USD vs SEK Spread Bets





Also see Live USDSEK chart below.



Where Can I Spread Bet on USDSEK?

Investors can spread bet on USDSEK by using an account with any of the following spread betting providers:

Financial Spreads ETX Capital Spreadex IG City Index
Dollar/Yen Daily Financial Spreads Dollar/Yen Daily ETX Capital Dollar/Yen Daily Spreadex Dollar/Yen Daily IG Dollar/Yen Daily City Index Dollar/Yen Daily
Euro/Dollar Daily Financial Spreads Euro/Dollar Daily ETX Capital Euro/Dollar Daily Spreadex Euro/Dollar Daily IG Euro/Dollar Daily City Index Euro/Dollar Daily
Euro/Sterling Daily Financial Spreads Euro/Sterling Daily ETX Capital Euro/Sterling Daily Spreadex Euro/Sterling Daily IG Euro/Sterling Daily City Index Euro/Sterling Daily
Sterling/Dollar Daily Financial Spreads Sterling/Dollar Daily ETX Capital Sterling/Dollar Daily Spreadex Sterling/Dollar Daily IG Sterling/Dollar Daily City Index Sterling/Dollar Daily
Sterling/Euro Daily Financial Spreads Sterling/Euro Daily ETX Capital Sterling/Euro Daily Spreadex Sterling/Euro Daily IG Sterling/Euro Daily City Index Sterling/Euro Daily
Other Forex Financial Spreads Other Forex ETX Capital Other Forex Spreadex Other Forex IG Other Forex City Index Other Forex
The above spread betting markets may also be available with other companies.


Live USDSEK Chart




Live USDSEK Chart




Where Can I Get Live Spread Betting Prices and Charts for USDSEK?

The simple chart above provides you with a helpful view of how the market is performing.

However, for investors that are financial spread betting on USDSEK, the above companies give users access to live prices as well as more sophisticated charts.

Typical chart from FinancialSpreads.com:

USD vs SEK Spread Bets - Example Chart



USDSEK Spread Betting Example

USD vs SEK Spread Bets
If you decided to spread bet on an FX pair such as USDSEK then, looking at a website like InterTrader.com, at the moment you would get a price of 6.80693 kr – 6.81193 kr.

Therefore, you could speculate on USDSEK to move higher than 6.81193 kr or to move lower than 6.80693 kr.

When spread betting, you trade on every unit the market moves up or down; specifically, for the USDSEK market a unit is 0.00010 kr of the FX pair’s price movement.

For example, let’s say you want to trade £1 for every 0.00010 kr USDSEK increases or decreases.


Spread Betting on the Market to Go Up

If you were to buy USDSEK at 6.81193 kr and the FX pair went up then the quote might become 6.82385 kr – 6.82885 kr. Assuming this was the case, you could close your trade at 6.82385 kr.

P&L = (settlement price of the market – opening price of the market) x stake per 0.00010 kr
P&L = (6.82385 kr – 6.81193 kr) x £1 per 0.00010 kr stake
P&L = 0.01192 kr x £1 per 0.00010 kr
P&L = £119.20 profit

However, if the FX pair had decreased to 6.80103 kr – 6.80603 kr, you might want to close your trade to prevent further losses. If so, you’d make a sell trade at 6.80103 kr.

Therefore, with the same £1 per 0.00010 kr stake:

P&L = (settlement price of the market – opening price of the market) x stake per 0.00010 kr
P&L = (6.80103 kr – 6.81193 kr) x £1 per 0.00010 kr stake
P&L = -0.01090 kr x £1 per 0.00010 kr
P&L = -£109.00 loss


Spread Betting on the Market to Go Down

One benefit of financial spread betting is that you can go short of the markets, i.e. speculate on the markets to go down.

To start with, the market was priced at 6.80693 kr – 6.81193 kr.

If you were to go short of USDSEK at 6.80693 kr and the FX pair went down then you might see the price move to 6.78823 kr – 6.79323 kr. In that case, you could close your position for a profit at 6.79323 kr.

P&L = (opening price of the market – settlement price of the market) x stake per 0.00010 kr
P&L = (6.80693 kr – 6.79323 kr) x £1 per 0.00010 kr stake
P&L = 0.01370 kr x £1 per 0.00010 kr
P&L = £137.00 profit

However, if the FX pair increased to 6.81445 kr – 6.81945 kr, you might decide to close your position to limit your losses. Therefore, you’d buy the market at 6.81945 kr.

You would do this with the same £1 per 0.00010 kr stake:

P&L = (opening price of the market – settlement price of the market) x stake per 0.00010 kr
P&L = (6.80693 kr – 6.81945 kr) x £1 per 0.00010 kr stake
P&L = -0.01252 kr x £1 per 0.00010 kr
P&L = -£125.20 loss


USDSEK Rolling Daily market quoted as of 25-Jul-14.

This is a Rolling Daily spread bet. This kind of market does not have a preset closing date and instead rolls over to the next session automatically. When a market rolls over you may be charged a small overnight financing fee or receive a small credit. For more, see guide to rolling daily charges.



USDSEK Demo Accounts

So what if you want to try things out first? The companies detailed below provide free test accounts, i.e. accounts where you can see how spread betting works on USDSEK without risking your money.



User Questions and Answers on USDSEK

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