Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Rejection of quarantine
Economy

The rejection of quarantine in Sweden led to the strengthening of the national currency

08.03.2021
2 min read

How the rejection of quarantine has played into the hands of the Swedish economy

With the emergence of the coronavirus pandemic, many countries have introduced quarantine measures to reduce the rate of spread and the number of people infected. But there were other countries that decided to take a different path – not to introduce quarantine or use gentle restrictive measures. Sweden is one of the latter. And while other countries’ economies are still unable to fully recover from the shock, quarantine has had a positive impact on market development.
First of all, it manifests itself in the strengthening of the national currency. According to information from the European Central Bank, over the past 3 months, the Swedish krona rate to the euro is steadily going up. During this period, the currency has risen from 11.2 kronor for 1 euro to 10.4 kronor for 1 euro. And such dynamics was observed even during the pandemic, when many currencies, on the contrary, lost in price.
It should be noted that Sweden was against strict quarantine from the very beginning. The government did not impose any restrictions on travel abroad, did not prohibit access to the street. The country also did not stop working in public places. And the lack of these measures led to a large number of cases, but even this fact did not change the strategy of the Swiss authorities. Their actions were explained by the fact that they did not want to slow down the development of the economy and reduce its competitiveness in the world market.

Rejection of quarantine

In March, at the beginning of the pandemic, a fall of the crown was recorded on stock exchanges. The reason for this is the general mood of investors and their fears about the sustainability of the medical sector in the country. However, when they saw that the situation was under control, investments in the Swedish economy began to increase, and the national currency – to strengthen.
The state’s central bank has introduced a quantitative easing program over the past few months, with analogues being implemented in various EU countries. Its essence is that the regulator buys government bonds from commercial financial institutions. This leads to an increase in their value, but a decrease in the yield, the index of which affects the characteristics of future issues of securities. These actions allow banks to increase liquidity and provide further credit to the local economy. Recently, the Swedish Central Bank has increased its funding to €47.7 billion from €28.6 billion in the past.
These measures include weakening the national currency to keep interest rates at current levels and reduce investment in kroons. However, the currency continues to grow despite the actions of the regulator.

Tags: Global Economy
0
Previous Post Leslie Wexner: the secret to the success of the Victoria's Secret brand owner Next Post Perpetual bonds from the Russian Post: why do you need to issue bonds?

You Might Also Like

growth of trade turnover China
Economy
The growth of trade turnover between Russia and China has reached record levels
01.02.2022
GDP of African countries
Economy
African GDP was able to withstand the coronavirus pandemic
18.03.2021
Germany_Berlin
Economy
How Russian-German cooperation on energy issues is carried out
29.09.2021
the annual report of the Central Bank
Economy
Annual report of the Central Bank: state of reserves and forecast for the future
16.07.2020
U.S. budget deficit to reach record highs
Economy
The U.S. budget deficit: a forecast from the Congressional Budget Office
03.11.2021
El Salvador
Economy
El Salvador has made bitcoin the state currency: what it means for the country
12.05.2022

Recent Posts

  • 1Apple Search
    Apple Corporation is working on its own search engine, Apple Search
    28.01.2023
  • 2Tom Ford brand
    Estee Lauder made a deal to buy the fashion brand Tom Ford
    27.01.2023
  • 3Golden Visa
    The Golden Visa program has brought Portugal more than 6 billion euros during its existence
    26.01.2023
  • 4Michael Steinhardt
    Michael Steinhardt: the story of a prominent American investor
    25.01.2023
  • 5Cessna
    The Cessna aircraft company: how it all began
    24.01.2023

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Rise in gold prices: reasons for increased interest in the metal

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Latest Posts

Apple Search
Apple Corporation is working on its own search engine, Apple Search
28.01.2023
Tom Ford brand
Estee Lauder made a deal to buy the fashion brand Tom Ford
27.01.2023
Golden Visa
The Golden Visa program has brought Portugal more than 6 billion euros during its existence
26.01.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Rise in gold prices: reasons for increased interest in the metal
  • Will oil cost $100 per barrel: forecast
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics