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

	Long (Buy)	Short (Sell)
Swap Rate	-186.121	60.013
Per Standard Lot	-186.121 ZAR	60.013 ZAR
Triple Swap Day	Wednesday	Wednesday

Last Updated: 28 May 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 = -186.121 ZAR

Current overnight holding cost is -186.121 ZAR per lot per night.

Positive carry

Holding a sell position on USDZAR overnight earns you +60.013 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 -186.121 (long) and 60.013 (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 = -1116.726 ZAR.

Does USDZAR have a positive or negative swap?+

The long swap on USDZAR is -186.121 ZAR per lot per night — a cost on overnight buy positions.

Customer Notice

Trading derivatives is high risk. Losses can exceed your initial investment. You should only trade with money you can afford to lose. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Past performance of any product described on this website is not a reliable indication of future performance. You should consider whether you’re part of our target market by reviewing our Target Market Determination, and read our PDS and other legal documents to ensure you fully understand the risks before you make any trading decisions.

The information on this website is not intended to be an inducement, offer or solicitation to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

USDZAR Swap Rate

Holding a sell position on USDZAR overnight earns you +60.013 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?+

Quick Links

Markets

Trading Platforms

Afterprime

Customer Notice