Domestic currency market

In 2003, Sweden had a referendum on whether we should exchange our Swedish krona for Euro. Back then €1 cost 5 Swedish kronas, now we pay over 11 Swedish kronas for €1. Unfortunately the "no" side was bigger than the "yes" side which both my husband and I were supporters of.

We thought that Sweden, which became a member of the EU in 1995, should also have the same currency as the rest of the free trade area in order to more easily take advantage of all the advantages that the free market within the EU entails. When the "no" side won, we chose to invest our money in the American stock market instead. During the years we were relatively cautious with our investments as we knew nothing about that market plus the commission was outrageously high.

Now there are voices from the Swedish financial market that we should change to €, but for other reasons we had. There are contractors who voted against it then but have changed their minds over the years. The biggest reason for this is that the Swedish krona is an extremely small currency relative to the rest of the world, which makes it an unstable and uncertain currency. This uncertainty surrounding the Swedish krona makes Swedish citizens poorer and poorer.