Convert EUR to SEK
The EUR/SEK currency pair experiences price action on the release of important economic data from the Eurozone and Sweden, including GDP, inflation, employment, industrial production, business confidence, retail sales and trade balance.
Any changes to the monetary policy or interest rates undertaken by the European Central Bank (ECB) and the Riksbank can also impact the value of the Euro and the Swedish krona respectively. For instance, if the ECB announces a rate cut or adopts a dovish stance in its monetary policy, it reduces investor confidence in the Eurozone economy and weakens the Euro.
This EUR/SEK forex pair experiences maximum volatility during the European session, when most of the market moving events related to this pair release. This currency pair sees most movement between 07:00 AM and 04:00 PM GMT.