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:
“If a foreign country doesn’t look like a middle-class suburb of Dallas or Detroit, then obviously the natives must be dangerous as well as badly dressed.”
—Lewis H. Lapham (b. 1935)
“I know nothing which life has to offer so satisfying as the profound good understanding, which can subsist, after much exchange of good offices, between two virtuous men, each of whom is sure of himself, and sure of his friend. It is a happiness which postpones all other gratifications, and makes politics, and commerce, and churches, cheap.”
—Ralph Waldo Emerson (1803–1882)
“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)