Swedish Krona (SEK)
Sweden — Riksbank
Swedish krona — small, open Nordic currency sensitive to eurozone growth and risk sentiment.
SEK/USD
0.10828
SEK/USD Exchange Rate
Economic Indicators
| Indicator | Latest | Previous | Change | Date |
|---|---|---|---|---|
| Policy Rate | 2.25 | 2.25 | 0.00 | 2025-06-02 |
| Inflation | 2.3 | 2.8 | -0.50 | 2025-05-31 |
| Gdp | 1694.617 | 1607.826 | +86.79 | 2025-06-30 |
| Trade Balance | -100.0 | 11800.0 | -11900.00 | 2025-05-31 |
Riksbank Press Releases
-
2026-05-28The Riksbank's quantitative tightening has so far had limited effects on risk premia and bank deposits. One reason for this, according to a new analysis by Erik Andersson and Peter Kaplan at the Riksbank, is that much of the reduction in the Riksbank's bond holdings has been absorbed by banks and by
-
2026-05-26“2025 was a dramatic year in the world, not least as a result of the US administration’s shift in foreign and security policy, which increased uncertainty regarding the outlook for the Swedish economy.” These were the words of Governor Erik Thedéen when he opened the Committee on Finance's hearing o
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
🇦🇷 ARS — Argentine Peso
🇪🇺 EUR — Euro
🇬🇧 GBP — British Pound
🇯🇵 JPY — Japanese Yen
🇦🇺 AUD — Australian Dollar
🇨🇦 CAD — Canadian Dollar
🇨🇭 CHF — Swiss Franc
🇳🇿 NZD — New Zealand Dollar
🇭🇰 HKD — Hong Kong Dollar
🇲🇾 MYR — Malaysian Ringgit
🇳🇴 NOK — Norwegian Krone
🇸🇪 SEK — Swedish Krona
🇩🇰 DKK — Danish Krone
🇵🇱 PLN — Polish Złoty
🇧🇷 BRL — Brazilian Real
🇲🇽 MXN — Mexican Peso
🇮🇳 INR — Indian Rupee
🇨🇿 CZK — Czech Koruna
🇭🇺 HUF — Hungarian Forint
🇹🇷 TRY — Turkish Lira
🇹🇼 TWD — New Taiwan Dollar
🇹🇭 THB — Thai Baht
🇮🇩 IDR — Indonesian Rupiah
🇨🇱 CLP — Chilean Peso
🇵🇪 PEN — Peruvian Sol
🇲🇦 MAD — Moroccan Dirham
🇨🇴 COP — Colombian Peso
🇧🇴 BOB — Bolivian Boliviano
🇳🇬 NGN — Nigerian Naira
🇮🇱 ILS — Israeli New Shekel
🇦🇪 AED — UAE Dirham
🇩🇿 DZD — Algerian Dinar
🇪🇬 EGP — Egyptian Pound
🇸🇦 SAR — Saudi Riyal
🇷🇺 RUB — Russian Ruble
🇵🇰 PKR — Pakistani Rupee
🇵🇭 PHP — Philippine Peso
🇻🇳 VND — Vietnamese Dong
🇺🇾 UYU — Uruguayan Peso