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:February 2017

Carry Trade Broker Average Highest Yield Daily Income
NZDCHF Long 1.86% 1.52% FOREX 3.19% 0.620 $6.28
AUDCHF Long 1.66% 1.39% FXDD 3.70% 0.768 $7.78
EURNZD Short 1.56% 1.15% HOTFOREX 2.98% 1.230 $8.99
NZDJPY Long 1.41% 1.10% FOREX 3.15% 0.700 $6.23
GBPNZD Short 1.33% 0.95% HOTFOREX 2.99% 1.450 $10.60
EURAUD Short 1.32% 1.07% FXDD 3.11% 1.233 $9.46
AUDJPY Long 1.21% 1.17% FOREX 2.58% 0.610 $5.43
GBPAUD Short 0.95% 0.90% FXDD 1.85% 0.857 $6.58
NZDUSD Long 0.92% 1.05% FOREX 3.05% 0.610 $6.10
NZDCAD Long 0.79% 0.97% ETORO 1.70% 0.442 $3.40
AUDUSD Long 0.78% 0.86% NORDFX 2.86% 0.600 $6.00
AUDCAD Long 0.68% 0.86% FOREX 1.51% 0.400 $3.08
EURHKD Short 0.57% 1.70% FXOPEN 1.85% 0.415 $5.35
CADCHF Long 0.42% 0.85% DUKASCOPY 1.25% 0.260 $2.63
USDCHF Long 0.29% 0.97% DUKASCOPY 1.51% 0.410 $4.15
EURCAD Short 0.22% 0.71% DUKASCOPY 1.04% 0.400 $3.08
GBPCHF Long 0.22% 0.80% ETORO 1.24% 0.425 $4.30
EURUSD Short 0.20% 0.73% DUKASCOPY 1.22% 0.360 $3.60
USDJPY Long -0.03% 0.65% DUKASCOPY 1.04% 0.320 $2.85
EURGBP Short -0.09% 0.58% DUKASCOPY 0.64% 0.150 $1.90
CADJPY Long -0.11% 0.72% DUKASCOPY 0.72% 0.170 $1.51
GBPJPY Long -0.11% 0.64% DUKASCOPY 0.44% 0.170 $1.51
CHFJPY Short -0.22% 0.84% Alpari 0.45% 0.140 $1.25
AUDSGD Long -0.36% 3.12% EASYFOREX 1.47% 0.423 $3.00
EURCHF Long -0.36% 0.92% AAAFX 0.20% 0.057 $0.58
EURJPY Short -0.39% 0.57% AAAFX 0.22% 0.072 $0.64
GBPCAD Short -0.39% 0.64% FOREX 0.40% 0.180 $1.39
GBPUSD Short -0.41% 0.62% DUKASCOPY 0.43% 0.150 $1.50
AUDNZD Short -0.41% 0.79% ETORO 0.38% 0.109 $0.80
USDCAD Long -0.58% 0.58% AAAFX 0.09% 0.031 $0.24
CHFSGD Short -0.59% 1.62% EXNESS 1.65% 0.639 $4.54
USDHKD Long -0.62% 0.90% FXOPEN 0.24% 0.508 $0.65
SGDJPY Long -0.70% 1.21% FOREX 0.45% 0.100 $0.89
EURSGD Short -1.04% 1.66% EXNESS 1.01% 0.420 $2.98
NZDSGD Long -1.31% 2.38% Alpari 1.06% 0.290 $2.06
USDSGD Short -1.34% 1.38% DUKASCOPY 0.31% 0.120 $0.85
GBPSGD Short -1.52% 1.68% EXNESS 0.25% 0.120 $0.85

Figure 1
Currency Pairs Average Net Interest Yields
Yields ordered by currency pair and trade.
Swap yields by currency
 © forexop

Carry Trades with Highest Return by Broker

Broker Pair Direction Net Yield % 1 Year Interest/Lot
FXDD AUDCHF Long 3.70% $2838.57
FOREX NZDCHF Long 3.19% $2333.05
FOREX NZDJPY Long 3.15% $2305.82
FOREX NZDUSD Long 3.05% $2226.50
FOREX AUDCHF Long 3.03% $2327.88
NORDFX AUDUSD Long 2.86% $2190.00
Alpari NZDCHF Long 2.63% $1919.12
FOREX AUDJPY Long 2.58% $1982.74
ETORO AUDCHF Long 2.47% $1898.00
NORDFX AUDCHF Long 2.41% $1847.52
FXDD EURAUD Short 3.11% $3365.43
HOTFOREX GBPNZD Short 2.99% $3793.68
HOTFOREX EURNZD Short 2.98% $3217.39
DUKASCOPY EURNZD Short 2.79% $3014.90
FOREX GBPNZD Short 2.62% $3322.74
ETORO EURNZD Short 2.53% $2737.50
FOREX EURNZD Short 2.42% $2615.77
DUKASCOPY EURAUD Short 2.31% $2492.95
NORDFX EURAUD Short 2.27% $2457.13
ETORO GBPNZD Short 2.19% $2774.00

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

Yield advantage by broker
 © forexop

Rollover Types and Fees by Broker

Broker Rollover Spread (pips) Spread % Yearly Fee/Lot Yield Advantage
Dukascopy Overnight 0.11 0.33% $330.74 0.70%
Forex Overnight 0.14 0.45% $447.20 0.46%
Exness Overnight 0.17 0.47% $470.81 0.59%
Alpari Overnight 0.16 0.52% $518.31 0.45%
NordFX Overnight 0.24 0.71% $714.12 0.14%
AAAfx Overnight 0.23 0.74% $736.28 0.11%
FXOpen Overnight 0.25 0.77% $769.71 0.23%
Oanda Continuous 0.32 0.89% $889.19 0.20%
Fxdd Overnight 0.34 0.96% $955.80 -0.05%
Fxpro Overnight 0.32 1.03% $1029.89 -0.04%
eToro Overnight 0.49 1.11% $1106.67 -0.21%
Thinkfx Overnight 0.38 1.11% $1113.95 -0.22%
Avatrade Overnight 0.36 1.16% $1155.00 -0.23%
Hotforex Overnight 0.44 1.20% $1202.15 -0.31%
Instaforex Overnight 0.48 1.38% $1380.51 -0.31%
Fxcc Overnight 0.42 1.45% $1452.74 -0.57%
FXTM Overnight 0.44 1.49% $1490.09 -0.64%
EasyForex Overnight 0.60 1.59% $1594.99 -0.61%

Figure 3
Average swap fees by broker

Average swap fees by broker
 © forexop

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 check live broker swap rates, please use the carry trader indicator.

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