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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 MatchesStrong CurrencyStrong CurrencyA currency whose value compared to other currencies is improving, as indicated by a decrease in the direct exchange rates for the currency. Blocked currencyBlocked currencyA currency that is not freely convertible to other currencies due to exchange controls. EurocurrencyEurocurrencyA currency which is deposited in banks outside its country of origin. For example the eurodollar, eurodeutschmark and eurosterling. Soft currencySoft currencyA money of a country that is expected to drop in value relative to other currencies. Asian Currency Units (ACU)Asian Currency Units (ACU)Dollar deposits held in Singapore or other Asian centers. Further SuggestionsEuropean Currency Unit (ECU)currency Comptroller of the Currency Foreign currency mortgage Multicurrency loans currency conversion Reporting currency Currency future European Currency Unit Currency bloc Eurocurrency market Currency basket hard currency Currency devaluation Currency put option Currency board Currency arbitrage Currency option Canonical model of currency crises Currency selection Moscow Interbank Currency Exchange (MICEX) Currency revaluation Currency Under-valued currency Optimal currency area |
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