The Riksbank said it has over the past four weeks reallocated the currency holdings in its foreign currency reserves in order to reduce the effect of exchange rate fluctuations on the foreign currency reserve's annual result measured in Swedish kronor. The reallocation has not affected the krona exchange rate, it said. The Riksbank increased its euro allocation to 50 pct from 37 pct; cut its dollar allocation to 20 pct from 37 pct; trimmed its sterling allocation to 10 pct from 11 pct; and its yen allocation to zero from 8 pct. Its allocation of Norwegian kroner was upped to 10 pct from zero, and Australian dollars to 5 pct from the previous 3 pct. The Riksbank said the choice of currency allocation is based on the currencies' fluctuations and variations in relation to one another over a longer period of time, and should therefore not be seen as an opinion about whether currencies will appreciate or depreciate