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:
“When translating one must proceed up to the intranslatable; only then one becomes aware of the foreign nation and the foreign tongue.”
—Johann Wolfgang Von Goethe (1749–1832)
“So long as the system of competition in the production and exchange of the means of life goes on, the degradation of the arts will go on; and if that system is to last for ever, then art is doomed, and will surely die; that is to say, civilization will die.”
—William Morris (1834–1896)
“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)