An FX Swap allows you to exchange one currency for another for a defined period by combining a spot transaction with a forward agreement to reverse the exchange at a later date. Used to manage short-term currency liquidity and optimise cash flows across accounts, for example to avoid negative balances in currency accounts or to temporarily fund positions in a specific currency without taking long-term FX exposure.
Learn more about FX Swap on Nordea Corporate: Understanding FX Swap.