Exchange Rate Calculator

The exchange rate between the Canadian Dollar (CAD) and the Swedish Krona (SEK) has experienced notable fluctuations over the past several months. Understanding these movements requires an examination of recent trends, underlying economic factors, and future projections.

Recent Exchange Rate Trends

Over the past six months, the CAD/SEK exchange rate has exhibited significant volatility. The highest rate recorded was 7.9179 SEK per CAD on November 21, 2024, while the lowest was 6.9324 SEK per CAD on April 3, 2025. This represents a substantial range, indicating a dynamic exchange rate environment.

In 2025, the exchange rate has shown a downward trend. The highest rate was 7.8153 SEK per CAD on January 13, 2025, and the lowest was 6.9385 SEK per CAD on March 11, 2025. The average rate during this period was approximately 7.4859 SEK per CAD.

Factors Influencing the Exchange Rate

Several factors have contributed to the observed fluctuations in the CAD/SEK exchange rate:

• Economic Indicators: Differences in GDP growth, inflation rates, and employment statistics between Canada and Sweden can influence investor confidence and currency valuations.

• Interest Rates: Diverging monetary policies and interest rate decisions by the Bank of Canada and the Sveriges Riksbank affect the attractiveness of each currency to investors.

• Commodity Prices: Canada's economy is heavily reliant on commodities, particularly oil. Fluctuations in global commodity prices can impact the value of the Canadian Dollar.

• Global Economic Conditions: Trade relations, geopolitical events, and global economic trends can lead to shifts in currency demand and supply, affecting exchange rates.

Future Projections

Looking ahead, forecasts suggest potential appreciation of the Canadian Dollar against the Swedish Krona. In three months, the CAD/SEK exchange rate is projected to rise to 7.865, an 11.6% increase from the current rate. Similarly, a five-year forecast predicts the rate reaching 8.2853 SEK per CAD by March 2030.

Conclusion

The CAD/SEK exchange rate has experienced notable volatility over the past several months, influenced by a range of economic factors. While recent trends have shown a depreciation of the Canadian Dollar against the Swedish Krona, future projections indicate potential appreciation. Investors and businesses engaged in transactions involving these currencies should closely monitor economic indicators and central bank policies in both countries to make informed decisions.