Cherokee County, Kansas:Small-town comforts and so much more. Cherokee County, Kansas:State and local governments that help you succeed. Cherokee County, Kansas:Centrally located and so easy to reach. Cherokee County, Kansas:Self-motivated workers who are proud of their skills. Cherokee County, Kansas:Fast and easy access by road, rail, and air.
Pricing: For a floating-floating currency swap where only the exchange rate is hedged, a market. exchange rate (typically, the spot rate as of the effective date of the swap) is used to convert the. payment amounts of the local currency into the target currency. The same exchange rate is used.
DEFINITION of 'Swap'. Traditionally, the exchange of one security for another to change the maturity (bonds), quality of issues (stocks or bonds), or because investment objectives have changed. Recently, swaps have grown to include currency swaps and interest rate swaps.Next Up.REAKING DOWN 'Swap'. If firms in separate countries have comparative advantages on interest rates, then a swap could benefit both firms. For example, one firm may have a lower fixed interest rate, while another has access to a lower floating interest rate. These firms could swap to take advantage of the lower rates.