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Euro / Swedish Krona (EUR/SEK)

Monitor Euro (EUR) against Swedish Krona (SEK). Get the latest market trends and forex trading insights with FP Markets Saudi Arabia.
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Euro / Swedish Krona (EUR/SEK) Profile

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.

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.

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Euro / Swedish Krona (EUR/SEK) Trading FAQ

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.

According to Trading Economics global macro models and analysts' estimates, the Swedish Krona is predicted to trade at $9.21 by the end of the current third. In the next year, we expect it to trade at $9.41.

As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as EUR/SEK. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully regulated broker that offers all types of platforms and accounts, to suit every need.

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