.08
NZDSGDLong-0.98%2.25%Alpari1.26%$2.36
USDSGDLong-1.30%1.51%FXOPEN0.22%$0.60
GBPSGDShort-1.47%1.93%Alpari-0.16%-$0.57
EURHKDShort-1.68%2.15%DUKASCOPY0.38%$1.14
Figure 1
Currency Pairs Average Net Interest Yields
Yields ordered by currency pair and trade.

Carry Trades with Highest Return by Broker

Broker Pair Direction Net Yield % 1 Year Interest/Lot
AlpariNZDCHFLong3.21%$2,200.27
NORDFXAUDUSDLong2.92%$2,190.00
HOTFOREXEURNZDShort2.83%$3,080.39
HOTFOREXGBPNZDShort2.81%$3,630.74
NORDFXAUDJPYLong2.62%$1,960.56
ETOROAUDCHFLong2.53%$1,898.00
EASYFOREXNZDJPYLong2.47%$1,691.98
NORDFXEURAUDShort2.26%$2,459.99
NORDFXNZDUSDLong2.13%$1,460.00
NORDFXNZDCADLong1.95%$1,335.19
DUKASCOPYUSDCHFLong1.69%$1,686.30
AlpariGBPAUDShort1.52%$1,968.52
EASYFOREXAUDSGDLong1.48%$1,105.12
DUKASCOPYEURUSDShort1.48%$1,606.00
FOREXEURCADShort1.37%$1,496.50
ETOROAUDCADLong1.32%$985.50
AlpariNZDSGDLong1.26%$862.23
ETOROGBPCHFLong1.22%$1,569.50
DUKASCOPYCADCHFLong1.10%$806.65
DUKASCOPYUSDJPYLong0.95%$945.35

Figure 2
Swap Yield Advantage By Broker
This chart compares the broker's fee percentage above/below the average.

Rollover Types and Fees by Broker

Broker Rollover Spread % Yearly Fee/Lot Yield Advantage
DUKASCOPYOvernight0.33%$325.940.71%
FOREXOvernight0.46%$461.590.58%
AlpariOvernight0.57%$572.680.47%
EXNESSOvernight0.67%$668.610.37%
NORDFXOvernight0.69%$687.810.35%
AAAFXOvernight0.73%$734.390.31%
FXDDOvernight0.85%$845.800.19%
FXOPENOvernight0.87%$871.200.17%
OANDAContinuous0.97%$965.540.07%
ETOROOvernight1.12%$1,121.64-0.08%
THINKFXOvernight1.16%$1,157.77-0.12%
HOTFOREXOvernight1.20%$1,202.42-0.16%
FXPROOvernight1.31%$1,314.44-0.27%
FXTMOvernight1.43%$1,425.23-0.39%
FXCCOvernight1.46%$1,461.35-0.42%
AVATRADEOvernight1.52%$1,517.79-0.48%
EASYFOREXOvernight1.59%$1,588.48-0.55%
INSTAFOREXOvernight1.70%$1,696.41-0.66%

Figure 3
Average swap fees by broker

Disclaimer: All rates are indicative only. Swap rates are variable and can change each day. The swap rates you achieve can vary with account type, leverage and other factors. Always check the contract specification provided by your broker. Swap income can be negated by other fees.

To find and compare carry trades from any broker, use the carry trader indicator.

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