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FX > FX Swap

FX Swap

Trade Type: FxSwap
Trade Components: None

An FX Swap is a contract that involves the exchange of a set amount of one currency for another at the start of the contract, and then the reverse exchange at the end of the contract. The exchange at the start uses the FX spot rate, whereas the exchange at the end uses the FX forward rate at the start.

This example is an FX Swap to buy EUR and sell USD at the start (NearDate) and sell EUR and buy USD at the end (FarDate).