The relationship between swap forward and swap point is that the former focuses on hedging and the latter focuses on arbitrage. Forward swap refers to a swap contract that combines two swaps with different maturities to meet the special investment term requirements of investors. The swap point refers to the currency that is bought (sold) at the spot exchange rate and then sold (repurchased) at the agreed exchange rate after maturity. The difference between the agreed price and the spot price is the exchange point. Between the two, the former focuses on hedging, while the latter focuses on arbitrage.