Enter the total assets and liabilities in foreign currency, and the total equity into the calculator to determine the net open position.

## Net Open Position Formula

The following equation is used to calculate the Net Open Position.

NOP = (TAFC – TLFC) / TE

- Where NOP is the net open position
- TAFC is the total assets in foreign currency
- TLFC is the total liabilities in foreign currency
- TE is the total equity

To calculate the net open position, subtract the liabilities from assets, then divide by the equity.

## What is a Net Open Position?

Definition:

To calculate the Net Open Position, add the total open positions of a specific currency with the total open positions that are opposite to it. For example, if you have a long position in the EUR/USD and a short position in EUR/JPY, your Net Open Position would be (EUR/USD + EUR/JPY) – (EUR/JPY).