Exchange Rate Calculator

The exchange rate between the Swiss Franc (CHF) and the Swedish Krona (SEK) has exhibited notable fluctuations over the past year, reflecting the dynamic interplay of economic factors influencing both currencies. As of May 3, 2025, the CHF/SEK exchange rate stands at approximately 11.46, indicating a depreciation of the Swiss Franc against the Swedish Krona compared to the previous year.

Recent Exchange Rate Trends

Over the past 12 months, the CHF/SEK exchange rate has experienced moderate volatility, with a fluctuation of approximately 7.43%. The highest recorded rate during this period was 12.441 SEK per CHF, while the lowest was 11.581 SEK per CHF. This indicates a variance of 0.86 SEK, highlighting the exchange rate's sensitivity to various economic factors.

In the first quarter of 2025, the exchange rate demonstrated a downward trend. In January, the CHF/SEK rate peaked at 12.255 SEK per CHF on January 14. However, by March 11, the rate had declined to its lowest point of 11.341 SEK per CHF. This represents a depreciation of approximately 7.5% over the two-month period.

Factors Influencing the Exchange Rate

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

1. Monetary Policy Divergences: The Swiss National Bank (SNB) and the Riksbank (Sweden's central bank) have pursued differing monetary policies in response to domestic economic conditions. For instance, if the SNB maintains lower interest rates compared to the Riksbank, it could lead to capital outflows from Switzerland to Sweden, thereby weakening the CHF against the SEK.

2. Economic Performance: Sweden's economy has shown resilience, with steady GDP growth and a robust labor market. In contrast, Switzerland has faced challenges such as slower economic growth and external trade pressures. These disparities can influence investor confidence and currency valuations.

3. Trade Balances: Switzerland's trade surplus has been narrowing due to reduced demand for its exports, while Sweden's trade balance has remained relatively stable. A narrowing trade surplus can exert downward pressure on a country's currency.

4. Global Economic Sentiment: As a traditional safe-haven currency, the CHF often appreciates during periods of global economic uncertainty. However, with improving global economic conditions and reduced geopolitical tensions, the demand for safe-haven assets like the CHF has diminished, contributing to its depreciation against the SEK.

Forecast and Outlook

Looking ahead, some forecasts suggest a potential appreciation of the CHF against the SEK. For instance, projections indicate that the CHF/SEK exchange rate could rise to approximately 12.2379 within the next month, representing an increase of about 6.65% from the current rate.

However, it's essential to approach such forecasts with caution, as exchange rates are influenced by a multitude of unpredictable factors, including changes in monetary policy, economic data releases, and global market sentiment.

Implications for Stakeholders

For businesses and investors engaged in Swiss-Swedish trade or investment activities, the recent depreciation of the CHF against the SEK has several implications:

• Importers and Exporters: Swiss exporters may find their goods becoming more competitively priced in the Swedish market due to the weaker CHF, potentially boosting export volumes. Conversely, Swedish exporters to Switzerland might face higher costs, which could impact profit margins.

• Investors: Those holding assets denominated in CHF may experience reduced returns when converted to SEK. It's crucial for investors to monitor exchange rate trends and consider hedging strategies to mitigate currency risk.

• Travelers: Swedish tourists visiting Switzerland may find their travel expenses more affordable due to the stronger SEK, while Swiss travelers to Sweden might encounter higher costs.

Conclusion

The CHF/SEK exchange rate has undergone significant fluctuations over the past year, influenced by factors such as divergent monetary policies, economic performance disparities, and global economic sentiment. While some forecasts predict a potential appreciation of the CHF against the SEK in the near term, stakeholders should remain vigilant and consider the inherent uncertainties in currency markets. Implementing appropriate risk management strategies and staying informed about economic developments in both Switzerland and Sweden will be essential for navigating the evolving exchange rate landscape.