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Why are Rollover rates tripled on Wednesdays?

April 26, 2017rates rollover tripled Wednesdays

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Why are Rollover rates tripled on Wednesdays?

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When placing a trade in the spot Forex market, the actual value date is two days forward. A deal done on Thursday is for value Monday. A deal done on Friday is for value Tuesday, and so on. On Wednesday the amount of Rollover is tripled in order to compensate for the following weekend (during which time Rollover is not charged because trading is stopped for the weekend).