A swap is a transaction in which both and are involved.
That is to say, sell or buy forward foreign exchange at the same time as buying or selling spot.
This is usually done by a bank to cover the risk of a foreign currency it has bought from or sold to a customer.
Sometimes the adjustment business consists of two transactions, called forward to forward adjustment business.
Foreign currency futures trading is a foreign exchange trading business in which foreign currency futures contracts are bought and sold in a fixed place.
Similar TO other general commodity futures trading, foreign currency futures trading is the trading activity of buying and selling a fixed amount of foreign currency at a certain date in the future at an agreed price.