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Basic Question 19 of 20
Select the correct statement(s):
II. A FX swap is a two-legged currency transaction used to shift or "swap" the value date for a foreign exchange position to another date.
III. In a FX swap, the amount of repayment is fixed at the FX forward rate as of the start of the contract.
I. A FX swap deal effectively results in no (or very little) net exposure to the prevailing spot rate.
II. A FX swap is a two-legged currency transaction used to shift or "swap" the value date for a foreign exchange position to another date.
III. In a FX swap, the amount of repayment is fixed at the FX forward rate as of the start of the contract.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
explain spot and forward rates and calculate the forward premium/discount for a given currency;
calculate the mark-to-market value of a forward contract;
CFA® 2025 Level II Curriculum, Volume 1, Module 8.