Swedish Krona
Sweden is one of seven EU member states that don’t use the euro. Its currency is the krona (SEK).
Founded in 1668, Sweden’s central bank — the Sveriges Riksbank — is the oldest of the countries we cover. It also has the third-oldest population of the countries whose currencies we offer.
Sweden had historically been a net exporter through the mid-2010s. Since then, its balance of trade has been closer to zero. Its main exports are cars, refined oil and medicines.
About Sweden
GDP1
$610
Billion
USD
Major Exports2
Cars
Refined Oil
Medicine
Major Export Partners2
Germany
U.S.
Norway
Budget Deficit3
0.7%
Trade Flows4
-23.6
Billion
SEK
Pros and Cons of the Swedish Krona
- Backed by a highly stable, innovative economy5
- Independent and credible central bank6
- Solid fiscal position7
- Persistent long-term weakness8
- Sensitive to global risk sentiment9
- Lower liquidity compared with major currencies9
1. https://tradingeconomics.com/country-list/gdp?continent=world
2. https://tradingeconomics.com/country-list/exports;
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://www.oecd.org/economy/sweden-economic-snapshot/
6. https://www.riksbank.se/en-gb/monetary-policy/
7. https://www.government.se/government-of-sweden/ministry-of-finance/central-government-budget/the-fiscal-policy-framework/
8. https://www.imf.org/en/Countries/SWE
9. https://www.bis.org/statistics/rpfx22_fx.htm
It’s as easy as open, fund, trade.
Open a Global Markets Portfolio
Start a Global Markets Portfolio with a Cash Account
Fund your account
Use your Cash Account as your funding source
Trade
Use your Global Markets Portfolio to buy or sell over 20 global currencies
How to Buy the Swedish Krona
Currency CD
Term
APY
3 Month
0.10%
6 Month
0.10%
9 Month
0.10%
12 Month
0.10%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
How to Open An Account
Buying and selling foreign currencies begin with a Global Markets High Yield Cash Account, which serves as the funding account for your currency transactions. Once it’s open, you will automatically receive a Global Markets Portfolio. This Portfolio will allow you to buy and sell any of the 20 foreign currencies available.
Global Markets
High Yield Cash Account
The High Yield Cash Account with Global Markets access delivers the typical features of a checking account but adds high yields for every dollar in your account.
On top of that, it serves as the launchpad to funding your precious metals and foreign currency transactions as well as access to all Global Markets Products.
- Use as the funding account for precious metals and foreign currency transactions
- ACH transfers to/from external accounts
- Free online bill pay
- Debit card with $30/month of ATM fee reimbursement if charged (Coming Soon)
- 1st order of checks complimentary
- $5 monthly fee waived, no minimum balance required
Currency Deposit
- $2,500 minimum initial trade per currency
- After initial trade, no minimum trade amount required
Currency CD
- $10,000 minimum initial trade per Currency CD
- After initial trade, no minimum trade amount required
Available Currencies
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