Monthly Position Hedging Cost
(Bank of China forex trading platform)
*** In theory, the positive and negative values of the interest difference determine the long-term direction of the currency pair! The following is China bank overnight cost, perhaps it is helpful to China money manager. Note: The calculation method of the overnight spread is slightly different between China and international!
*** This is the overnight interest rate value released by the forex trading platform of the Bank of China.
*** Calculation method: Daily overnight interest of currency pair X / y, overnight interest of buying 1 million = 1000000 * (x / 365 - Y / 365), overnight interest margin of selling 1 million = 1000000 * (Y / 365 - X / 365)