Differences in scope of use: Exchange has a wider range of applications, while transactions have a smaller range of applications.

Conceptual difference: Most transactions refer to commercial sales. By paying, the buyer can obtain currency equivalent to the value of the commodity in order to obtain the use value or ownership of the commodity, and exchange can be considered as Exchange of goods.

In the production process of society, exchange is an indispensable part. It is also the bridge connecting production with the consumption and distribution determined by production. In the social production process, the breadth, depth, mode and nature of exchange all depend on the structure, nature and degree of development of production. For example, production based on private ownership of the means of production determines exchange, which is also a commodity exchange between private individuals. Exchange also has a negative impact on production, it can promote or hinder its development.

What does swap transaction mean?

A swap transaction is a swap transaction between bonds issued in the same currency and bonds issued in a different currency. Swap trading is the most representative innovation in the financial market after the birth of financial futures in the early 1970s. Swap transactions are constantly improving from quantity to quality, developing from quantity to quality, and even a swap trading market has emerged. In this kind of market, as long as the two parties propose a specific exchange condition, the other party can immediately accept the exchange condition. Through swap transactions, people can raise the required funds based on different interest rates, foreign exchange or capital market constraints at different times. Therefore, in a sense, the swap market is the best financing market. Swap transactions not only add a new means of hedging, but also open up a new world for market operations.