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. As of May 3, 2025, 1 MXN is equivalent to approximately 0.5057 SEK. This report examines the recent trends, underlying factors influencing these movements, and provides insights into potential future developments.

Recent Exchange Rate Trends

Over the past 90 days, the MXN/SEK exchange rate has exhibited a downward trend. The highest rate recorded was 0.5499 SEK per MXN, while the lowest was 0.4939 SEK per MXN. The average exchange rate during this period was 0.5295 SEK per MXN, reflecting a decrease of approximately 6.72%.

In the last 30 days, the exchange rate continued its decline, with a high of 0.5293 SEK per MXN and a low of 0.4939 SEK per MXN. The average rate for this period was 0.5124 SEK per MXN, marking a 4.07% decrease.

Factors Influencing the Exchange Rate

Several factors have contributed to the recent fluctuations in the MXN/SEK exchange rate:

1. Economic Indicators: Economic performance indicators such as GDP growth, inflation rates, and employment figures in both Mexico and Sweden influence investor confidence and currency valuations.

2. Monetary Policies: Decisions by the central banks of Mexico and Sweden regarding interest rates and monetary policies affect currency strength. For instance, changes in interest rates can attract or deter foreign investment, impacting demand for the respective currencies.

3. Global Market Sentiment: Global economic events, trade relations, and geopolitical developments can lead to shifts in investor sentiment, affecting currency exchange rates.

4. Commodity Prices: Mexico's economy is significantly influenced by oil exports. Fluctuations in global oil prices can impact the value of the Mexican Peso.

5. Trade Balances: The trade balance between Mexico and Sweden, including export and import activities, can affect the demand and supply dynamics of MXN and SEK.

Future Outlook

Forecasts for the MXN/SEK exchange rate suggest potential appreciation of the Mexican Peso against the Swedish Krona in the coming months. For example, projections for July 2025 indicate an average exchange rate of approximately 0.4336 SEK per MXN, with a potential return on investment of 10.43% for investors buying at current rates.

However, it's important to note that currency forecasts are subject to change due to various unpredictable factors, including economic developments, policy changes, and global market dynamics.

Conclusion

The MXN/SEK exchange rate has experienced a downward trend over the past few months, influenced by a combination of economic indicators, monetary policies, global market sentiment, commodity prices, and trade balances. While forecasts suggest potential appreciation of the Mexican Peso in the near future, investors should remain vigilant and consider the inherent volatility and uncertainties in the foreign exchange market.