currency swap Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “currency swap” in the English Dictionary

"currency swap" in Business English

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currency swapnoun [C]

uk   us  
BANKING, FINANCE an ​agreement between two ​organizations to ​change the ​amount of ​moneylent or the ​interestpayments of a ​loan made in one ​currency for the same ​part of a ​loan in another ​currency: When they ​borroweddollars from the ​bank, they ​entered into a ​currencyswap to ​protect the ​value of their ​loan for ​projects that had to be ​paid in pesos.
(Definition of currency swap from the Cambridge Business English Dictionary © Cambridge University Press)
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