The refraction of surface gravity waves by currents leads to spatial modulations in the wave field and, in particular, in the significant wave height. We examine this phenomenon in the case of waves scattered by a localised current feature, assuming (i) the smallness of the ratio between current velocity and wave group speed, and (ii) a swell-like, highly directional wave spectrum. We apply matched asymptotics to the equation governing the conservation of wave action in the four-dimensional position--wavenumber space. The resulting explicit formulas show that the modulations in wave action and significant wave height past the localised current are controlled by the vorticity of the current integrated along the primary direction of the swe...