Background Note | HBS Case Collection | November 1991 (Revised April 2002)

Note on Foreign Currency Swaps

by W. Carl Kester


Provides descriptive background about the development of an international market for currency swaps and, by means of a detailed example, instructs readers in the determination of swap flows and all-in costs of financing using market swap rates. A rewritten version of an earlier note.

Keywords: Currency;


Kester, W. Carl. "Note on Foreign Currency Swaps." Harvard Business School Background Note 292-043, November 1991. (Revised April 2002.)