Oanda corporation Revision 5

Currency 

Deposit Rate 

Lending Rate 

EUR 

3.90% 

4.35% 

USD 

4.15% 

4.70% 

 

When using any forex hedging instrument to hedge out future prices, you will be charged (or 

potentially receive) the difference in interest rates between the deposit rate (currency purchased) and 

the lending rate (currency sold). This interest differential or interest carry cost is charged directly to 

your account when using carry spot transactions to hedge. If you use forex forwards, forex options, or 

other products, then the interest differential is factored into the forex rate that you receive on the forex 

forward. The interest differential will always be charged to you, whether directly or, when included in 

the forex rate, indirectly.