In the spot forex market all trades must settled in two business days. Rollover refers to the process of closing open position for today’s value date and the opening of the same in the next day at a price reflecting the difference between in interest rates of two currencies. Accordance with international banking practices, forex brokers automatically rollover all open position to the next date at 5 pm Eastern Standard Time(EST) for settlement. Rollover involves exchanging the position for a... read more
