bdavi77962

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Let's say its a currency swap. All you do is value each bond in their respective currencies. If one or both are fixed rate, you value them like normal bonds. If one or both are floating, you use the floating method above. Then you take the value of one of the bonds, multiply it by the exchange rate, and subtract.
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Yes but be careful not to forget to set the notional to be equivalent to original. So, if you come up with 1.25 euros as the price with the initial exchange rate at $0.89/euro, you cannot just convert the 1.25 euros using current exchange rate. What's your equivalent notional?