forex swap
Definition
A type of foreign exchange swap consisting of two parts, completed at the same time. One part is a foreign exchange spot trade, and the other is a foreign exchange forward transaction. Forex swaps are most often used by investors for either hedging or speculation purposes.
Use forex swap in a sentence
“ The forex swap was conducted by our broker who suggested the trade be made to improve our position in the currency. ”
“ The forex swap was cool because it meant that the two parts would be completed at the same time and everything would be fine. ”
“ The adviser in our foreign speculations division was on the phone making forex swaps all day attempting to hit his quota for the month. ”
