US Dollar vs South Africa Rand Swap Rate - Long & Short Overnight Fee

	Long (Buy)	Short (Sell)
Swap Rate	-220.804	73.324
Per Standard Lot	-220.804 ZAR	73.324 ZAR
Triple Swap Day	Wednesday	Wednesday

Last Updated: 17 Jun 2026. Swap rates reflect Afterprime's raw interbank cost structure with zero markup.

Swap Cost Calculator

Model the current overnight carry for USDZAR using the live long and short swap values.
Use the detailed Swap Calculator if you prefer.

Lot size

Trade Direction

Nights held

Long swap cost = -220.804 ZAR

Current overnight holding cost is -220.804 ZAR per lot per night.

Positive carry

Holding a sell position on USDZAR overnight earns you +73.324 ZAR per standard lot per night at current rates.

This is a carry trade opportunity. Your position generates income rather than incurring a cost while rates remain at these levels.

USDZAR Specification →USDZAR trading hours →

USDZAR Swaps FAQs.

What is the swap rate for USDZAR?+

Afterprime's current USDZAR swap rates are -220.804 (long) and 73.324 (short) per standard lot per night, denominated in ZAR.

When is the triple swap applied to USDZAR?+

Triple swap is charged on [Wednesday/Friday] to account for the Saturday and Sunday settlement period.

How do I calculate my USDZAR overnight holding cost?+

Multiply the swap rate by your lot size and nights held. Example: 2 lots long for 3 nights = -1324.824 ZAR.

Does USDZAR have a positive or negative swap?+

The long swap on USDZAR is -220.804 ZAR per lot per night — a cost on overnight buy positions.

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USDZAR Swap Rate

Holding a sell position on USDZAR overnight earns you +73.324 ZAR per standard lot per night at current rates.

USDZAR Swaps FAQs.

What is the swap rate for USDZAR?+

When is the triple swap applied to USDZAR?+

How do I calculate my USDZAR overnight holding cost?+

Does USDZAR have a positive or negative swap?+

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