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KRWSEK

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
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  • Previous Close
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  • 52 Week Change
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  • Day Range
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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  • EPS
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About

KRWSEK.FOREX refers to the exchange rate between the South Korean Won (KRW) and the Swedish Krona (SEK) in the foreign exchange (FOREX) market. It represents the price of one currency in terms of the other. Specifically, it indicates how many Swedish Krona (SEK) are needed to purchase one South Korean Won (KRW). This exchange rate fluctuates constantly based on various economic factors, including interest rates, inflation, political stability, and overall market sentiment in both South Korea and Sweden. Forex traders use this symbol to buy or sell these currencies, aiming to profit from anticipated changes in the KRWSEK exchange rate.
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Factors

Korean Won interest rates relative to Swedish Krona interest rates is a key driver. Higher KRW rates tend to strengthen KRW against SEK.

South Korea's economic performance versus Sweden's. Stronger Korean economic growth generally supports the KRW.

Global risk sentiment plays a role. During risk-off periods, investors often favor safe-haven currencies like SEK.

Changes in the price of commodities, especially those important to South Korea's exports, affect KRW.

Monetary policy decisions by the Bank of Korea and the Riksbank influence currency valuations.

Geopolitical events related to North Korea can impact investor confidence in KRW.

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