Cross Currency Swap In a Cross Currency Swap agreement, currency is not exchanged but temporarily swapped between bank and customer. This allows our customers to protect themselves against rate fluctuations by swapping a quantity of one currency for another at current market rates with an agreement to re-swap later at a pre-agreed rate. A Yoma Bank Cross Currency Swap is an effective tool for businesses with liability denominated in one currency, but revenue denominated in another currency.

A Currency Swap is a contract similar to a Cross Currency Swap, but in which clients swap currency with a third party rather than with the bank directly. Similarly, the currency is re-swapped at a future date at a predetermined rate.