In finance, a foreign exchange swap, forex swap, or FX swap is a simultaneous purchase and sale of identical amounts of one currency for another with two different value dates (normally spot to forward). see Foreign exchange derivative.
Read more about Foreign Exchange Swap: Structure, Uses, Pricing, Related Instruments
Famous quotes containing the words foreign, exchange and/or swap:
“There is the fear, common to all English-only speakers, that the chief purpose of foreign languages is to make fun of us. Otherwise, you know, why not just come out and say it?”
—Barbara Ehrenreich (b. 1941)
“The press and politicians. A delicate relationship. Too close, and danger ensues. Too far apart and democracy itself cannot function without the essential exchange of information. Creative leaks, a discreet lunch, interchange in the Lobby, the art of the unattributable telephone call, late at night.”
—Howard Brenton (b. 1942)
“If we should swap a good library for a second-rate stump speech and not ask for boot, it would be thoroughly in tune with our hearts. For deep within each of us lies politics. It is our football, baseball, and tennis rolled into one. We enjoy it; we will hitch up and drive for miles in order to hear and applaud the vitriolic phrases of a candidate we have already reckoned we’ll vote against.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)