Roll over is also called Swap. It is the interest paid for holding a position overnight. Each world currency has an interest rate connected to it. Since Forex is traded in pairs, every trade involves not only two different currencies, but also two different interest rates.
A currency swap, sometimes referred to as a cross-currency swap, involves the exchange of interest in one currency for the same in another currency. Interest payments are exchanged at fixed dates through the life of the contract. It is considered a foreign exchange transaction and it is not required by law to be shown on a company’s balance sheet.
How can currency swaps change
Currency swaps are an essential financial instrument utilized by banks, multinational corporations, and institutional investors. Swaps can change from time to time. For swaps for each currency pair, please check the following swap list.
Rollover is the interest paid or earned for holding a currency spot position overnight. Each currency has an overnight interbank interest rate associated with it, and because Forex is traded in pairs, every trade involves not only 2 different currencies but also two different interest rates. Rollover is done when New York market closes.
Rollover time [MT4] 0:00 (in the case of summer time: 23: 00)