Sweden

The Danish krona free floated in November 1992 as they unpegged against the ECU. Currently, 21 nations are incorporated in their Trade Competitive Weight Index (TCW). But the Swedish Central Bank, Risbank, factors rates for 50 nations as well as cross rates. Cross rates are factored for and against the Swedish krona. Their TCW is factored the same as Great Britain and the IMF where exports, imports, and third-market competition is included. They factor their exchange rates as Buy plus Sell divided by two. Exchange rates are reported at 9:30 a.m. Stockholm time and reported at 10:00 a.m. as mid rates Stockholm time, 4:00 a.m. New York time.

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