EUR/SEK

EUR/SEK CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Euro against the Swedish Krona.  

The Euro, issued by the Eurozone, is one of the world's major currencies. Its value is influenced by the economic performance of the Eurozone countries, monetary policy set by the European Central Bank (ECB), and overall global economic conditions.  

The Swedish Krona, issued in Sweden, is influenced by the economic performance of Sweden, which has strong trade relationships with the Eurozone.

The Riksbank's (Sweden's central bank) monetary policy also plays a significant role in the Krona's value. The EUR/SEK currency pair will be influenced by the relative economic performance and monetary policies of the Eurozone and Sweden.