The foreign exchange market in Sweden is definitely one of the major players when it comes to international foreign exchange market. The currency of the Sweden, the Swedish Krona, is the 8th most traded currency in all leading forex markets around the globe.
According to a recent study, conducted on the foreign exchange market during 2010, the Swedish krona actually contributes 2.3% share of the total transactions made daily on the forex exchange market and in the global financial market as a whole.
The average daily transaction amounts of the Swedish foreign exchange market is estimated to 2.5$ US trillions, which makes the market the largest financial market in the world.
Ever since 1992, November, the Swedish Government has taken up the monetary policies of float regime which is being managed up to this day. The currency exchange rate of the krona depends mainly on the monetary policies which are performed by the government. The central bank of Sweden is Sveriges Riskbank and it is regulating the forex market of Sweden and controls the monetary flow of the nation.
Top Brokers in Sweden
The exchange rate of the currency also depends on the amount at which the currency is being traded on the forex market, plus you have to take under consideration the supply of that currency as well.
All this, combined with the economic policies and regulations which are being controlled by the Central Bank make Sweden one of the most preferred countries when it comes to forex trading. If you have studied economy, then you should know that the more the current demand for a currency in a certain foreign exchange market is and the less the supply of the currency in circulation is, the more valuable it gets in the forex market.
This is why over the years the Swedish krona has been one of the most popular trading currencies in the world and it keeps gaining more popularity because many new traders start paying attention to it.
As a whole the Swedish market is really attractive for beginners and traders who don’t have any experience at all, simply because the regulations are good and the inflation rate is really low. You can try it, if you want. Below we will post a list of forex brokers that you can use in Sweden.