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What is a currency swap?

A currency swap (reciprocal credit agreement) simultaneously combines two foreign exchange transactions in opposite directions on different transaction dates. In most cases, the swap consists of a spot transaction and a forward transaction in the opposite direction.

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Related questions

How long does it take before I have a monetary adjustment following a cancellation or modification of a foreign exchange contract? Learn how long it takes for a monetary adjustment following a cancellation or modification of a foreign exchange contract.
Why don’t I see the rate for my contract in my foreign exchange platform? Get more information from your foreign exchange trader if your contract rate is not displayed.
In what types of situations should I talk to my trader? Discover the kinds of situations where you should consult your foreign exchange trader.
How do I correct an error during a foreign exchange transaction? Find out how you can correct an error in a foreign exchange transaction.
When will my transaction be visible on the foreign exchange platform? Your transaction will be visible on the platform as soon as its confirmed.

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