currency swap Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of “currency swap” in the English Dictionary

"currency swap" in Business English

See all translations

currency swapnoun [C]

uk   us  
BANKING, FINANCE an agreement between two organizations to change the amount of money lent or the interest payments of a loan made in one currency for the same part of a loan in another currency: When they borrowed dollars from the bank, they entered into a currency swap 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)
What is the pronunciation of currency swap?
Add Cambridge dictionaries to your browser to your website
Watching the detectorists
Watching the detectorists
by ,
May 31, 2016
by Colin McIntosh You could be forgiven for thinking that old-fashioned hobbies that don’t involve computers have fallen out of favour. In fact, nothing could be further from the truth. If anything, the internet has made it easier for people with specialist hobbies from different corners of the world to come together to support one another

Read More 

Word of the Day

biodegrade

to decay naturally and in a way that is not harmful

Word of the Day

decision fatigue noun
decision fatigue noun
May 30, 2016
a decreased ability to make decisions as a result of having too many decisions to make Our brains have a finite number of decisions they can make before they get depleted and become less discerning – so this is called decision fatigue.

Read More