The currency pair is the Australian dollar to the Swedish krona.
The Australian dollar, also called the "aussie", is a typical commodity currency, as its price is influenced by the prices of minerals exported by Australia. The largest importer of iron ore, coal and other natural resources is China, the state of its economy also has an impact on the volume of exports and, accordingly, the rate of the Australian dollar.
Most of Sweden's GDP consists of taxes from companies and individuals. High tax collections are provided by a large number of global companies that are registered in Sweden or have significant production capacity. Sweden is a member of the European Union, but currently does not enter the euro area, evading it for formal reasons. At the same time, the euro is accepted as a means of payment, as well as the Swedish krona.
The AUD / SEK pair is built on the principle of direct quotation. The base currency is AUD - the Australian dollar, and quoted - SEK, the Swedish krona. The growth of the currency pair means strengthening of the Australian dollar against the Swedish krona, that is, to buy one AUD, more SEK is required. A decrease in the rate indicates the strengthening of SEK.
Using the current exchange rate chart, you can monitor the volatility of the currency pair in real time.
Australian dollar - (bank code: AUD) - the official currency of the Commonwealth of Australia, also has circulation on the islands of Christmas, Cocos Islands and Norfolk Island. In addition, AUD has circulation in the states: Kiribati, Nauru and Tuvalu. The issue of the Australian dollar, as well as the regulation of the Australian banking and monetary system is carried out by the Reserve Bank of Australia (RBA).
Swedish krone - (Bank code - SEK) is the official currency of the Kingdom of Sweden. The Swedish crown is issued by the central bank of Sweden (Sveriges Riksbank).
|Swap Short||Swap Long||Factor Short||Factor Long|
|By clicking "Continue" you will be redirected to the website operated by FIBO Group Holdings Limited, a company registered in Cyprus and regulated by CySEC. Please familiarize yourself with the Terms of Business through the link. Click "Cancel" to remain on this page.|