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March/June 2017 Q3 currency SWAP

Former userFormer user6y ago

[Content removed at user request]

John MoffatJohn MoffatTutor6y ago#1
It is the principal which is converted at todays spot rate. The principal is the initial 5,000 and this has therefore been converted at 0.1430. The remaining 2,500 has to be converted at the spot in 3 years time.
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