AUD/SEK
AUD/SEK
6.8291
High: 6.8291
Low: 6.8291
Market Mood
The ratio of the number of bought and sold lots based on the trading volume
The data is updated every 10 minutes
Trader`s mood
The ratio of the number of buy and sell deals, excluding their volume
The data is updated every 10 minutes
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).
FAQ
- How to trade Forex AUD/SEK?
Various cryptocurrency exchanges enable you to purchase AUD/SEK . However, you must create an account, provide identification, and link a payment method such as a bank account or credit card to utilize these exchanges. Alternatively, you can use peer-to-peer marketplaces, which allow you to purchase AUD/SEK directly from other buyers and sellers using different payment methods
- Which platform is better to trade?
Multiple forex trading platforms are widely used. The most prevalent ones are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which have established themselves as the industry norm. Additionally, Ctrader enables you to trade directly with global banks, create trading advisors with ease, and copy trades.
- What is the forex trend AUD/SEK?
When trading the AUD/SEK, it is essential to keep an eye on the exchange rates, which can be monitored through charts and other analytical tools. As with any currency, the AUD/SEK can be subject to fluctuations in value, making it important for traders to stay informed about the latest market news and trends.