A currency swap is the simultaneous purchase and sale of a given amount of foreign exchange for two different value dates.

Name: A currency swap is the simultaneous purchase and sale of a given amount of foreign exchange for two different value dates.
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A currency swap involves swapping one currency for another with a different value date for each currency. This allows parties to manage their foreign exchange exposure by adjusting their currency positions and hedging against currency fluctuations.

A Currency Swap Is the Simultaneous Purchase and Sale of a Given