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Currency swap |
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Currency swapSee swap.Currency swapAn agreement to swap a series of specified payment obligations denominated in one currency for a series of specified payment obligations denominated in a different currency.Currency swapAn arrangement in which two parties exchange a series of cashflows in one currency for a series of cashflows in another currency, at agreed intervals over an agreed period.Companies would do this where they have existing borrowings in a currency which they want to convert into a borrowing in another currency. If its borrowing is at a fixed rate, and it is exchanging for another fixed rate borrowing, the swap is a 'fixed rate currency swap'.Unlike an interest rate swap, a currency swap usually does involve an exchange of the principal borrowed amount as well as the interest payments.Similar MatchesBase currencyBase currencyApplies mainly to international equities. Currency in which gains or losses from operating an international portfolio are measured. Currency riskCurrency riskUncertainty about the future value of a currency. Reporting currencyReporting currencyThe currency in which the parent firm prepares its own financial statements; that is, US dollars for a US company. CurrencyCurrencyMoney. Common currencyCommon currencyA currency that is shared by more than one country. Thus the currency of a currency area. Further SuggestionsCurrencyCurrency swings Virtual currency option eurocurrency Currency speculation Soft currency Currency risk sharing Currency devaluation Composite currency Currency overvaluation Eurocurrency Currency hedge hard currency Currency depreciation Currency revaluation Currency option Currency basket Foreign currency futures contract Asian Currency Units (ACU) Currency depreciation Foreign currency mortgage Comptroller of the Currency Currency appreciation Artificial currency Currency Board |
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