What are Currency Swaps?

[@sellisali974]

I ended zoning out and instead counting how many times Patrick blinked. 😂

[@Peter_Baelish]

Thank you mr Robot.

[@Solemme]

You've come a long way Patrick. A long way. Good job and thanks for sticking to this medium over the years.

[@CYQ776]

Haha, I bought his book 2 years ago and didn't know it till now!

[@pattrick63]

Can you use currency swaps to track currency movement on a spot chart?

[@GP-qb9hi]

Did you watch the video?

[@devilex121]

In case you didn't find an answer elsewhere, yes but not necessarily track. Through the currency swaps market, you can infer the implied rate for a given currency pair. Put differently, the currency swaps market will give you the future exchange rate as expected by the market. Naturally, this should be practically identical to realised exchange rates (on the usual currency markets) as any discrepancy would be arbitraged away.

[@rahulseth2007]

Still I am able understand so thank you

[@petar5688]

If I have euros and need dollar, If I want to make currency swap contract would I get dollars and give euros at the same date or no?

[@Piingzi]

I couldn't concentrate because you were very robotic - a bit more charisma is needed?

[@Piingzi]

On second watch some of the explanations are actually useful but it may as well be written down and not in a video (if the video is just blank facial expression reading text)

[@kishorevenu9297]

Please explain back to back trades thanks 🙏

[@adi.olteanu.1982]

I didn't understand shit..... So.... If i have a loan of 1 mil USD and i want to exchange it to EURO, someone is taking my 1 mil USD and give me 0.9 mil EURO........ RIGHT? And if MAYBE someone needs 1 mil USD that someone will trade ut for YEAN let say? And maybe hoping to close the circle with other currencies, all of this without making a profit?

[@Matthew-rs4hb]

I think he's reading straight from the book and not really explaining anything. IF the book is that dry, I probably wouldn't buy it.

[@bhuvanmg6069]

Are you a robot or human!