Hi ATO,
I have been advised that for each trade I need to calculate the USD profit into AUD.
Here is the standard CFD trade example:(in USD $)
Value of 1 Lot: 100oz Margin 5% Long Swap Value (points) -48.45
Buy Glod Lots: 0.01 Leverage: 20
Opening Time: 2024.04.26 16:56 Opening Price 2340.06
Closing Time: 2024.05.10 16:00 Closing Price 2363.02
Swaps: -6.61
P/L: 22.96
question one:
How to calculate my Profit/Loss in AUD
To calculate it in AUD (A$):
One:
ItemA :Calculate the Opening amount in AUD on Data 04.26 with exchange rate 0.6539: 3,578.62 AUD
ItemB: Calculate the Closing amount in AUD on Data 05.10 with exchange rate 0.6610:
3,574.92 AUD
Then (Gain/Loss)= ItemB-ItemA = -4.3 (AUD)
Two:
P/S in USD on Closing Date $22.96
Calculate it in AUD with the exchange rate on Closing Date 0.6610 = 34.74(AUD)
Question two:
How to calculate Swaps:
Swaps accrued every trading day Calculate it in each date with each exchange rate.
-(0.47/0.6539+0.47/0.6569+1.42/0.6525+0.47/0.6475+0.47/0.6541+
0.47/0.6579+0.47/0.6613+1.43/0.6600+0.47/0.6579+0.47/0.6577) = -10.08AUD
OR
Calculate Swaps at the closing date with the exchange rate on closing date
-6.61/0.6610 = -10 AUD
457 views
1 replies