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.

Foreign Exchange Swap

An agreement between two parties to exchange two currencies at a certain exchange rate at a certain time in the future. For example, if a company knows that it will need British pounds in the future and another company knows that it will need U.S. dollars, they agree to swap the two at the agreed-upon exchange rate. This eliminates the risk that the exchange rate will change in a way that is disadvantageous to one party or the other. They are also called currency swaps. See also: Swap.
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Including net payments to the central government in foreign exchange as a result of currency swaps.
Summary: Currency swaps through the Renminbi Clearing Centre in the UAE reached $7.01 billion (Dh25.7 billion; RMB44.57 billion) dur...
'The $7.22 billion foreign currency swaps must have been avoided due to the country's bad experience in late 1990s,' said former finance minister Dr Hafiz Pasha.
BANKING AND CREDIT NEWS-June 15, 2018--Brazil central bank to continue currency swaps
M2 EQUITYBITES-June 15, 2018--Brazil central bank to continue currency swaps
The central banks of India and Sri Lanka have entered a deal on currency swaps.
They said the central bank is using currency swaps with commercial banks which flatter the currency reserve figures.
Two phone calls to China's central bank seeking comment on the terms of its currency swaps weren't returned.
Keywords: Currency swaps; Bid-ask rates; Interest rate swaps
The Association of Southeast Asian Nations (ASEAN) and its partners Japan, China and South Korea have made good progress on the currency swaps.
Finance ministers from 13 East and Southeast Asian countries will declare after their meeting Wednesday that good progress has been made toward creating a network of currency swaps among them, according to a draft of their joint statement.
Finance ministers from the Association of Southeast Asian Nations agreed with Japan, China and South Korea in early May in Chiang Mai, Thailand to establish bilateral currency swaps to strengthen their financial systems and prevent future financial crises.