Stocky


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.

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.


Investment dictionary. . 2012.

Synonyms:

Look at other dictionaries:

  • stocky — stocky, thickset, thick, chunky, stubby, squat, dumpy are comparable when they apply to build of the human body and mean being relatively compact in form. Stocky implies a short and wide or thick build and is likely to be complimentary in… …   New Dictionary of Synonyms

  • Stocky — Stock y, a. [From {Stock}.] 1. Short and thick; thick rather than tall or corpulent. Addison. [1913 Webster] Stocky, twisted, hunchback stems. Mrs. H. H. Jackson. [1913 Webster] 2. Headstrong. [Prov. Eng.] G. Eliot. [1913 Webster] …   The Collaborative International Dictionary of English

  • stocky — c.1400, made of wood, from STOCK (Cf. stock) (n.1). Of plants, of stout and sturdy growth (not weedy) it is recorded from 1620s. Of persons, thick set, 1670s, suggestive of tree trunks, but Cf. also stock in sense of trunk of the human body (late …   Etymology dictionary

  • stocky — [adj] short and overweight; short and muscular chunky, corpulent, fat, heavyset, plump, solid, squat, stout, stubby, sturdy, thick, thickset; concepts 491,773 Ant. lanky, skinny, tall, thin, underweight …   New thesaurus

  • stocky — ► ADJECTIVE (stockier, stockiest) ▪ (especially of a person) short and sturdy. DERIVATIVES stockily adverb stockiness noun …   English terms dictionary

  • stocky — [stäk′ē] adj. stockier, stockiest [ STOCK, n. 2 + Y2] 1. heavily built; sturdy; short and thickset 2. having a strong, often thick, stem: said of a plant …   English World dictionary

  • stocky — UK [ˈstɒkɪ] / US [ˈstɑkɪ] adjective Word forms stocky : adjective stocky comparative stockier superlative stockiest a stocky person looks strong but is not tall …   English dictionary

  • stocky — stock|y [ˈstɔki US ˈsta: ] adj comparative stockier superlative stockiest a stocky person is short and heavy and looks strong ▪ a stocky build >stockily adv >stockiness n [U] …   Dictionary of contemporary English

  • Stocky — This interesting surname of English origin with variant spellings Stocky, Stockey, Stokey, Stuckey, etc., is a locational name from Stockey in Meeth, Devonshire, deriving from the old English pre 7th Century Stocc meaning stock, trunk or stump of …   Surnames reference

  • stocky — adj. Stocky is used with these nouns: ↑build, ↑figure, ↑man …   Collocations dictionary


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