Forex Futures Trading

Currency SWAPs for individuals?

Can a currency SWAP be used by private investors? NOT JUST COMPANIES. I have money in a bank in Iceland whose currency does not trade on FOREX markets. However my bank is a market maker for the FOREX system used IN Iceland. If i just knew how to best utilize a currency SWAP.

The short answer is "no".

Here's why:

A currency swap is an over-the-counter security that is not standardized. The non-standard contract is basically saying Party A will pay Party B the difference between where currencies end up in the future based on a set dollar amount principal. Since it is between two parties with no escrow, there is default risk. No offense, but no one is going to take you on as a counter-party due to your default risk.

Currency forex contracts tend to be in the millions of dollars. 'Nuff said.

If you want to neutralize your Krona exposure (which you may not want to do if you are Icelandic and plan on returning there), then the best ways to neutralize your currency exposure is to either sell the krona for another currency (which then opens up another can of worms because now you're long another type of currency) or build a Krona liability. You can build a krona liability by getting a loan. There is a third way... build your own "swap" by writing your own contract with someone who wants to go short on the Krona in the same amount that you want for the same amount of time period - but the chances of that are miniscule. And then you have to trust them, as well.

There is a fourth alternative. You can use futures on index traded currencies that have the highest correlations to the IKR. I know that Norweigian, Swedish and Finnish currencies are loosely correlated with the IKR. You will hedge away some risk, but still have some risk.

Sorry. I have no perfect answer for you.

The Ultimate Forex Money Making Robot

Empire Magic Collection No. 1 (Money Capsule, Snapper, Money Maker, Crystal Coin) Magic Set $4.95 Empire Magic Collection No. 1 (Money Capsule, Snapper, Money Maker, Crystal Coin) Magic Set

Money Maker By Ridley, Tonya $21.91 While her jilted boyfriend, Trick, stews in jail until his imminent release, Mena Austin makes off with the equipment from his counterfeiting operation and sets up shop with her friend, Ronni, and Kahadafi, a thug shes not sure if she can trust. Original. Author: Ridley, Tonya Publication Date: 2010/06/22 Number of Pages: 221 Binding Type: Paperback Language: English Depth: 0.75 Width: 5.50 Height: 8.50

Pasta Maker $81.99 The original Ronco Pasta Maker! Makes fresh pasta in just 5 minutes! The Ronco Pasta Maker is the easy way to make your favorite pasta dishes and save money at the same time! With dies for making 10 types of pasta, and extra dies for making cookies and sausages, this versitile appliance will pay for itself in no time.

Home Money Maker, Get Rich Quick Schemes Working at Home, Lampshades Magazine, UK, 1950 $59.99 Home Money Maker, Get Rich Quick Schemes Working at Home, Lampshades Magazine, UK, 1950 - Framed Art Print

14 Gauge Money Maker Gem Captive Ring Nipple Chain $15.99 14 Gauge Money Maker Gem Captive Ring Nipple Chain Cha-ching! It's all about the money with this cool dollar sign nipple chain. 14 gauge dangling money makers nipple captive rings with an 11 inch gem paved connecting chain. Specifications: 14 Gauge (1.6mm), 1/2" (12mm), 11 Inch Chain, 316L Surgical Grade Stainless Steel

Ronco PM1005WHGEN Popeil Pasta Maker $119.34 The original ronco pasta maker Makes fresh pasta in just 5 minutes. The ronco pasta maker is the easy way to make your favorite pasta dishes and save money at the same time. With dies for making 10 types of pasta and extra dies for making cookies and sausages this versitile appliance will pay for itself in no time.

The Forex Mindset By Martinez, Jared $39.85 Author: Martinez, Jared Subtitle: The Skills and Winning Attitude You Need for More Profitable Forex Trading Publication Date: 2011/06/23 Binding Type: Hardcover Language: English Depth: 1.00 Width: 6.25 Height: 9.25

Ronco PM1005WHGEN Electric Pasta Maker $119.34 The original ronco pasta Mmaker. Makes fresh pasta in just 5 minutes. The Ronco Pasta Maker is the easy way to make your favorite pasta dishes and save money at the same time. With dies for making 10 types of pasta and extra dies for making cookies and sausages this versitile appliance will pay for itself in no time.

Forex Revolution $41.85 This book is in Used condition

Forex Simplified $22.46 This book is in New - Excellent condition

Profiting With Forex $41.25 This book is in New - Excellent condition

Forex Conquered $67.5 This book is in New - Excellent condition

The Millionaire Maker By Langemeier, Loral $30.84 Author: Langemeier, Loral Subtitle: Act, Think, and Make Money The Way The Wealthy Do Publication Date: 2005/12/15 Number of Pages: 274 Binding Type: Hardcover Language: English Depth: 0.75 Width: 6.00 Height: 9.00

Money $19.99 Money - Masterprint

Costumes For All Occasions RP32 Money Maker Rack Pack $18.53 Looking for the best selection of Costumes for any occasion Then you have come to the right place. Choose this item made by the premier manufacturer for costumes props and theatrical wear. We supply ice shows circuses TV amusement parks Broadway and almost every major Hollywood movie studio with all their theatrical needs. From funny masks and accessories to unique life like mascot and animal costumes we have them all. Satisfaction Ensured. Print real dollar bills. Blank strips of paper fed into this printing press emerge as dollar bills of any denomination.

Money, Money, Money I $59.99 Money, Money, Money I - Giclee Print

Money, Money, Money II $59.99 Money, Money, Money II - Giclee Print

Money, Money, Money III $59.99 Money, Money, Money III - Giclee Print

Money, Money, Money IV $59.99 Money, Money, Money IV - Giclee Print

Money, Money, Money V $59.99 Money, Money, Money V - Giclee Print

Money, Money, Money VI $59.99 Money, Money, Money VI - Giclee Print