Euro / Swedish Krona Currency Futures

Category: Forex Futures / G10 Currency Futures

About Euro / Swedish Krona Currency Futures

Euro / Swedish Krona Currency Futures contracts have been developed to track the exchange rate between the Euro and the Swedish Krona. A Euro / Swedish Krona Currency Futures contract gives the holder the right to exchange Euros for Swedish Krona in the future at an exchange rate that was fixed on the date when the Euros were purchased.

Euro / Swedish Krona Currency Futures belongs to the group of the "G10 Currency" from the "Forex" category.

One Euro / Swedish Krona Currency Futures contract covers 125,000 Euros with a minimum price increment (minimum price fluctuation) of 0.0005 per EUR. Thus, a Euro increment is equivalent to 62.5 in Swedish Krona. For example, if a currency futures trader buys one EUR/SEK futures contract during the day at an exchange rate of 9.719 Swedish Krona per EUR and the exchange rate goes up to 9.725 Swedish Krona per EUR (60 units up) by the end of the day, the profit from closing the position and selling the previously bought future contract would be 60 x 62.5 = 3750 Swedish Krona. In the same example, 10 futures contracts would deliver 37,500 Swedish Krona profit. However, if the EUR/SEK exchange rate dropped down by 60 units, the same futures buyer would suffer a 37,500 Swedish Krona loss on 10 EUR/SEK futures contracts.

Euro / Swedish Krona Currency Futures are traded on the Chicago Merchandise Exchange (CME) under the ESK symbol (ticker).