Currency swap is a temporary exchange of funds in one currency for another while the exchange rate is fixed so that the currency risk is limited. As long as it is simply a deposit in one currency and a credit in another currency of a given currency pair, exchange rate of the reverse conversion reflects interest income and cost of the two given transactions.

Usage
- currency swap is an ideal product for the clients with funds in one currency (e.g. USD) that temporarily (e.g. one month) need to be financed in another currency (e.g. EUR). At the same time, they do not want to undertake currency risk of USD into EUR conversion at a current rate and reverse conversion of EUR into USD. Currency swap is also used to extend maturity of already concluded forwards (e.g. client did not obtain a foreign payment for conversion of which he/she had concluded forward rate).

Conditions
- signing Treasury Business Conditions,
- minimum volume of deal equivalent to 30 000 EUR
- term between 3 and 365 days,
- deal concluded between 8.30am and 4.00pm each working day