Exchange Rate Calculator

The exchange rate between the Mexican Peso (MXN) and the Swedish Krona (SEK) has experienced notable fluctuations over the past few months. This report provides an analysis of the recent trends, key influencing factors, and potential future outlooks for the MXN/SEK currency pair.

Recent Exchange Rate Trends

Over the six-month period from December 30, 2024, to June 26, 2025, the MXN/SEK exchange rate exhibited a downward trend. The highest rate recorded was 0.5464 SEK per MXN on January 7, 2025, while the lowest was 0.4794 SEK per MXN on April 8, 2025. The average exchange rate during this period was approximately 0.5097 SEK per MXN, indicating a depreciation of the Mexican Peso relative to the Swedish Krona by about 5.76%. (exchange-rates.org)

In the more recent timeframe, as of June 30, 2025, the exchange rate stood at 0.5039 SEK per MXN. Over the preceding week, the rate fluctuated between a high of 0.506 SEK on June 23 and a low of 0.500 SEK on June 26, reflecting relative stability with minor fluctuations. (wise.com)

Factors Influencing the Exchange Rate

Several factors have contributed to the observed movements in the MXN/SEK exchange rate:

1. Economic Indicators: Variations in GDP growth, inflation rates, and interest rates between Mexico and Sweden can significantly impact their respective currencies. For instance, if Sweden's economy grows at a faster pace than Mexico's, or if Sweden maintains lower inflation rates, the SEK may strengthen against the MXN.

2. Central Bank Policies: Decisions by the central banks of both countries, such as changes in interest rates or monetary policy adjustments, can influence investor confidence and currency valuations. For example, if the Riksbank (Sweden's central bank) raises interest rates while Banco de México holds rates steady, the SEK could appreciate relative to the MXN.

3. Geopolitical Events: Political stability, trade agreements, and international relations can affect currency strength. Any political uncertainty or trade tensions involving Mexico or Sweden may lead to currency volatility.

4. Global Market Sentiment: As emerging market currencies, the MXN is often more susceptible to global risk sentiment. In times of global economic uncertainty, investors may seek safe-haven currencies like the SEK, leading to a depreciation of the MXN.

Historical Context

Looking back at the exchange rate history provides additional context:

• 2022: The MXN/SEK exchange rate ranged from a low of 0.4391 SEK per MXN to a high of 0.5688 SEK per MXN, with an average rate of 0.5037 SEK per MXN. (exchangerates.org.uk)

• 2021: The exchange rate fluctuated between 0.407 SEK per MXN in January and 0.429 SEK per MXN in June, indicating relative stability with minor fluctuations. (freecurrencyrates.com)

Future Outlook

Predicting future exchange rate movements is inherently challenging due to the multitude of influencing factors. However, several considerations can provide insight:

• Economic Performance: If Sweden's economy continues to outperform Mexico's, the SEK may maintain its strength against the MXN. Conversely, if Mexico implements effective economic reforms and experiences robust growth, the MXN could appreciate.

• Monetary Policies: Divergent monetary policies between the Riksbank and Banco de México could lead to further fluctuations. For instance, if Sweden tightens monetary policy while Mexico adopts a more accommodative stance, the SEK may strengthen.

• Global Economic Conditions: External factors such as commodity prices, global trade dynamics, and investor risk appetite will also play crucial roles. A favorable global economic environment may bolster the MXN, while adverse conditions could lead investors to favor the SEK.

Conclusion

The MXN/SEK exchange rate has experienced a downward trend over the past six months, influenced by economic indicators, central bank policies, geopolitical events, and global market sentiment. While historical data provides context, future movements will depend on a complex interplay of domestic and international factors. Stakeholders should monitor these variables closely to make informed decisions regarding this currency pair.