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 one currency for another at current market rates with an agreement to re-swap later at a pre-agreed rate. Yoma Bank Cross Currency Swap is an effective tool for business with liabilities in one currency and revenue in another.

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