# Swap Rate
The Market module also allows you determine the result from a swap operation without actually executing the swap. To simulate a swap operation, run:
terracli query market swap <offer_coin> <ask_denom>
offer_coin is the coin to be traded and
ask_denom the denomination to be swapped into.
# Terra Pool Delta
To get the current value of the Terra Pool Delta:
terracli query market terra-pool-delta
To get the market module's parameters:
terracli query market params
All currencies in the Terra ecosystem can be directly swapped into another at the effective oracle exchange rate. To swap one currency for another, run:
terracli tx market swap \ <offer_coin> \ <ask_denom> \ --from mykey \
offer_coin: coin to be traded, e.g.
ask_denom: denomination of the coin to be swapped into.
For Terra<>Luna swaps, Constant-Product spread pricing model is enforced to limit consensus-related attack vectors. Terra<>Terra swaps have a constant Tobin Tax.
# Swap Send
You can specify optionally specify a recipient during a swap and perform a swap and send in one transaction.
terracli tx market swap \ <offer_coin> \ <ask_denom> \ <recipient> --from mykey \