EUR/SEK

EUR/SEK

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History of Swedish Krona

In 1873, the Swedish Krona was created, replacing the Riksdaler at par. The currency was launched as part of the Scandinavian Monetary Union, which included Norway and Denmark and lasted until World War I. Sweden abandoned the gold standard on August 2, 1914, and the union came to an end without a fixed exchange rate.

History of the Euro

To begin with, the euro was only used for accounting and electronic payments for the first three years after its launch on January 1, 1999, after a decade of preparations. On January 1, 2002, the European Union's 12 member countries went through the largest-ever shift in currency.

EUR/SEK Forex Chart
Instrument: EUR/SEK
Spread: Floating
Leverage: 1:20
Margin: 5.00%
Minimum Nominal Trade Size: 1000
Overnight Interest (daily) Sell: -36,94 %
Overnight Interest (daily) Buy: -12,29 %
Trading Hours (GMT): 24/5
MT5 / MT4 Symbol: EUR/SEK

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EUR/SEK Trading FAQs

The Euro is still under pressure, but Sweden has been able to maintain steady economic development since the end of World War II. The country's inflation rate is at around 4%, which is very consistent.... Swedish currency investors will be pleased to hear this news, and it appears to be a good opportunity to invest in the Swedish krona.

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