currency swap

Definition of "currency swap"
  1. A scheduled trade of one currency, such as US dollars, for another, like Japanese yen
How to use "currency swap" in a sentence
  1. The company arranged a currency swap to secure Japanese yen for their upcoming business venture.
  2. The broker facilitated a currency swap, trading his client's euros for US dollars.
  3. The central banks participated in a currency swap to stabilize their economies.
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