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Glossary of the 1993 SNA - Definition of Term

Term	Swap - foreign exchange
Definition	A foreign exchange swap is a spot sale/purchase of currencies and a simultaneous forward purchase/sale of the same currencies.
Paragraphs	11.38.

It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.

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