Why should overnight interest in the foreign exchange market be charged two days in advance?

I don't quite understand what you said. This is generally not the case.

According to international banking practice, foreign exchange transactions are settled after 2 trading days. Overnight interest is calculated on the settlement date. Monday: 1 day overnight interest. Trading on Monday, settlement on Wednesday, holding positions from Monday to Tuesday, and settlement date from Wednesday to Thursday, so you have to pay/collect 1 day interest. Tuesday: 1 day overnight interest. The holding time is from Tuesday to Wednesday, and the settlement date is from Thursday to Friday, so the interest of 1 day should be paid/charged. Wednesday: 3 days overnight interest. Hold positions from Wednesday to Thursday, and Friday to next Monday is the settlement date, so you have to pay/charge interest for 3 days. Thursday: 1 day overnight interest. The position is held from Thursday to Friday, and the settlement date is from next Monday to next Tuesday, so the interest of 1 day should be paid/charged. Friday: 1 day overnight interest. Hold positions on Friday until next Monday, and the settlement date is Tuesday to Wednesday, and only need to pay/collect 1 day interest.

For more information about this, please check the Foreign Exchange Information Network (/).

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