Abstract:New development has happened to the central bank's monetary exchange with other countries in recent years. These currency swaps have strategic significance to the development of our economy. Bilateral currency swaps can not only eliminate the risks of the exchange rate, but also can strengthen the cooperation of trade and investment between countries, and promote the growth of national economy. At the same time, with the increase of RMB turn volume outside, currency swap brings a good opportunity to RMB internationalization development.