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FX Swaps

Posted by Bill Campbell III, CFA on June 7, 2022
Posted in: Level III Derivatives.

Let’s start by addressing the elephant in the room: the name “FX swap” is just plain weird.  This isn’t a swap in any normal sense of the word swap: it isn’t an exchange of cash flows at some predetermined future date(s).  An FX swap is nothing more nor less than rolling over an expiring currency […]

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