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Current swap

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Current swap

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by John Moffat.
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  • October 2, 2022 at 10:54 am #667691
    thanh123
    Participant
    • Topics: 44
    • Replies: 30
    • ☆☆

    Hi tutor, the lecture of current swap has included the definition of swap bank. What is swap bank ? Can you give me the current swap bank in the world ? Thanks a lot

    October 2, 2022 at 4:02 pm #667706
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 53344
    • ☆☆☆☆☆

    I assume your are referring to currency swaps.

    ‘Swap back’ is not some special term. ‘Swap’ means exchange with someone. So as is explained in full in the lectures notes, one person will exchange currencies with another person. Then at the end of the term they will exchange back with each other to their own currencies. This is a quite common procedure in the world.

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