In China, the foreign exchange swap market is called "swap foreign exchange market", which is the most primitive foreign exchange market for enterprises and institutions to trade and borrow from each other outside the official market. On June 5438+0980+ 10, Bank of China started foreign exchange adjustment and loan business, allowing retained units to sell or lend idle foreign exchange to units that need foreign exchange at the price stipulated by the state, thus realizing the adjustment of surplus and deficiency. Its appearance has played a great role in the development of our national economy.