Exchange Rate Calculator

The exchange rate between the South Korean Won (KRW) and the Swedish Krona (SEK) has experienced notable fluctuations over the past few months. This report analyzes the recent trends, identifies key factors influencing these movements, and provides insights into the potential future trajectory of the KRW/SEK exchange rate.

Recent Exchange Rate Trends

Between September 20, 2024, and March 17, 2025, the KRW/SEK exchange rate exhibited significant volatility. The highest recorded rate during this period was 0.0078944 SEK per KRW on November 21, 2024, while the lowest was 0.0068953 SEK per KRW on March 11, 2025. The average exchange rate over these six months was approximately 0.0075900 SEK per KRW.

In the first quarter of 2025, the exchange rate showed a downward trend. For instance, on January 26, 2025, the rate was 0.0076694 SEK per KRW, but by March 11, 2025, it had declined to 0.0068953 SEK per KRW.

Factors Influencing the Exchange Rate Movements

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

1. Economic Performance and Monetary Policies: The economic health and monetary policies of South Korea and Sweden play a crucial role in exchange rate dynamics. Differences in interest rates, inflation, and economic growth can lead to capital flows that affect currency values.

2. Global Economic Conditions: Global events, such as changes in commodity prices, trade tensions, and economic crises, can influence investor sentiment and lead to shifts in currency demand.

3. Market Sentiment and Speculation: Investor perceptions and speculative activities can cause short-term volatility in exchange rates. News related to political developments, economic forecasts, or financial market trends can impact the KRW/SEK rate.

Potential Future Trajectory

Predicting future exchange rate movements is inherently challenging due to the multitude of influencing factors. However, by monitoring key economic indicators and policy decisions in both South Korea and Sweden, as well as global economic trends, stakeholders can gain insights into potential directions for the KRW/SEK exchange rate.

In conclusion, the KRW/SEK exchange rate has experienced notable fluctuations over the past few months, influenced by a combination of economic performance, global conditions, and market sentiment. Staying informed about these factors is essential for anticipating future movements in this currency pair.