Swedish Krona (SEK)
Sweden — Riksbank
Swedish krona — small, open Nordic currency sensitive to eurozone growth and risk sentiment.
SEK/USD
0.10798
SEK/USD Exchange Rate
Economic Indicators
| Indicator | Latest | Previous | Change | Date |
|---|---|---|---|---|
| Policy Rate | 2.25 | 2.25 | 0.00 | 2025-05-05 |
Riksbank Press Releases
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2026-04-20Staff Memo: Monetary-fiscal interactions when Ricardian equivalence fails
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2026-04-08There is an increasing risk that Sweden’s housing supply will exceed demand over the next decade. This trend may lead to rising vacancy rates, especially in smaller municipalities, which in turn may affect revenues and property values for housing companies. The risks to financial stability are asses
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2026-04-01In a new Economic Commentary, the authors describe how Swedish credit institutions are interconnected through their bilateral exposures. The authors’ analysis shows that the Swedish banking system is a concentrated network with the largest banks playing a central role and channelling exposures, whic
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2026-03-31Governor Erik Thedéen wants the banks to be able to use their buffers more easily. This was one of the messages when he gave his views on the banks’ capital requirements in a panel discussion at SNS/Swedish House of Finance. Another was that the capital adequacy regulations need to be simplified wit
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2026-03-30In recent months, the Riksbank has taken a number of measures to facilitate the adjustment of its monetary policy counterparties (the banks) to an environment with a smaller liquidity surplus. The Riksbank is now holding meetings with the banks to monitor that they are taking the necessary measures
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2026-03-192027 will see the start of an extensive renovation of the Riksbank's head office at Brunkebergstorg in Stockholm. During this period, the Riksbank will conduct its operations from temporary addresses.
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2026-03-05The Riksdag decided yesterday to adopt the government’s proposal on “Development of the macroprudential policy area”, which includes changes to the amortisation requirement and the mortgage cap. In addition, the Riksbank is assigned responsibility for setting the countercyclical capital buffer. The
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2026-03-052025 was a dramatic year in the world, not least as a result of the US administration’s shift in foreign and security policy. However, world trade and the global economy stood up relatively well.
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2026-03-04Consultation response to the “Evaluation of Sweden’s monetary policy 2015–2024”
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2026-03-03On Tuesday, the entire Executive Board took part in an open hearing at the Committee on Finance about the Riksbank's operations in 2025, as well as current monetary policy.
About the Swedish Krona (SEK)
The Swedish krona (SEK) is the official currency of Sweden. It is a small, open, and highly cyclical currency that tends to behave as a higher-beta proxy for eurozone growth and global risk appetite.
Riksbank: monetary policy framework
The Riksbank sets the policy rate at five scheduled meetings per year, with a 2% CPIF (CPI with fixed mortgage rates) inflation target. Each decision is accompanied by a Monetary Policy Report with detailed projections.
What moves the SEK?
- Riksbank policy rate and rate-path projections.
- Sweden CPIF and CPIF excluding energy.
- Eurozone growth and ECB policy — Sweden's largest export market is the EU.
- Krona FX hedging by the Riksbank from FX reserves.
- Global risk sentiment and equity volatility.
- Swedish housing market and household credit dynamics.
Key data and events to watch
- Riksbank policy decision and Monetary Policy Report.
- Sweden CPIF release.
- Sweden GDP indicator and industrial production.
- EUR/SEK as the dominant trading pair.
- Riksbank FX reserve hedging announcements.
Frequently asked questions about the Swedish Krona
Why is Sweden not in the eurozone?
Sweden joined the EU in 1995 but voted against adopting the euro in a 2003 referendum. It is legally obligated to adopt the euro 'eventually' but has no formal timeline, and successive governments have left the question to future referendums.
What inflation measure does the Riksbank target?
The Riksbank targets 2% inflation measured by CPIF — the consumer price index with a fixed interest rate — which removes the direct effect of policy-rate changes on mortgage costs.
How often does the Riksbank meet?
The Riksbank Executive Board holds five scheduled monetary-policy meetings per year, each accompanied by a Monetary Policy Report and a press conference.
All Currencies
🇺🇸 USD — US Dollar
🇪🇺 EUR — Euro
🇬🇧 GBP — British Pound
🇯🇵 JPY — Japanese Yen
🇦🇺 AUD — Australian Dollar
🇨🇦 CAD — Canadian Dollar
🇨🇭 CHF — Swiss Franc
🇳🇿 NZD — New Zealand Dollar
🇨🇳 CNY — Chinese Yuan
🇸🇬 SGD — Singapore Dollar
🇸🇪 SEK — Swedish Krona
🇩🇰 DKK — Danish Krone
🇵🇱 PLN — Polish Złoty
🇧🇷 BRL — Brazilian Real