Also known as cross-currency swaps, currency swapping are a vital financial instrument for any multinational corporation or institutional investor planning to invest in an international business venture. While you may find them to be very similar to other financial derivatives like interest rate swaps and equity swaps, there are some fundamental qualities that make currency swapping different and comparatively more complex in nature. Before we delve further into the subject, let’s first understand what currency swaps are, and how currency
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