I believe that's a fantastic instance of fraudulent rates mentioned by TraderKGBOriginally Posted by ;
AUD/JPY -8.89 -4.22
EUR/JPY -17.91 -5.54
How come the swap is better on the side of the pair with the lower interest and horrible on the side of the pair with the maximum interest rate.
I guess it's an attempt, as currencies such as AUD and EUR have gone quite much lately, to avoid traders enters on carry trade at a inexpensive price on pairs such as AUDJPY and EURJPY. It is clear if you find the swap for many AUD pairs that they want to forbid you to go AUD.
Swap rates are characterized by the gap on interest of these currencies. The rates for AUD and JPY have not changed in the last few months (last move was once AUD had been dropped to 7 percent). The blah blah about volatility is really laughable ! The banks have problem, so you traders should cover !
Fortunately not all brokers are jobless like this and a few keep proper swap rates.