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Exchange Rate Calculator

Convert between currencies and track historical exchange rates

Amount

SEK

34.91 SEK

Exchange Rate

as of June 17, 2025 at 11:05 PM

CAD 1 CAD = SEK 6.98 SEK

Market analysis of CAD to SEK currency exchange rates

Analysis as of April 2025

The exchange rate between the Canadian Dollar (CAD) and the Swedish Krona (SEK) has experienced notable fluctuations over the past several months. This report provides an analysis of the CAD/SEK exchange rate trends, key influencing factors, and potential implications for stakeholders.

Recent Exchange Rate Trends

As of June 3, 2025, the CAD/SEK exchange rate stands at approximately 7.0511, indicating that one Canadian Dollar is equivalent to 7.0511 Swedish Krona. (investing.com)

In early January 2025, the exchange rate was around 7.6961 SEK per CAD. (exchange-rates.org) The rate peaked at 7.8153 SEK per CAD on January 13, 2025. Following this peak, the exchange rate began a downward trend, reaching a low of 6.9385 SEK per CAD on March 11, 2025. (exchange-rates.org) Since then, the rate has shown signs of recovery, stabilizing around the current level.

Factors Influencing the Exchange Rate

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

  1. Economic Indicators: Differences in economic performance between Canada and Sweden, such as GDP growth rates, inflation, and employment figures, can influence investor confidence and currency valuations.

  2. Interest Rates: Monetary policies set by the Bank of Canada and the Sveriges Riksbank (Sweden's central bank) affect interest rates, which in turn impact currency attractiveness to investors seeking higher returns.

  3. Commodity Prices: Canada's economy is significantly influenced by commodity exports, particularly oil. Fluctuations in global commodity prices can affect the value of the Canadian Dollar.

  4. Global Economic Events: Geopolitical developments, trade agreements, and global economic conditions can lead to shifts in currency demand and supply, impacting exchange rates.

Implications for Stakeholders

The volatility in the CAD/SEK exchange rate has several implications:

  • Businesses: Companies engaged in trade between Canada and Sweden may face challenges in pricing and cost management due to exchange rate fluctuations.

  • Investors: Currency volatility can affect the returns on investments denominated in CAD or SEK, influencing portfolio strategies.

  • Travelers: Individuals traveling between the two countries may experience varying costs for goods and services based on the prevailing exchange rate.

Conclusion

The CAD/SEK exchange rate has exhibited significant fluctuations over the past few months, influenced by a range of economic and geopolitical factors. Stakeholders should remain vigilant and consider these dynamics when making financial decisions involving these currencies.