You base the surcharge on what the swap costs. The cost of the swap takes into a...

		Kadin on Dec 16, 2014 \| parent \| context \| favorite \| on: Apple Stops Online Sales in Russia Over Ruble Fluc... You base the surcharge on what the swap costs. The cost of the swap takes into account the market's idea of what the ruble is going to do vs. the dollar. Basically, you make the customer buy insurance against the ruble losing value against the dollar. It's like charging a subprime borrower PMI.

But you still need to find someone willing to sell you (enough of) the swaps in question. And that may not be easy.