The country isn’t cheap, and people often skip it until they have more funds, but it’s never too soon to see Sweden. From the frozen lands up north to the rugged western coast to the picturesque islands in Stockholm, there is so much history in the country and the populace has preserved it wonderfully. With almost ten million locals, Sweden is a small but lovely country. Against the euro, since the single currency's introduction in 1999, EUR/SEK has traded between 8.02 and 11.79. The currency was strongest in April 2008 when USD/SEK fell to just 5.82. Since 1995, the krona’s lowest valuation against the US dollar came in July 2001 when USD/SEK reached 11.05. In a survey of public opinion by the University of Gothenburg in 2013, only 9% of Swedes were in favour of adopting the euro. ![]() In a national referendum in 2003, a majority of Swedish voters opposed adopting the euro as the nation’s currency and currently none of Sweden's major political parties are interested in revisiting the 'euro vs. Sweden retains the krona despite its membership of the European Union. The krona is, however, the world’s 9 th most traded currency, according to 2016 data from the Bank for International Settlements, and it contributes more to total foreign exchange market volume (around 2.2%) than does the New Zealand dollar (2%), which is considered an FX major. Ordinarily, the Swedish krona is not of regular interest to market commentators or journalists, unlike the FX 'majors' – the euro, US dollar, Australian dollar, Swiss franc etc.
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