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The Swedish Krona is the official currency of Sweden. It trades with the currency code SEK and is represented by the currency symbol of kr. The Swedish Krona was adopted as the county's official currency in 1873 when the country joined the Scandinavian Monetary Union with Norway and Denmark. Following the dissolution of the Union in 1914, at the start of World War I the currencies were separated, and Sweden kept its own respective krona. The exchange rate of the Swedish Krona against other currencies is largely dependent on the monetary policy of the country. Since 1992, a floating system of currency has been maintained, with the central bank (Riksbank) intervening when necessary to stabilize the krona's value.
The Swedish Krona is ranked as the eleventh most traded currency in the world. The most popular Swedish Krona exchange rate is Swedish Krona to Euro. Other currency pairs involving the currency include USDSEK, SEK/AUD, EURSEK, SEK/GBP, SEK/CAD, SEK/DKK, SEK/NOK and SEK/INR. The currency is issued in both coins and banknotes with banknotes denominations ranging between 20 and 1,000 krona, while the coins values lie between 1 and 10 krona. Though Sweden is a member of the European Union, it is opposed to adopting the Euro and opted to join ERM II, a precondition to adopting the Euro.
RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘General Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.
TRADE RESPONSIBLY: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.
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TTCM Traders Trust Capital Markets Limited (herein "TTCM CY") is a Cyprus Investment Firm incorporated under the laws of Cyprus, has its principal place of business at 3 Thalia Street, Office Number 310-318, 3rd Floor, 3011, Limassol, Cyprus and is registered with the Registrar of Companies in Nicosia under the number: HE 250591. TTCM Traders Trust Capital Markets Limited is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under the license number 107/09 and operates in accordance with the Markets in Financial Instruments Directive II (‘MiFID II’) of the European Union.
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