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Revision as of 14:28, 6 June 2009
Abbreviation for synthetic agreement for forward exchange. A type of forward currency exchange rate agreement designed to provide a currency hedge over a specific forward period. Equivalent to a forward period currency swap without an exchange of principal.
See also: ERA, FXA
Also an abbreviation for State Administration for Foreign Exchange, responsible for China's foreign exchange reserves of nearly two trillion dollars.
See also: http://www.safe.gov.cn/model_safe_en/index.jsp