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Currency Swap Cash Flow Calculator

Work out currency swap cash flow instantly with clear inputs, formula shown and shareable results.

About Currency Swap Cash Flow Calculator

A currency swap exchanges principal at spot and then interest on each leg in its own currency. The net flow depends on the interest differential, and the principal re-exchange at maturity carries the exchange rate exposure.

Formula

Currency swap flows

Foreign notional = domestic / spot; net flow = domestic interest - foreign interest × spot

Worked example

With the default values below, Currency Swap Cash Flow Calculator returns Net Annual Cash Flow of $19,200,000.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Domestic Notionalminimum 0
800,000,000
Spot Exchange Rateaccepts 0–100,000
83
Domestic Interest Rateaccepts 0–100 %
7.2 %
Foreign Interest Rateaccepts 0–100 %
4.8 %

Results

Net Annual Cash Flow
$19,200,000.00
Domestic Leg Interest
$57,600,000.00
Foreign Leg Interest In Foreign Currency
$462,650.60
Foreign Currency Notional
$9,638,554.22

Step by step

  1. 1Values used
  2. 2Currency swap flows
  3. 3Net Annual Cash Flow= 19,200,000.00
  4. 4Domestic Leg Interest= 57,600,000.00
  5. 5Foreign Leg Interest In Foreign Currency= 462,650.60
  6. 6Foreign Currency Notional= 9,638,554.22

Assumptions and limits

  • The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
  • In particular, this calculator does not take inflation, tax, fees or charges or compounding frequency into account.
  • Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
  • Figures are estimates based on the inputs given. Bank charges, regulatory minima and market rates change and differ between institutions and jurisdictions. This is not financial advice — confirm with your bank or treasury policy.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Figures are estimates based on the inputs given. Bank charges, regulatory minima and market rates change and differ between institutions and jurisdictions. This is not financial advice — confirm with your bank or treasury policy.

Frequently Asked Questions

Where does the currency risk sit?

In the principal re-exchange and in translating the foreign interest leg — the swap does not remove it, it relocates it.

Why use a currency swap?

To borrow where funding is cheapest and swap into the currency actually needed, often at a lower all-in cost.

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