Finally a diversification portfolio that reduce the exchange rate risk.
On this page i will present my currency distribution portfolio displayed on a circle chart. .
For the reason that Iam living my life in Sweden I want my main dividend currency always be in SEK.
The Swedish krona ISO code SEK and currency sign kr is sometimes referred to as the Swedish crown.
It was the ninth most traded currency in the world by value in april 2016.
Do you think Sweden due to they are in EU, should have their currency turned into EURO? Vote below. I vote for staying with SEK.
Currency diversification definition: Using more than one currency as an investing or financing strategy. Exposure to a diversified currency portfolio typically entails less exchange rate risk than if all the portfolio exposure were in a single foreign currency.
On 2005 new series of Swedish money was introduced:
On 6 April 2011, the Riksbank announced the names of the persons whose portraits would decorate the new series of banknotes that would be introduced in 2015. This would also include a new 200-krona banknote. These are:
- Astrid Lindgren on the 20-krona banknote; Purple
- Evert Taube on the 50-krona banknote; Orange
- Greta Garbo on the 100-krona banknote; Blue
- Ingmar Bergman on the 200-krona banknote; Green
- Birgit Nilsson on the 500-krona banknote; Red
- Dag Hammarskjöld on the 1,000-krona banknote; Brown.
Sweden is required to join the eurozone acording to a treaty they sign when joing the european union and therefore must convert to the euro currency. Therefore once the convergence criteria* are met the transfer of currency can take place. On 14 September 2003, a referendum was held on the euro, in which 56% of voters were opposed to the adoption of the currency. By simply not joining the exchange rate, the Swedish government is provided a formal loophole avoiding the theoretical requirement of adopting the euro.
Also some of Sweden’s major parties continue to believe it would be in the national interest to join. But in contrast to other nation non of the Swedish parties have be able to really raise the question again. As a result to the low interest of changing currency there was an agreement among the parties not to discuss the issue. Not before the it gained more popularity from the Swedish people.*Euro convergence criteria.
*Most noteworthy the euro convergence criteria (also known as the Maastricht criteria) are the criteria which European Union member states consequently are required to meet. If they want to enter the third stage of the Economic and Monetary Union (EMU) and therefore adopt the euro as their currency.
Last update: August 18th 2018.