Stocky

DEFINITION of 'Stocky'

A slang term used by forex traders for the Swedish krona, which has the symbol SEK. The stocky remains separate from the euro, which Sweden has declined to adopt despite being part of the European Union since 1995. Although members of the European Union are required to convert to the euro, Swedish officals have used a loophole in the union rules to avoid this.

BREAKING DOWN 'Stocky'

The Swedish central bank, Sveriges Riksbank, maintains a managed float regime for the exchange rate. The stocky is not pegged to any other currency, but it is often linked to the the euro due to its proximity to other countries who use the euro as their primary currency.

The origins of this term can be attributed to Stockholm, the capital of Sweden. "Stocky" is a shortened form of the capital's name.

RELATED TERMS
  1. Currency

    Currency is a generally accepted form of money, including coins ...
  2. Loonie

    Colloquial term that refers to the $1 Canadian coin, and also ...
  3. Swissie

    A slang term for the Swiss franc. The Swiss franc, or Swissie, ...
  4. Greenback

    A slang term for U.S. paper dollars. Greenbacks got their name ...
  5. Kiwi

    A slang term for the New Zealand dollar (NZD). It derives its ...
  6. Forex - FX

    The market in which currencies are traded. The forex market is ...
Related Articles
  1. Forex Education

    Top 7 Questions About Currency Trading Answered

    Whether you're puzzled by pips or curious about carry trades, your queries are answered here.
  2. Forex Education

    Play Foreign Currencies Against The U.S. Dollar And Win

    Don't panic when the dollar drops. Learn to exploit the greenback's decline and profit from it.
  3. Forex Education

    Commodity Prices And Currency Movements

    Find out which currencies are most affected by fluctuations in gold and oil prices, and improve your trading.
  4. Forex Education

    Make The Currency Cross Your Boss

    Tap into a world of possibilities by going beyond the simple pro- or anti-dollar trade.
  5. Markets

    A Window of Opportunity for Emerging Market Assets

    This week’s chart shows why we are in a sweet spot for emerging market (EM) assets with a weakening U.S. dollar, a rebound in commodity prices and a recovering Chinese economy.
  6. Markets

    Negative Interest Rates Require Flexibility in Fixed Income

    Here’s a quick look at four charts showing just a few of the interrelated ways the global fixed income markets have dramatically changed over the last seven years.
  7. Savings

    Do Big Soccer Tournaments Boost Market Performance?

    See why the conventional wisdom about the World Cup — that it boosts economic activity and helps local stock markets — is probably wrong.
  8. Stock Analysis

    (BABA) Who are Alibaba's Main Competitors?

    Learn about China's dominant e-commerce company, Alibaba, including its main domestic competitor, JD.com, and other players in the market.
  9. Economics

    8 Harmful Side Effects of Continued European Quantitative Easing (Q.E.)

    Read about eight harmful side effects of European Central Bank's decision to boost its quantitative easing (QE) program and push interest rates even lower.
  10. Economics

    Do the Olympics Boost Market Performance?

    Learn about the economics of the Olympics, and why estimates about stock market boosts for the host country are probably incorrect.
RELATED FAQS
  1. Is Sweden a developed country?

    Learn why Sweden is considered to be a developed country. Read about how Sweden scored highly on the Human Development Index ... Read Answer >>
  2. How do mutual funds work in India?

    Find out how mutual funds work in India, including what types of funds are available, how they are structured and how they ... Read Answer >>
  3. How is the value of a pip determined?

    Learn how the pip is used in the pricing of a currency pair in forex trading, and see how the foreign exchange market is ... Read Answer >>
  4. What kinds of costs are included in Free on Board (FOB) shipping?

    Find out about free on board shipping, the obligations of parties involved and the costs parties must assume in free on board ... Read Answer >>
  5. What are the differences between B-shares and H-shares traded on Chinese stock exchanges?

    Learn about B shares and H shares of publicly listed companies in mainland China and Hong Kong stock exchanges, and the differences ... Read Answer >>
  6. What are the differences between H-shares and A-shares on Chinese and Hong Kong stock ...

    Learn about A-shares and H-shares of publicly listed companies in mainland Chinese and Hong Kong stock exchanges, and the ... Read Answer >>
Hot Definitions
  1. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  2. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  3. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  4. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  5. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
  6. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
Trading Center