Forex turnover slumps in Sweden

- By FX Markets Staff
- @FXMarkets_
- 22 Dec 2008

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Preliminary monthly turnover figures released last week (December 15) found total foreign exchange volume for November fell to Skr10.1 trillion, down from Skr11.7 trillion in November 2007. This equates to a drop of almost $200 billion.

The major reduction in turnover occurred in the SEK/USD trade, where average daily volumes fell by $2.8 billion to $25.7 billion. Meanwhile, the average daily turnover of krona trades against all other currencies except the euro was $4.3 billion, down by $778

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