Currency pair Swiss franc - Swedish krona (CHF / SEK) is a pair of two stable European economies.
Switzerland is in the second ten countries in terms of industrial production and the top ten in terms of income per capita. About a third of the products are exported. High quality products provide good demand and, as a result, a stable high positive trade balance. Switzerland hosts the headquarters of a number of global pharmaceutical and chemical corporations. Its contribution to GDP is made by manufacturers of luxury goods, including watches.
The CHF / SEK currency pair is built on the principle of direct quotation. The base currency is CHF - Swiss franc, and quoted - SEK, Swedish krona. The appreciation of the currency pair means the strengthening of the Swiss franc against the Swedish krona, that is, more than SEK is required to purchase one CHF. A decrease in the rate indicates the strengthening of SEK.
Using the current exchange rate chart, you can monitor the volatility of a currency pair in real time.
The Swiss franc (bank code CHF) is the official currency of the Swiss Confederation and the Principality of Liechtenstein. Traders usually call it "Swissie", by the way in Europe it is the only remaining franc.
In Switzerland, there are four official languages, which affected the writing of the currency name on banknotes: Franken (in German), franc (in French and Romansh), franco (in Italian).
The issuer of the currency is the Swiss National Bank (Schweizerische National bank, Banque Nationale Suisse, Banca Naziunala Svizra, Banca Nazionale Svizzera), it also conducts monetary and exchange policies that serve the interests of the country.
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, avoiding it for formal reasons. At the same time, the euro is accepted as a means of payment, as well as the Swedish krone.
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).
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