Euro vs. Sweden Krona •EURSEK•

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EURSEK

EURSEK is the Forex quote for the Euro versus the Swedish krona. Although Sweden is a member of the European Union, it has remained opposed to adopting the Euro and opted to join ERM II, a precondition that allows it maintain its 230-year-old krone (crown). EURSEK is one of the most popular Sweden Krona exchange rates. A huge fraction of Sweden's trade is with the Eurozone, with their top trading partners being Norway and Germany. Since Sweden is heavily dependent on the EU for trade, any instability in the euro as a result of problems in its constituent nations may offer a profitable differential. The pair remains somewhat volatile due to the slowdown/recession in the Eurozone.

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