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Foreign exchange swap |
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Foreign exchange swap An agreement to exchange stipulated amounts of one currency for another currency at one or more future dates. |
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| This facility was superseded on April 26, when the monetary authorities of the United States, Canada, and Mexico announced the creation of the North American Financial Group and the establishment of a trilateral foreign exchange swap facility. The enlarged foreign exchange swap arrangement with the Bank of Mexico constituted part of a new trilateral foreign exchange swap facility established in connection with the newly formed consultative group called the North American Financial Group and comprised of the Finance Ministers and Central Bank Governors of Canada, Mexico, and the United States. The Fund manages its short-term cash position partially through the use of foreign exchange swap contracts. |
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Foreign exchange swap
