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When they borrowed dollars from the bank, they entered into a currency swap to protect the value of their loan for projects that had to be paid in pesos.
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When they borrowed dollars from the bank, they entered into a currency swap to protect the value of their loan for projects that had to be paid in pesos.
For example, suppose a U.S.-based company needs to acquire Swiss francs and a Swiss-based company needs to acquire U.S. dollars. These two companies could arrange to swap currencies by establishing an interest rate, an agreed upon amount and a common maturity date for the exchange. Currency swap maturities are negotiable for at least 10 years, making them a very flexible method of foreign exchange.
Currency swaps were originally done to get around exchange controls.
фр.swap de monnaies; swap de devises
исп.swap de monedas; intercambio de monedas
валютный своп
Операция, при которой финансовый институт, имея фонды в одной валюте, обменивает их на другую валюту и заключает форвардный контракт для покрытия заемной валюты.
валютний своп (різниця курсів)