US Dollar vs Swedish Krona
USDSEK
Pricing is indicative. Past performance is not a reliable indicator of future results. Client sentiment is provided for general information only, is historical in nature and is not intended to provide any form of trading or investment advice - it must not form the basis of your trading or investment decisions.
Trading Conditions
ATP Margin
0.004
Contract Size Currency per 1 Lot Symbol
USD 100,000
Min/Max Trade Size (lots)
0.01 / 50
Schedule and Fees
Market Open
Monday 00:01 MT Server
Market Closed
Friday 23:58 MT Server
Trading Break
23:59 - 00:01 MT Server
3 Day Financing
Wednesday
Long & Short Position Overnight Fee
displayed on the trading platform
Upcoming Calendar Events
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FAQ
USDSEK is the currency pair symbol in the foreign exchange (forex) market, representing the exchange rate between the United States dollar (USD) and the Swedish krona (SEK). In this pair, the first currency (USD) is the base currency, and the second currency (SEK) is the quote currency. This means that the value of the USDSEK pair indicates how much Swedish krona (SEK) is needed to purchase one United States dollar (USD).
The Swedish krona (SEK) was adopted in 1873 as part of the Scandinavian Monetary Union, a monetary accord that included Norway and Denmark. This monetary union was in place until World War I. Following that, Sweden faced the prospect of joining the eurozone and adopting the euro as its official currency in later years. However, the majority of the Swedish people were strongly opposed to the currency transfer, wanting to keep the krona as their national currency. Sveriges Riksbank, Sweden's central bank, regulates the krona, which is widely regarded as a stable currency within the context of a robust European economy.
The US dollar is renowned as the world's most traded currency and is widely held by central banks and esteemed financial institutions. It serves as the official currency in several nations, including Ecuador and El Salvador, where its adoption has addressed currency stability concerns. Thanks to the stability and reliability of the US economy, the dollar is the preferred choice for international transactions and reserves. Its dominant role in global trade often makes it a benchmark for nations opting to fix or peg their currencies to the value of the US dollar.
