Membership of the euro protects Finland from currency fluctuations, which is particularly important for small member states of the European Union like Finland that are highly integrated into the larger European economy. If Finland had retained its own currency, unpredictable exchange rates would prevent the country from selling its products at competitive prices on the European market. In fact, business leaders in Sweden, which is obliged to join the euro when its economy has converged with the eurozone, are almost universal in their support for joining the euro. Although Sweden's currency is not officially pegged to the euro like Denmark's currency the Swedish government maintains an unofficial peg. This exchange rate policy has in the short term benefited the Swedish economy in two ways; (1) much of Sweden's European trade is already denominated in euros and therefore bypasses any currency fluctuation and exchange rate losses, (2) it allows Sweden's non-euro-area exports to remain competitive by dampening any pressure from the financial markets to increase the value of the currency.