EUR/SEK

11.535975
0.39%

Daily
  • L. 11.46824
  • H. 11.54833
  • Ch. 0.04511
  • Ch.% 0.39%
Overview
Costs & Margins
  • The EUR/SEK is a forex pair consisting of the euro as the base currency and the Swedish krona as the quote currency, representing how many kronor equal one euro. The krona, which means crown in Swedish, was first issued in 1873. Despite being a part of the European Union since 1995, Sweden opted to keep the krona at the creation of the euro in 1999. SEK is correlated closely with other Nordic currencies like the Norwegian krone. Economic decisions impacting Sweden and other Scandinavian countries affect EUR/SEK, along with economic activity in the greater Eurozone. Compared to other European countries, the Swedish krona is considered a safe-haven currency because of the country’s well-educated workforce and successful multinational companies.

  • Margin From
    5 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    1
  • Long
    0
  • Short
    0
  • Min Stop Distance
    20 Points
  • Guaranteed Order Minimum
    100 Points
  • Spreads
  • Spreads From
    0.00294 Points
  • Margins
  • 0 - 6 100
    5 %
  • 6 100 - 20 000
    7 %
  • 20 000 +
    10 %
  • Dealing
  • Spreads
    0.00294 Points
  • Guaranteed Order Min Distance
    100 Points
  • Margins
  • 0 - 6 100
    5 %
  • 6 100 - 20 000
    7 %
  • 20 000 +
    10 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
11.48753
Bid
11.53387
Offer
11.53808
Distance
0
Last Updated: 3/27/2024 11:59:59 PM
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Forex explained

Why do people trade currencies?

People trade currencies for lots of different reasons. You’ve probably traded a currency if you’ve ever bought goods overseas, for example, or gone on a foreign holiday. However, the vast majority of FX trading is done for profit.

Currencies are constantly moving in value against each other. On any given day, the pound might be rising against the dollar, while the euro falls against the Swiss franc. Forex traders buy and sell currency pairs to try and take advantage of this volatility and earn a return.

For instance, if the Australian dollar is rising against the US dollar, you might buy AUD/USD. When you buy this pair, you’re buying Australian dollars (AUD) by selling the US dollar (USD). Then, if Australian dollars continue to outpace US dollars, you can sell the pair to exchange your AUD back for USD and keep the difference as profit.

Confused? See more examples of how FX trading works.

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Where is forex traded?

Forex is traded via a global network of banks in what’s known as an over-the-counter market – unlike shares and commodities, which are bought and sold on exchanges. Because of this, you can trade forex 24-hours a day five days a week.

FX trading is split across four main ‘hubs’ in London, Tokyo, New York and Sydney. When banks in one of these areas close, those in another open, which is what facilitates round-the-clock trading.

However, there’s no physical location where these banks and individuals trade with each other. Instead, it is entirely online.

Learn more about how to trade forex.

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When is the forex market open for trading?

The forex market is open for trading 24 hours a day, five days a week. That means with FX, you can build your trading strategy around your schedule, instead of having to conform to when a stock exchange is open.

However, there are times when the market is much more active, and times when it is comparatively dormant. To learn the best times to trade forex, read our FX market hours page.

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