Exchange Currency

currency swap

An arrangement in which two parties exchange specific amounts of different currencies initially, and a series of interest payments on the initial cash flows are exchanged. Often, one party will pay a fixed interest rate, while another will pay a floating exchange rate (though there may also be fixed-fixed and floating-floating arrangements). At the maturity of the swap, the principal amounts are exchanged back. Unlike an interest rate swap, the principal and interest are both exchanged in full in a currency swap.

Related information about currency swap:
  1. Currency swap - Wikipedia, the free encyclopedia
    A currency swap is a foreign-exchange agreement between two parties to exchange aspects (namely the principal and/or interest payments) of a loan in one ...
     
  2. Currency Swap Definition | Investopedia
    A swap that involves the exchange of principal and interest in one currency for the same in another currency. It is considered to be a foreign exchange ...
     
  3. Currency Swap Basics
    May 24, 2011 ... Find out what makes currency swaps unique and slightly more complicated than other types of swaps.
     
  4. Currency swap - YouTube
    May 26, 2008 ... Brief illustration of a fixed-for-fixed currency swap (e.g., dollars for euros). Please note: in a plain vanilla interest rate swap, we referred to the ...
     
  5. Currency Swap - Financial Dictionary - The Free Dictionary
    An agreement to swap a series of specified payment obligations denominated in one currency for a series of specified payment obligations denominated in a ...
     
  6. What is currency swap? definition and meaning
    Definition of currency swap: An arrangement in which two parties exchange specific amounts of different currencies initially, and a series of interest payments on ...
     
  7. Currency swap: Definition from Answers.com
    Currency Swap Agreement to exchange one currency for another at an agreed upon exchange rate. In a currency swap, the holder of an unwanted currency ...
     
  8. Currency Swap
    A currency swap is a form of swap. It is most easily understood by comparison with an interest rate swap. An interest rate swap is a contract to exchange cash ...