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Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Your capital is at risk.

Regulator:

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CySEC

Skilling Ltd, is regulated by the Cyprus Securities and Exchange Commission (CySEC) under CIF license No. 357/18

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FSA

Skilling (Seychelles) Ltd, is authorized and regulated by the Financial Services Authority (FSA) under license No. SD042

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Trade [[data.name]]

Access hundreds of daily opportunities in the currency markets.

[[ data.name ]]

[[ data.ticker ]]

[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

Low: [[ data.low ]]

High: [[ data.high ]]

About

History

Differences between Investing vs Trading

About

History

Differences between Investing vs Trading

The Swedish Krona (SEK) was introduced in 1873. It replaced the Riksdaler at par, which meant 1 Krona was worth 1 Riksdaler. The decision to introduce a new currency was prompted by the Scandinavian Monetary Union with Norway and Denmark. Each country had its own Krona and, as per the union, the value was linked to the gold standard.

However, the union ended following the outbreak of World War I. Sweden subsequently abandoned the gold standard in 1914, leaving it with no fixed exchange rate. By 2003, Sweden was faced with the prospect of using the Euro on the basis it’s part of the European Union. However, Swedish voters rejected the idea, and a loophole allowed Sweden to retain the Krona.

The Great British Pound (GBP) is the UK’s official currency and has been for more than 300 years. All GBP is issued by the Bank of England and, since 1971, decimal denominations have been used, with 1 GBP being divided into 100 pence. Like Sweden, the UK rejected the Euro in 1999 and, today, GBP is among the most traded currencies in the world. As such, Kronas to Pounds (GBP/SEK) forex pair is an active forex market.

GBP/SEK isn’t among the top 20 most-traded currency pairs. However, the Kronas to Pounds (GBP/SEK) history shows that this has been a relatively stable pair. Looking at Kronas to Pounds (GBP/SEK) price data from the Bank of England, the exchange rate in January 1975 was 9.53 SEK to 1 GBP. September 2021 saw the Kronas to Pounds (GBP/SEK) exchange rate peak at 15.5 SEK to GBP. As of September 2022, the Kronas to Pounds price was 12.4:1, which is a 30% increase from the exchange rate in 1975.

Trading and investing are different. Investing is the act of buying an underlying asset and taking ownership of it. For example, you can buy stock in a company. This gives you a direct stake in the company’s financial fortunes. You can’t do this with forex. What you can do, however, is trade currency pairs. This means you can trade GBP/SEK price movements.

You don’t technically own the underlying asset, but you are able to speculate on the GBP/SEK price increasing or decreasing. You can do this by taking long or short positions. Long positions are when you speculate on the price increasing in value. Short positions are when you speculate on the price decreasing in value. As such, when you trade Kronas to Pounds (GBP/SEK) price movements, there is a certain amount of flexibility. In forex, a market known for its volatility, this flexibility can be useful.

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Swap long [[ data.swapLong ]] points
Swap short [[ data.swapShort ]] points
Spread min [[ data.stats.minSpread ]]
Spread avg [[ data.stats.avgSpread ]]
Min contract size [[ data.minVolume ]]
Min step size [[ data.stepVolume ]]
Commission and Swap Commission and Swap
Leverage Leverage
Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

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Trade [[data.name]] with Skilling

Hassle-free, with flexible trade sizes, and super low spreads!

  • Trade 24/5
  • Spreads starting at 0.2!
  • Average Execution at 5ms
  • Easy to use platform

*Other fees may apply.

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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.

Forex
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Capitalise on rising prices (go long)

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Capitalise on falling prices (go short)

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Trade with leverage

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Trade on volatility

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Enjoy huge liquidity

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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