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: September 2020

Carry Trade		Broker Average		Highest Yield		Daily Income
USDCHF	Long	0.18%	1.09%	Alpari	0.48%	$1.31
AUDCHF	Long	0.13%	1.05%	Alpari	0.50%	$0.98
NZDCHF	Long	0.06%	1.33%	AAAFX	0.47%	$0.85
GBPCHF	Long	0.00%	1.03%	Alpari	0.30%	$1.12
EURUSD	Short	-0.04%	0.89%	AAAFX	0.35%	$1.13
EURNZD	Short	-0.14%	1.07%	AAAFX	0.35%	$1.15
CADCHF	Long	-0.14%	1.26%	SIMPLEFX	0.55%	$1.13
EURCAD	Short	-0.15%	1.00%	SIMPLEFX	0.33%	$1.07
EURAUD	Short	-0.21%	1.00%	AAAFX	0.34%	$1.11
EURGBP	Short	-0.24%	0.89%	AAAFX	0.29%	$0.94
CHFJPY	Short	-0.37%	0.95%	AAAFX	0.23%	$0.69
CADJPY	Long	-0.39%	1.04%	Alpari	0.64%	$1.32
USDJPY	Long	-0.41%	0.97%	AAAFX	0.08%	$0.22
NZDJPY	Long	-0.47%	1.22%	AAAFX	0.15%	$0.27
AUDJPY	Long	-0.50%	1.02%	Alpari	0.10%	$0.19
GBPJPY	Long	-0.54%	0.95%	AAAFX	-0.04%	-$0.16
GBPUSD	Short	-0.58%	0.85%	AAAFX	-0.10%	-$0.35
EURCHF	Long	-0.62%	0.91%	AAAFX	0.01%	$0.02
EURJPY	Short	-0.63%	0.91%	AAAFX	0.13%	$0.44
GBPNZD	Short	-0.67%	0.97%	AAAFX	0.03%	$0.12
USDCAD	Long	-0.69%	0.94%	AAAFX	-0.16%	-$0.44
AUDUSD	Short	-0.75%	0.92%	AAAFX	-0.21%	-$0.41
GBPCAD	Short	-0.78%	0.93%	AAAFX	-0.23%	-$0.83
NZDCAD	Long	-0.81%	0.97%	AAAFX	0.02%	$0.04
CHFSGD	Short	-0.85%	1.85%	FXTM	0.97%	$2.91
GBPAUD	Short	-0.87%	0.98%	AAAFX	-0.17%	-$0.64
AUDCAD	Short	-0.98%	1.00%	AAAFX	-0.28%	-$0.55
NZDUSD	Short	-1.01%	1.03%	AAAFX	-0.18%	-$0.32
EURSGD	Short	-1.04%	2.10%	Alpari	0.59%	$1.91
SGDJPY	Long	-1.06%	1.89%	FXTM	0.52%	$1.04
AUDNZD	Short	-1.08%	1.15%	AAAFX	-0.08%	-$0.16
USDHKD	Short	-1.31%	1.38%	INSTAFOREX	-0.31%	-$0.84
EURHKD	Short	-1.44%	2.36%	FXTM	0.32%	$1.06
USDSGD	Long	-1.54%	1.73%	FXOPEN	-0.61%	-$1.68
AUDSGD	Short	-1.66%	2.04%	FXTM	-0.45%	-$0.87
GBPSGD	Short	-1.79%	2.30%	Alpari	-0.43%	-$1.56
NZDSGD	Short	-3.03%	3.11%	FXOPEN	-1.06%	-$1.92

[wpbusinessintelligence id=”4″ type=”chart” iframe=”n” ]History[/wpbusinessintelligence]

Carry Trades with Highest Return by Broker

Broker	Pair	Direction	Net Yield %	1 Year Interest/Lot
FXTM	CHFSGD	Short	0.97%	$1,061.42
Alpari	CADJPY	Long	0.64%	$481.85
Alpari	EURSGD	Short	0.59%	$697.89
SIMPLEFX	CADCHF	Long	0.55%	$411.61
FXTM	SGDJPY	Long	0.52%	$378.52
Alpari	AUDCHF	Long	0.50%	$357.87
Alpari	USDCHF	Long	0.48%	$477.29
AAAFX	NZDCHF	Long	0.47%	$310.25
AAAFX	EURNZD	Short	0.35%	$419.75
AAAFX	EURUSD	Short	0.35%	$412.45
AAAFX	EURAUD	Short	0.34%	$405.15
SIMPLEFX	EURCAD	Short	0.33%	$391.07
FXTM	EURHKD	Short	0.32%	$386.21
Alpari	GBPCHF	Long	0.30%	$407.07
AAAFX	EURGBP	Short	0.29%	$343.10
AAAFX	CHFJPY	Short	0.23%	$251.85
AAAFX	NZDJPY	Long	0.15%	$98.55
AAAFX	EURJPY	Short	0.13%	$160.60
Alpari	AUDJPY	Long	0.10%	$68.82
AAAFX	USDJPY	Long	0.08%	$80.30

[wpbusinessintelligence id=”5″ type=”chart” iframe=”n” ]History[/wpbusinessintelligence]

Rollover Types and Fees by Broker

Broker	Rollover	Spread %	Yearly Fee/Lot	Yield Advantage
AAAFX	Overnight	0.36%	$359.24	0.79%
EXNESS	Overnight	0.61%	$611.64	0.54%
DUKASCOPY	Overnight	0.77%	$770.41	0.38%
FXOPEN	Overnight	0.79%	$788.89	0.36%
SIMPLEFX	Overnight	1.01%	$1,008.67	0.14%
NORDFX	Overnight	1.04%	$1,041.55	0.11%
OANDA	Continuous	1.22%	$1,218.19	-0.07%
HOTFOREX	Overnight	1.27%	$1,268.21	-0.12%
Alpari	Overnight	1.31%	$1,306.88	-0.16%
FXTM	Overnight	1.36%	$1,356.78	-0.21%
EASYFOREX	Overnight	1.79%	$1,789.27	-0.64%
INSTAFOREX	Overnight	2.09%	$2,085.37	-0.94%

[wpbusinessintelligence id=”6″ type=”chart” iframe=”n” ]History[/wpbusinessintelligence]

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.