Search results for: “fixed exchange rate”
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Swap
An arrangement whereby two companies lend to each other on different terms, e.g. in different currencies, and/or at different interest rates, fixed or floating….
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Bimetallism
A monetary system in which the units are defined in relation to two metals (usually gold and silver) which are given a fixed rate of mutual exchange. Such systems break down because of the difficulty of stabilizing the values of the two metals. In any event, the withdrawal from metalbased […]
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Equity Swap
A swap in which the cash flows that are exchanged are based on the total return on some stock market index and an interest rate (either a fixed rate or a floating rate). Related: interest rate swap….