Remember that the price of a swap is the fixed rate on the swap. A currency swap can take one of three forms: Each side pays a fixed rate: one in one currency, the other in a different currency. In this case, there are two prices for the currency swap: the two fixed rates (which […]
This article is for members only. You can become a member now by purchasing a
CFA® Level II Derivatives Membership, CFA® Level II Membership
This will give you access to this and all other articles at that membership level.