If you’re asking which forex pairs have positive swap?, you’re looking for currency pairs where you earn interest by holding a trade overnight — known as positive rollover or carry trade income. A positive swap occurs when the interest rate of the currency you’re buying is higher than the one you’re selling.

How Positive Swap Works

Forex swaps are based on the interest rate differential between the two currencies in a pair. When you buy (go long) a high-yield currency against a low-yield one, you may earn a positive swap. Conversely, selling the high-yield currency usually results in a negative swap (you pay interest).

Common Forex Pairs With Positive Swap (As Of 2024)

Note: Swaps vary by broker, account type (standard or Islamic), and market conditions. The following examples assume standard accounts and long (buy) positions.

Currency Pair	Buy Position Swap Likely Positive?	Why?
USD/JPY	Yes	USD interest > JPY interest
USD/CHF	Yes	USD interest > CHF interest
AUD/JPY	Yes	AUD interest > JPY interest
NZD/JPY	Yes	NZD interest > JPY interest
GBP/JPY	Yes	GBP interest > JPY interest
USD/TRY	Yes (very high)	TRY interest rate is extremely high
USD/MXN	Yes	MXN has a high policy rate
USD/ZAR	Yes	ZAR interest rate is higher than USD
CAD/JPY	Yes	CAD interest > JPY interest

Best Scenarios For Positive Swap

• Carry trading strategies: Designed to profit from positive swaps over time
• Long-term positions: Benefit most when held for weeks or months
• High-yield environments: Pairs with emerging market currencies often offer the highest swaps

Factors That Affect Swap Rates

• Central bank interest rates (monetary policy decisions)
• Broker commission structure
• Day of the week (Triple swaps are charged on Wednesdays)
• Account type (Islamic accounts are swap-free)
• Long vs. short direction (positive swaps apply only on one side)

How To Check Swap Rates

• Use your MT4 or MT5 platform — right-click the pair > “Specifications”
• Check directly with your broker’s swap table
• Use forex calculators or third-party tools that track daily swap changes

Conclusion

If you’re wondering which forex pairs have positive swap?, look for pairs where you’re buying a high-yield currency against a low-yield one, like USD/JPY, AUD/JPY, or USD/TRY. Positive swaps can be a powerful bonus when used with long-term strategies and proper risk management.

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