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What is the extension of exporters in foreign exchange swap transactions?
Foreign exchange swap transaction

The customer entrusts the bank to buy currency A and sell currency B, and decides to reverse the operation on another working day in the future, selling currency A and buying currency B with the same amount, so as to achieve the purpose of hedging, ensure fixed exchange costs and avoid exchange rate risks.

Extension is to renew the contract and postpone the transaction when the contract cannot be fulfilled at maturity.