Swedish Krona (SEK) Exchange Rates Today
Live rates, 30-day trends, and real talk about what banks charge you for Swedish Krona.
Mid-market rate - no bank markup 200+ currencies Free
What is the Swedish Krona?
Sweden's Riksbank is the world's oldest central bank (founded 1668). Sweden is one of the few EU members that hasn't adopted the Euro.
Symbol: kr ISO code: SEK Central bank: Sveriges Riksbank
BIS ranking: 15th most traded (the 15th most bought and sold currency worldwide) Used in: Sweden
This page is a hub for all SEK exchange rates on our site. Use the converter above to check the current mid-market rate for Swedish Krona against any supported currency, or scroll down to browse individual pair pages with 30-day charts, historical data, and conversion tables.
How Swedish Krona is commonly exchanged
Sweden's Riksbank is the world's oldest central bank (founded 1668). EUR/SEK and USD/SEK are the primary pairs. Sweden is one of the few EU members that hasn't adopted the Euro, and the SEK floats freely. Sweden's export-heavy economy means SEK is sensitive to European trade conditions.
Most SEK conversions pass through one of the major pairs listed below. For less common combinations, rates are computed as cross-rates through USD or EUR, which may carry a slightly wider spread.
Practical notes for Swedish Krona
Travel and card conversions
If you are spending in Swedish Krona, a card with no foreign transaction fee is typically the best option. Always choose to be charged in SEK (the local currency) at point of sale - selecting your home currency triggers Dynamic Currency Conversion, which adds an unnecessary 3-6% markup to your transaction.
Weekend and holiday pricing
Currency markets close Friday at 5pm Eastern and reopen Sunday at 5pm Eastern. During this window, the rate you see is Friday's closing price. Some providers widen their spreads on weekends. If your conversion is not urgent, waiting until Monday often means a tighter spread and a rate that reflects current market conditions.
Bank spreads
Banks and exchanges add different markups for different currencies. SEK typically has moderate spreads (2-4%) because it is traded in reasonable volume.
Local tip
Sweden is the world's most cashless society. Many shops will not accept cash at all - make sure your card has low or zero foreign transaction fees.
The Sveriges Riksbank and the Swedish Krona
The Sveriges Riksbank, founded in 1668, is the world's oldest central bank. It targets 2% CPIF inflation.
Policy tool: The policy rate. The Riksbank meets approximately eight times per year.
Key data releases: Swedish CPI (CPIF), GDP, and Riksbank monetary policy reports.
Moments that shaped the Swedish Krona
Krona defence and 500% interest rates (1992)
During the European currency crisis, Sweden's Riksbank briefly raised its overnight lending rate to 500% to defend the krona's peg to the ECU. The defence failed. Sweden floated the krona on 19 November 1992, and it immediately lost about 20% of its value.
Negative interest rates (2015-2019)
Sweden's Riksbank became one of the first central banks to go negative, cutting its repo rate to -0.50%. The experiment lasted nearly five years and tested whether a society could function with negative borrowing costs.
Did you know?
- Sweden's Riksbank, founded in 1668, is the world's oldest central bank - predating the Bank of England by 26 years.
- Sweden is the world's most cashless society - less than 1% of GDP is held as physical cash.
Frequently asked questions
Is the Swedish Krona strong or weak right now?
The Swedish Krona's strength fluctuates based on investor sentiment toward Nordic economies, Sweden's interest rate environment, and broader EUR dynamics since Sweden is part of the European economic sphere. To assess current strength, check the rate statistics and historical charts on this page - they show how SEK is trading against major currencies like the USD, EUR, and GBP.
You can also use the converter above to see real-time rates and compare SEK performance across multiple pairs.
What factors affect the Swedish Krona exchange rate?
The Swedish Krona responds to decisions by Sveriges Riksbank, Sweden's central bank, particularly interest rate changes and monetary policy direction. Economic data from Sweden - including inflation, employment, manufacturing output, and trade balances - move the krona, as do shifts in global risk appetite and the strength of the euro.
Commodity prices, especially oil, also influence SEK because energy is a significant part of Sweden's economy and trade relationships with neighboring countries.
What is the outlook for the Swedish Krona?
The krona's outlook depends on factors including Sveriges Riksbank's policy trajectory, Swedish inflation trends, and the broader EU economic environment - all of which are subject to change. Historically, the krona has strengthened during periods of higher Swedish interest rates and weakened when global risk aversion rises.
Rather than making a prediction, monitor the pair pages and rate charts on this site to track how these fundamentals evolve and how markets are pricing SEK against other currencies.
Is the Swedish Krona widely used internationally?
The Swedish Krona is primarily used within Sweden and for trade with nearby Nordic countries, but it is not a reserve currency held by central banks globally. International trade and finance typically use the US Dollar, Euro, or other major currencies as mediums of exchange.
Sweden's membership in the EU but not the eurozone means the krona serves a regional rather than global function in currency markets and reserves.
How do I compare SEK rates across providers?
Use the converter above to see real-time mid-market rates for SEK against any currency you need. The pair pages below show how SEK rates vary by counterparty and direction - these reflect actual trading prices.
Keep in mind that banks, money transfer services, and currency exchanges each apply different margins to mid-market rates, so comparing the same pair across providers will show you which offers the best value for your specific transaction.
How has the Swedish Krona performed historically?
The krona has fluctuated significantly over decades based on Sweden's economic cycles, central bank policy, and global market shifts. The rate charts and historical data on this page allow you to examine SEK performance over weeks, months, and years against major currency pairs.
Looking at long-term trends shows how geopolitical events, interest rate differentials, and changes in Swedish competitiveness have shaped the currency's value.
How volatile is the Swedish Krona?
The krona exhibits moderate volatility typical of developed-market currencies, with larger swings during periods of central bank policy shifts or global financial stress. Interest rate decisions from Sveriges Riksbank and changes in risk sentiment toward Nordic assets can drive short-term movements.
You can observe volatility patterns using the historical charts and rate statistics on this page, which show daily, weekly, and monthly price action across different SEK pairs.
What is the best way to exchange Swedish Krona?
The best method depends on your location, transaction size, and whether you are converting to or from SEK. Banks offer security and insurance but typically apply wider margins than online currency services or mid-market rates shown in the converter above.
Comparing quotes from multiple providers - including your bank, dedicated money transfer services, and online platforms - helps you find the rate and fees that work best for your needs.
Do banks still exchange foreign currency?
Yes, most banks still exchange foreign currency, though service varies by institution and country. Many banks charge fees or commissions on top of their exchange rate and require advance notice for larger amounts.
Using the converter above to check the mid-market rate before visiting your bank helps you understand whether their quoted rate is competitive compared to other providers.
Is it better to exchange money at a bank?
Banks offer security, insurance, and established processes, but they typically apply wider markups to exchange rates than online currency services or specialized money transfer providers. The right choice depends on factors like transaction size, timing, and your confidence in alternative providers.
Compare quotes from your bank against rates shown in the converter above and other providers before deciding - larger transactions may justify shopping around.
How do I avoid international ATM withdrawal fees?
Use ATMs operated by your own bank's international partners or networks to minimize withdrawal charges - many banks offer fee waivers for partner ATMs. Withdraw larger amounts less frequently rather than making many small withdrawals, which reduces the total number of fees.
Check your bank's fee schedule and international partner list before traveling, and use the converter above to budget your spending so you withdraw an appropriate amount.
Is it better to use a debit or credit card abroad?
Debit cards and credit cards both involve exchange rate markups and potential fees, so the choice depends on your bank's policies and card agreements. Debit cards draw directly from your account and may carry lower fraud liability in some cases, while credit cards offer purchase protection and rewards.
Check your card issuer's foreign transaction fees and exchange rate markups before traveling - the converter above can help you estimate what transactions will cost in your home currency.
Learn more
- Riksbank - Exchange Rates - Official Swedish krona rates and interest rate data
- Statistics Sweden (SCB) - Swedish economic data including trade, CPI, and GDP
Swedish Krona volatility profile
The Swedish krona shows medium volatility among European currencies. SEK weakened significantly after the Riksbank's period of negative interest rates (2015-2019) and has not fully recovered, making it sensitive to interest rate differentials.
Live volatility score updates when market data is available.
Cost to convert Swedish Krona
Banks typically mark up SEK conversions by 3-5%. Specialist transfer providers offer rates much closer to the mid-market rate shown above, potentially saving you $30-55 on every 1,000 SEK you convert.
| Provider | Typical fee | You receive |
|---|---|---|
| Wise | Mid-market rate + ~0.5% fee | — |
| Revolut | Mid-market rate, free up to monthly limit | — |
| OFX | No fixed fees, ~0.4% spread | — |
| Typical bank | 3-5% markup + fixed fee | — |
Based on sending 1,000 SEK to US Dollar. Costs include spread markup and fees. See full SEK to USD comparison →
Compare Swedish Krona with similar currencies
Swedish Krona belongs to the following currency characteristic groups. Currencies within each group often move in correlated patterns.
Nordic currencies
The Scandinavian currencies share economic ties and similar monetary policy approaches, though DKK is pegged to EUR while SEK and NOK float freely.
SEK rate statistics
Swedish Krona rate context
We compare the current Swedish Krona exchange rate against its recent trading range to help you decide whether now is a good time to convert. The live analysis updates throughout market hours.
Rate analysis updates when live data is available.
Forex Market Hours
The forex market is open 24 hours a day, five days a week. Trading passes between these major financial centers as the world turns.
| Market | Timezone | Local Time | Status |
|---|---|---|---|
| 🇦🇺 Sydney | AEST | — | — |
| 🇯🇵 Tokyo | JST | — | — |
| 🇬🇧 London | GMT/BST | — | — |
| 🇺🇸 New York | ET | — | — |
All SEK Currency Pairs
Live exchange rate pages for Swedish Krona against every supported currency.