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Home > QFINANCE Dictionary > Definition of cross currency swap

Definition of

cross currency swap

Currency & Exchange

agreement to use one currency for another an arrangement between two parties to exchange an amount of one currency for another currency, later returning the original amounts. This is useful, for instance, where both parties hold a currency other than the one they need at a specific time.

Related definitions of "cross currency swap"

Definitions of ’cross currency swap’ and meaning of ’cross currency swap’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’cross currency swap’ and other financial terms with our online QFINANCE Financial Dictionary.

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