Forex Trading

Foreign Currency FX Swap: Definition, How It Works, and Types

However, in 2023, the Secured Overnight Financing Rate (SOFR) will officially replace LIBOR for benchmarking purposes. In fact, as of the end of 2021, no new transactions in U.S. dollars use LIBOR (although it will continue to quote rates for the benefit of already existing agreements). Currency swaps have been tied to the London Interbank

Foreign Currency FX Swap: Definition, How It Works, and Types Read More »