Why is Sweden Facing a Currency Crisis?
Sweden is not really a country that comes to find when one talks about finance or currency trading. The Swedish Krona is a relatively small and insignificant player in the global market. Trading in Swedish Krona accounts for less than 2% of the global currency trades. However, the Krona is what many call a counter currency. This means that the Krona moves in the opposite direction to the world in general and Eurozone in particular. When the Eurozone currencies become stronger, the Krona becomes weaker and vice versa.
This year has been the worst year for the Swedish Krona is the past two decades. Amongst the major currencies, it has been the clear loser with the worst performance. In this article, we will look at some of the factors which have resulted in the downfall of the Swedish Krona.
Causes of Currency Crisis
Effects of the Currency Crisis
The bottom line is that there are mixed reactions on the downfall of the Krona. Some are perceiving at as a positive event whereas others are perceiving it as a negative event.
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