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Basic Question 1 of 2
The main source(s) of risk with currency swaps is (are) ______.
II. exchange rate risk
III. liquidity risk
IV. credit risk
I. interest rate risk
II. exchange rate risk
III. liquidity risk
IV. credit risk
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.

Andrea Schildbach
Learning Outcome Statements
describe how currency swaps are priced, and calculate and interpret their no-arbitrage value;
CFA® 2025 Level II Curriculum, Volume 5, Module 31.