USD/SEK

10.30104
0.32%
Daily
  • L. 10.25724
  • H. 10.31342
  • Ch. 0.03331
  • Ch.% 0.32%
Overview
Costs & Margins
  • USD/SEK is an exotic forex pair representing how many Swedish krona equal one US dollar. The krona, which means crown in Swedish, and its rate are largely guided by policy from the country’s central bank.

    The krona has had a floating exchange rate and is closely correlated with the Danish and Norwegian kroner. Like Denmark and Norway, Sweden is in the European Union but uses its own currency. This means USD/SEK is inversely correlated to EUR/USD.

    The US dollar, meanwhile, is influenced by a confluence of factors including GDP, inflation, global trade, and the country’s involvement in geopolitical factors.

  • Margin From
    3.0 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    1000
  • Long
    0.35
  • Short
    -0.76
  • Min Stop Distance
    0.003 points
  • Spreads
  • Spreads From
    0.00268 Points
  • Margins
  • 0 - 5000 000
    3.0 %
  • 5000 000 - 10000 000
    3.0 %
  • 10000 000 - 20000 000
    5.0 %
  • 20000 000 - 25000 000
    10.0 %
  • 25000 000 +
    30.0 %
  • Dealing
  • Spreads
    0.00268 Points
  • Margins
  • 0 - 5000 000
    3.0 %
  • 5000 000 - 10000 000
    3.0 %
  • 10000 000 - 20000 000
    5.0 %
  • 20000 000 - 25000 000
    10.0 %
  • 25000 000 +
    30.0 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
10.21965
Bid
10.22155
Offer
10.22853
Distance
0
Last Updated: 1/24/2023 10:00:00 PM

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Forex is the process by which traders can buy one currency and simultaneously sell another, with the goal to profit from the direction price is likely to take in the future. With a daily trading volume of more than $6.5 trillion, the forex market is the most traded in the world, and is open 24 hours a day, 5 days a week for banks, institutions and individuals worldwide.

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In order to trade forex, there are a few key steps to follow. First, you need to select a currency pair. Many traders choose a major pair such as EUR/USD due to high liquidity. Next, analyzing the market is key to understanding the technical and fundamental drivers that may affect price. Once you understand how to read the quote, it's time to open your position by going long or short.

You'll need to monitor your trade, with many traders using technical indicators to make better sense of price action, and features such as stops and limits to manage risk. Finally, you can close your position when the market hits a price at which you want to exit.

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