Trading ETH to SEK

The Ether to SEK pair includes the popular crypto and Swedish krona, one of the top traded currencies in the world which is also considered to be undervalued.

The Ethereum to SEK rate may move in a stable manner throughout a day and sometimes move up to 5 per cent. In contrast, during a given month, the Ethereum to Swedish Krona is more volatile with some breakouts.


What is Ethereum?

Ethereum was introduced in 2015 by a Russian-Canadian programmer Vitaly “Vitalik” Buterin. It is an open-source platform that utilises blockchain technology to create and execute distributed applications (DApps). Users can create or join so-called “smart contracts” directly without third parties, limiting the possibility for fraud.

Ethereum is commonly used as a name of the associated cryptocurrency but in fact Ethereum is the system or network while Ether or ETH is the native currency. Users need to have Ether when they want to execute a certain transaction through the system.


Some interesting facts about the ETH

  • The Ethereum project was successfully crowdfunded in the middle of 2014 when it raised more than $18m (£14m).
  • At the end of 2015 Ethereum’s price was slightly below $1 (£0.80), by mid-January 2018, it reached its current peak of $1,432 (£1,132).
  • Unlike some other cryptocurrencies, there is no maximum supply cap for Ether.
  • Ether can be created through “mining” – users receive a reward when they complete a mathematical task and verify transactions.
  • The Ethereum Alliance (EEA) is an organisation developed to enhance the future usability of Ethereum.
  • Most of the ICO (Initial Coin Offerings) are hosted on the Ethereum blockchain.


What affects Ethereum’s value?

The factors can be divided into two groups – the ETH related and those affecting the general cryptocurrency market.


Ethereum specific factors are:

  • The demand for ETH, which is not driven solely by trading activities.
  • The acceptance of the Ethereum system by more established financial institutions.
  • The increased adoption of smart contracts hosted on the Ethereum platform and the inflow of new users will increase the demand for ETH.
  • The degree of mining profitability.
  • Improvements in the Ethereum system in the future.


General factors related to the crypto world:

  • Changes in regulatory laws and regulations regarding the legality and usage of cryptocurrencies.
  • Potential market manipulation by large participants or so-called crypto whales.
  • Speculative trading – on June 22, 2017, a multi-million dollar market sell order crashed the ETH price from above $300 (£240) down to $0.10 (£0.08) in a couple of seconds, although the price did bounce back within minutes.  One trader reportedly made more than $1m, thanks to an automatic buy order set at $0.10 through which he purchased over 3,000 ETH.
  • The number of crypto channels where ETH is available for trading also affect its value.
  • The number and strength of ETH competitors.


What is the Swedish krona (SEK)?

Swedish krona is among the top traded currencies in the world and it is the monetary unit of Sweden. The krona was introduced as an official currency in Sweden with the formation of the Scandinavian Monetary Union in 1873. It is issued by the Swedish Central Bank or Sveriges Riksbank which also has the responsibility to maintain the stability of the official currency.


Which factors affect SEK’s value?

Different factors can affect the value of SEK and the ETH to SEK exchange rate.  One is the country’s monetary policy which maintains some of the lowest interest rates (at times even negative interest rates). It is stated that the undervaluation of the Swedish krona comes from the monetary policy and, as an undervalued currency, it can offer profitable trades in the future if the policy changes. 

Furthermore, Sweden is characterised as a small and open economy where trade is a crucial component in the economic development and changes in international trade levels can impact the SEK value. Thus, watch events such as the US/China trade war because they may have an adverse effect on international trade.

Moreover, it should be noted that the SEK movement is correlated with the movement of the NOK (Norwegian krone) and Danish krone (DKK). Hence, traders should monitor the movement in these currencies as they could potentially provide an insight into the ETH/SEK movements.


Why trade ETH to SEK with

  • Smooth trading

Open your account in just three minutes and instantly buy tokenised assets with ETH at better prices. Store your tokens privately and securely and transfer them with ease.

  • Crypto or fiat

Fund your account easily and withdraw fiat with your crypto wallet, credit card or bank transfer.

  • Cutting-edge charts and tools

Enjoy more than 70 technical indicators, great choice of drawing tools, advanced charts and real-time price alerts.

  • Power of leverage

Now you can do more with less. Start with just 0.002 ETH and use up to 100x leverage.

  • Trade safely

Protect your money with guaranteed stop-loss and take-profit orders. Never lose more than you put in.

iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
The Power Of Leverage
Trade in the big leagues with 100 Bitcoin for every 1 Bitcoin you put in

ETH/SEK price history

Date Close Change Change(%) Open High Low
Jul 4, 2022 10877.65 -173.05 -1.57% 11050.70 11072.83 10789.44
Jul 3, 2022 11051.32 -72.58 -0.65% 11123.90 11152.96 11004.51
Jul 1, 2022 10995.30 63.08 0.58% 10932.22 11351.36 10634.81
Jun 30, 2022 10932.22 -298.08 -2.65% 11230.30 11307.61 10261.64
Jun 29, 2022 11230.30 -360.20 -3.11% 11590.50 11711.71 11109.79
Jun 28, 2022 11590.38 -405.98 -3.38% 11996.36 12457.35 11519.60
Jun 27, 2022 11996.33 -102.75 -0.85% 12099.08 12484.28 11823.35
Jun 26, 2022 12099.28 -425.56 -3.40% 12524.84 12560.01 12074.49
Jun 24, 2022 12310.70 674.95 5.80% 11635.75 12580.21 11468.24
Jun 23, 2022 11635.73 1052.24 9.94% 10583.49 11713.82 10550.15
Jun 22, 2022 10583.49 -775.63 -6.83% 11359.12 11404.37 10525.99
Jun 21, 2022 11359.12 -33.38 -0.29% 11392.50 11988.39 11195.31
Jun 20, 2022 11392.59 -74.45 -0.65% 11467.04 11797.71 10683.86
Jun 19, 2022 11466.88 -53.99 -0.47% 11520.87 11662.35 11371.28
Jun 17, 2022 11098.17 274.52 2.54% 10823.65 11339.31 10637.16
Jun 16, 2022 10823.37 -1736.84 -13.83% 12560.21 12752.32 10659.76
Jun 15, 2022 12560.21 279.72 2.28% 12280.49 12667.39 10259.32
Jun 14, 2022 12279.63 -18.13 -0.15% 12297.76 12874.99 10940.06
Jun 13, 2022 12298.84 -2099.54 -14.58% 14398.38 14584.23 11867.53
Jun 12, 2022 14398.38 -326.22 -2.22% 14724.60 14828.13 14390.64