Currency swaps silently set the stage for a lot of economic activity worldwide. According to the latest reliable data, global daily currency swaps in 2022 was about $400 billion, around 5% of the ...

Cross-currency swaps and FX swaps have important differences. Learn their pros, cons, uses, and essential details.

The example below illustrates how Cross-Currency Interest Rate Swaps (CCIRS) work in practice. Consider a Ghanaian company, ABC Ltd, that borrows $10 million in USD for five years at a floating ...

SYDNEY -- Australia's central bank Thursday signed a currency swap deal with the People's Bank of China, in another example of the growing internationalization of China's currency and the ...

China's much-heralded swap agreements with Brazil and other countries give the impression that those nations are now holding RMB as a reserve currency. They are not.

Monthly EUR/USD cross-currency swaps increased 7% in January to $266 billion, versus the corresponding period in 2024, according to data from Clarus, an ION company that researches derivatives.

For example, foreign ownership of U.S. Treasuries was around 35-40% of the total outstanding, with countries like China and Japan being major holders.

An agreement between the European Central Bank and the People's Bank of China on a currency swap line shows the Chinese currency's growing importance on the international stage.

BUENOS AIRES -- Argentine officials are hopeful that a new currency swap deal with China will bolster confidence in the peso while giving the monetary authority greater power to defend the ...