An interest rate swap is a special case of a currency swap with both currencies being the same.

Name: An interest rate swap is a special case of a currency swap with both currencies being the same.
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An interest rate swap involves exchanging interest payments in the same currency, while a currency swap involves exchanging principal and interest in different currencies. An interest rate swap can be seen as a currency swap where both currencies are the same.

An Interest Rate Swap Is a Special Case of a Currency