Notional Exchange
Cross-currency swaps may exchange notionals at inception and maturity according to contract terms.
Market use
This differs from standard single-currency interest-rate swaps where notional is usually not exchanged.
What it means
Cross-currency swaps may exchange notionals at inception and maturity according to contract terms.
Example
FX moves affect the economic value of exchanged notionals.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Conventions
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.