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.

Investopedia explains '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.



comments powered by Disqus
Hot Definitions
  1. Mortgage Modification

    A permanent change in a homeowner's home loan terms that makes the monthly loan payments affordable.
  2. Leveraged Benefits

    The use – by a business owner or professional practitioner – of their company’s receivables or current income to secure a loan whose proceeds then indirectly fund a retirement plan.
  3. Direct Consolidation Loan

    A loan that combines two or more federal education loans into a single loan. A Direct Consolidation Loan allows the borrower to make a single monthly payment. The loan is facilitated by the U.S. Department of Education and does not require borrowers to pay an application fee.
  4. Through Fund

    A type of target-date retirement fund whose asset allocation includes higher risk and potentially higher return investments "through" the fund's target date and beyond.
  5. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold or disposed of first.
  6. American Dream

    The belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society where upward mobility is possible for everyone. The American dream is achieved through sacrifice, risk-taking and hard work, not by chance.
Trading Center