Convert EUR to SEK - Euro to Swedish krona Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE EUR/SEK EXCHANGE RATE
The EUR/SEK symbol represents the currency pair trading the Euro against the Swedish Krona. This cross currency pair consists of two currencies that enjoy a close correlation with each other, as Sweden is a part of the Eurozone and shares geographical and economic proximity to other EU member nations as well. Hence, any developments that affect the Eurozone economy impact both the EUR as well as the SEK.The Euro, or the common currency, is the second most traded currency in the forex market and is also considered a reserve currency due to the economic stability of the Eurozone. It is the official currency in use across 19 of the 28 member nations that form a part of the European Union.The Swedish krona is the official currency in use across Sweden and, in terms of value, is among the most exchanged currencies in the global forex market. The SEK is the 11th most traded currency worldwide, and is mostly traded against the Euro, making it the most popular SEK forex pairing traded in the forex market. The SEK is regulated by the Swedish central bank, Riskbank, while the Euro is overseen by the European Central Bank (ECB).
EUR to SEK CONVERSION RATES
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EUR to SEK CHARTS
EUR/SEK Live Chart
EUR/SEK Historical Chart
EUR to SEK EXCHANGE RATE - FAQ
How do economic events impact the exchange rate of EUR/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.

How do central bank decisions affect the value of the EUR and the SEK?

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.

What is a good time to trade EUR/SEK?

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.