As a Foreign Exchange Hedge, Currency Swaps Have All of the Following

Multiple Choice

As a foreign exchange hedge, currency swaps have all of the following characteristics EXCEPT

A) principal amounts are reversed at the spot rate at maturity.
B) principal amounts are reversed at a pre- agreed rate at maturity.
C) an initial exchange by two parties of two principal amounts in two different currencies.
D) each party pays the other's interest payment.