換匯交易
foreign exchange SWAP
指在外匯市場買進(賣出)即期外匯,同時又賣出(買進)同種貨幣的遠期外匯。是一種即期交易和遠期交易的結合。期初兩種幣別的交換是根據即期匯價進行,而期末的交換,則是根據遠期匯價計算模式,計算出交換匯價,再進行幣別交換。
It refers to the foreign exchange market to buy (sell) spot foreign exchange, but also to sell (buy) the same kind of forward foreign exchange currencies. It is a combination of spot transactions and forward transactions. Beginning two kinds of currency exchange is based on the spot rate other conduct, and the end of the exchange, the exchange rate is based on long-term computing model to calculate the swap exchange rate, then currency exchange.