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Currency Swap
What does it mean?
A swap that involves the exchange of principal and interest in one currency for the same in another currency.
In Other Words...
Currency swaps were originally done to get around the problem of exchange controls.
Related Links
Swaps - More detail on using a swap.
Related Terms
Commodity Swap | Currency | Currency Overlay | Interest Rate Swap | Swap | Total Return Swap
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A | B |
C | D |
E | F |
G | H |
I | J |
K | L |
M | N |
O | P |
Q | R |
S | T |
U | V |
W | X |
Y | Z
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