Meaning of the word "currency swap" in English
What does "currency swap" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
currency swap
US /ˈkɜːr.ən.si swɑːp/
UK /ˈkʌr.ən.si swɒp/
Noun
an agreement between two parties to exchange principal and/or interest payments in one currency for equivalent payments in another currency
Example:
•
The company entered into a currency swap to hedge against exchange rate fluctuations.
•
Currency swaps are commonly used in international finance.
Synonym: