The World Bank pioneered currency swaps, and USES swaps to protect against foreign exchange and interest rate risk.

世界银行率先使用货币掉期，用以抵御外汇和利率风险。

youdao

It was a short step from currency swaps to interest-rate swaps.

从货币掉期到利息掉期仅需一小步。

youdao

Currency swaps differs from foreign-exchange swaps in that they include interest-rate payments and typically have longer durations-one to five years.

与外汇掉期不同，货币掉期包含利率支付，有效期更长——通常有一至五年。

youdao

You and your partner, Warren Buffett, have for years complained and warned about the dangers ve perceived in the modern derivatives markets, particularly credit derivatives, and also concerns about interest rate swaps, currency swaps, and equity swaps.

你和你的合伙人，沃伦，巴菲特,多年来一直提醒现代衍生品市场中,存在的危险，that，you’,尤其是信用衍生品，利率掉期，货币互换和股票互换。

斯坦福公开课 - 经济学课程节选

Many of London's currency dealers have retooled themselves to trade more sophisticated products, such as interest-rate swaps and forward rate agreements.

ECONOMIST: Derivatives and foreign exchange