an agreement to exchange two currencies is called a(n)
Currency swap [1][2]A cross-currency swap's (XCS's) effective description is a derivative contract, agreed between two counterparties, which specifies the nature of an exchange of payments benchmarked against two interest rate indexes denominated in two different currencies. It also specifies an initial exchange of notional currency in each different currency and the terms of that repayment of notional currency over the life of the swap.
Sign and trade In the National Basketball Association, a sign-and-trade agreement is a type of contract (allowed by the collective bargaining agreement [CBA]) wherein one franchise/team signs an unrestricted free agent player to a new contract, only to then immediately trade him to another team (of the player's choosing). This is typically done to enable the player to obtain a higher salary and/or greater number of years on their contract than NBA salary cap rules ordinarily allow the destination team, itself, to provide the player.[1]