Tools / Exchange Rate Calculator
Exchange Rate Calculator
Convert between currencies and track historical exchange rates
Amount
3.37 SEK
Exchange Rate
as of April 22, 2025 at 9:46 AM
1 KRW =
0.01 SEK
Market analysis of KRW to SEK currency exchange rates
Analysis as of April 2025
The exchange rate between the South Korean Won (KRW) and the Swedish Krona (SEK) has experienced notable fluctuations over the past few years. This report provides an analysis of the KRW/SEK exchange rate trends, factors influencing these movements, and forecasts for the near future.
Historical Exchange Rate Trends
2023 Overview
In 2023, the KRW/SEK exchange rate exhibited a downward trend. The highest rate was recorded on January 31, 2023, at 0.008476 SEK per KRW, while the lowest was on April 28, 2023, at 0.007669 SEK per KRW. The average exchange rate for the year stood at 0.008129 SEK per KRW, marking a 5.53% decrease over the year. (exchange-rates.org)
2024 Overview
The downward trend continued into 2024. The highest exchange rate was observed on May 6, 2024, at 0.007988 SEK per KRW, and the lowest on December 27, 2024, at 0.007465 SEK per KRW. The average rate for the year was 0.007757 SEK per KRW, reflecting a 3.81% decline compared to the previous year. (exchange-rates.org)
Recent Six-Month Performance
Between September 5, 2024, and March 4, 2025, the KRW/SEK exchange rate continued its decline. The highest rate during this period was 0.007899 SEK per KRW on November 21, 2024, and the lowest was 0.007163 SEK per KRW on March 4, 2025. The average rate over these six months was 0.007649 SEK per KRW, indicating a 6.96% decrease. (exchange-rates.org)
Factors Influencing the KRW/SEK Exchange Rate
Several factors have contributed to the fluctuations in the KRW/SEK exchange rate:
Economic Indicators: Variations in GDP growth, inflation rates, and interest rates between South Korea and Sweden can significantly impact the exchange rate. For instance, if South Korea's economy grows at a faster pace than Sweden's, the KRW may strengthen against the SEK.
Geopolitical Events: Political stability, trade agreements, and international relations influence investor confidence and currency valuations. Events such as elections or changes in trade policies can lead to exchange rate volatility.
Central Bank Policies: Decisions by the Bank of Korea and the Sveriges Riksbank regarding interest rates and monetary policies affect currency supply and demand, thereby influencing the exchange rate.
Forecasts and Future Outlook
Short-Term Forecasts
As of April 21, 2025, the KRW/SEK exchange rate is approximately 0.007454 SEK per KRW. Forecasts suggest a continued decline in the near future:
- 5-Day Prediction: The exchange rate is expected to decrease to 0.007413 SEK per KRW.
- 1-Month Prediction: A further decline to 0.007217 SEK per KRW is anticipated.
- 3-Month Prediction: The rate may drop to 0.006935 SEK per KRW. (coincodex.com)
Long-Term Forecasts
Looking ahead to the end of 2025, the KRW/SEK exchange rate is projected to range between 0.006514 and 0.007423 SEK per KRW, with an average annualized rate of 0.006891 SEK per KRW. This suggests a potential return on investment of 1.30% compared to current rates. (coincodex.com)
Conclusion
The KRW/SEK exchange rate has been on a declining trajectory over the past few years, influenced by various economic, geopolitical, and policy factors. Short-term forecasts indicate a continued decrease, with the rate potentially reaching 0.006935 SEK per KRW in the next three months. Long-term projections for 2025 also suggest a downward trend. Stakeholders should monitor these developments closely and consider the underlying factors when making financial decisions related to these currencies.