Answer:
A spot sale of a currency combined with the forward repurchase of the currency.
Explanation:
Foreign exchange swap is a way of hedging currency against foreign exchange risk for business parties and also help companies with overseas subsidiaries to manage foreign exchange well. It affords the currency of a particular country to be used to offset bills designated in another country with minimal loss of value.
It has two legs of Spot and forward transaction but both related to the agreement the two parties have , but always planned towards a future date.
