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Essay / Research Paper Abstract
This 3-page paper discusses the forecast for Sweden and its place on the foreign currency exchange. Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: D0_MTsweexc.rtf
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Unformatted sample text from the term paper:
going. The currency of Sweden is the crown, or krona. Much like most of the world during the late 1990s and early
2000s, the krona has taken a beating on international markets. But thanks to some strong economic policy from Swedens central bank, the krona has recovered and is showing some signs
of stability. The krona is the eight most traded currency on a global basis, and it has had a trend, in recent years, of a high turnover in the foreign
exchange (FX) market - a trend that experts anticipate will continue (Anonymous, 2004). According to Statistics Sweden (2004), the most recent reading
of the Swedish crown was a high index one, as evidenced by the chart below:
TCW-index. 18 November 1992 = 100. Monthly averages
A high index value, according to the web site, means a weak Crown - and means that foreign currencies are more expensive to purchase with Swedish currency (Statistics Sweden, 2004).
Yet despite this, EU ViewsWire (2004) notes, in its most recent edition, that the exchange rate of the Swedish krona will likely
remain stable throughout 2004. Part of the reason why Swedens currency will likely remain stable is because the krona itself is considered
a "model of stability" (Anonymous, 2004, p. 6). This has been the case, especially as more and more foreign exchange markets have become more and more volatile. According to experts,
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