Exchange Rate Calculator

As of May 3, 2025, Ethereum (ETH) is trading at approximately 1,842.25 USD. Given the current exchange rate of 1 USD to 10.5 SEK, this translates to about 19,343.63 SEK per ETH.

Recent Performance

Over the past month, Ethereum has experienced a decline of approximately 9.5% against the Swedish Krona. This downward trend is consistent with broader market movements, reflecting a period of volatility in the cryptocurrency sector.

Historical Context

Ethereum reached its all-time high against the Swedish Krona on November 16, 2021, when it was valued at approximately 47,371.76 SEK per ETH. Since then, the price has decreased significantly, aligning with the overall market correction observed in the cryptocurrency space.

Market Capitalization and Supply

Ethereum's current market capitalization stands at approximately 2.42 trillion SEK, with a circulating supply of around 120.64 million ETH. This positions Ethereum as the second-largest cryptocurrency by market capitalization, underscoring its significant role in the digital asset ecosystem.

Factors Influencing ETH/SEK Exchange Rate

Several factors contribute to the fluctuations in the ETH/SEK exchange rate:

• Global Cryptocurrency Market Trends: Ethereum's price is influenced by the overall performance of the cryptocurrency market, including investor sentiment and regulatory developments.

• USD/SEK Exchange Rate: Since Ethereum is primarily traded against the US Dollar, changes in the USD/SEK exchange rate directly impact the ETH/SEK valuation.

• Technological Developments: Upgrades and innovations within the Ethereum network, such as the transition to Ethereum 2.0, can affect investor confidence and, consequently, the price.

• Macroeconomic Factors: Economic indicators, monetary policies, and geopolitical events can influence both the cryptocurrency market and traditional fiat currencies like the SEK.

Conclusion

The ETH/SEK exchange rate has seen notable fluctuations over the past few months, reflecting both internal developments within the Ethereum network and external macroeconomic factors. Investors should remain vigilant, considering the inherent volatility of cryptocurrencies and the various elements that can influence exchange rates.