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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 MatchesComptroller of the CurrencyComptroller of the CurrencyA government official, appointed by the president, who keeps control over all national banks, and receives reports from the banks at least quarterly, to be published in newspapers. Currency basketCurrency basketThe value of a portfolio of specific amounts of individual currencies, used as the basis for setting the market value of another currency. It is also referred to as a currency cocktail. Currency crisisCurrency crisisThe crisis that occurs when particpants in an exchange market come to percieve that an attempt to maintain a pegged exchange rate is about to fail, causing speculation against the peg that hastens the failure and forces a devaluation. Currency loanCurrency loanA term used when money is borrowed in a foreign currency. Vehicle currencyVehicle currencyThe currency used to invoice an international trade transaction, especially when it is not the national currency of either the importer or the exporter. Further SuggestionsEuropean Currency UnitCurrency depreciation Under-valued currency Strong Currency Virtual currency option Foreign currency mortgage Currency in circulation Currency no longer issued Base currency Currency bloc eurocurrency Currency Board Currency diversification Currency devaluation Currency overvaluation Currency option Optimal currency area Currency Foreign currency forward contract Currency arbitrage Currency reallignment Currency swings Currency depreciation Net currency exposure Currency risk sharing |
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