Generally speaking, foreign exchange swap is a transaction within 1 year, and there are transactions for more than one year. The term of RMB-USD foreign exchange swap in China Foreign Exchange Trading Center is generally: O/N, T/N, S/N, 1W, 2W, 3W, 1M, 2 M, 3 M, 4 M, 5 M, 6 M, 9 M, 1Y,/.