外汇互换的中文解释

外汇掉期是结合外汇现货及远期交易的一种合约，合约双方约定某一日期按即期汇率交换一定数额的外汇，然后在未来某一日期，按约定的汇率(即远期汇率)以相等金额再交换回来。实际上，合约双方是各自获得交换回来的货币一定时间的使用权。外汇互换的条件，反映了合约双方对所交换的两种货币的汇率走势及各自对利率的看法。外汇互换以远期点数的方式报价，除了可用来锁定在未来某一时点交换货币的汇率外，亦可作为对即期与远期汇率间的异常差距进行套利的手段。

FX Swap的英文解释

A foreign exchange swap is a simultaneous purchase and sale, or vice versa, of identical amounts of one currency for another with two different value dates (normally spot to forward). The two parties agree a currency exchange on one day and simultaneously agree to unwind or reverse that deal on a date in the future. Effectively, each party is given the use of an amount of foreign currency for a specific time. Each party is taking a view on the relative movements of currencies and interest rates between those two dates, in comparison with their current relative prices. The price of a swap is quoted in forward points. The deal locks in the price of holding or takingdelivery of an amount of foreign currency at a future date, or allows arbitrage between spot and forward rates.

• reverse [ri´və:s]   v.颠倒；(使)反向   (初中英语单词)
• amount [ə´maunt]   n.总数；数量 v.合计   (初中英语单词)
• relative [´relətiv]   a.有关系的 n.亲属   (初中英语单词)
• comparison [kəm´pærisən]   n.比较；对照；比喻   (初中英语单词)
• identical [ai´dentikəl]   a.完全相同的   (高中英语单词)
• currency [´kʌrənsi]   n.通货；通用；货币   (高中英语单词)
• specific [spi´sifik]   a.具体的；特有的   (高中英语单词)
• delivery [di´livəri]   n.送交；分娩；交货   (高中英语单词)
• simultaneously [,siməl´teinjəsli]   ad.同时，一起   (英语四级单词)
• effectively [i´fektivli]   ad.有效地   (英语六级单词)
• taking [´teikiŋ]   a.迷人的 n.捕获物   (英语六级单词)
• holding [´həuldiŋ]   n.保持，固定，存储   (英语六级单词)