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 a close tie of affection between sovereigns and their subjects; and as chaste wives should have no eyes but for their husbands, so faithful liegemen should keep their regards at home and not look after foreign crowns. For my part I like not for my sheep to wear a stranger’s mark nor to dance after a foreigner’s whistle.”
—Elizabeth I (1533–1603)
“Even if you find yourself in a heated exchange with your toddler, it is better for your child to feel the heat rather than for him to feel you withdraw emotionally.... Active and emotional involvement between parent and child helps the child make the limits a part of himself.”
—Stanley I. Greenspan (20th century)
“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)