Exchange Rate Calculator

The exchange rate between the Mexican Peso (MXN) and the Swedish Krona (SEK) has exhibited 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

Between August 2024 and February 2025, the MXN/SEK exchange rate experienced significant variability. The highest recorded rate during this period was 0.5528 SEK per MXN on December 25, 2024, while the lowest was 0.5120 SEK per MXN on September 27, 2024. The average exchange rate over these six months was approximately 0.5333 SEK per MXN. (exchange-rates.org)

In January 2025, the exchange rate continued to fluctuate. The highest rate was 0.5464 SEK per MXN on January 7, 2025, and the lowest was 0.5289 SEK per MXN on January 27, 2025. The average rate for the month was 0.5390 SEK per MXN. (exchange-rates.org)

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Differences in economic performance between Mexico and Sweden, such as GDP growth rates, inflation levels, and employment statistics, can influence investor confidence and currency valuations.

2. Interest Rate Differentials: The monetary policies of the Bank of Mexico and the Riksbank (Sweden's central bank) affect interest rates, which in turn impact capital flows and exchange rates.

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

4. Political Events: Political stability, policy changes, and international relations can impact investor perceptions and currency demand.

5. Global Economic Conditions: Global financial market trends, including risk appetite and economic crises, can lead to shifts in currency valuations as investors seek safe-haven assets or higher returns.

Comparative Historical Perspective

To provide context, in August 2021, the MXN/SEK exchange rate was approximately 0.436 SEK per MXN. (freecurrencyrates.com) By August 2022, it had risen to around 0.537 SEK per MXN. (freecurrencyrates.com) This upward trend indicates a strengthening of the Mexican Peso relative to the Swedish Krona over the past few years.

Future Outlook

Predicting future exchange rate movements is inherently uncertain due to the multitude of influencing factors. However, monitoring the following elements can provide insights:

• Economic Performance: Continued assessment of economic indicators in both countries will be crucial.

• Monetary Policies: Decisions by the Bank of Mexico and the Riksbank regarding interest rates and monetary policy will influence the exchange rate.

• Global Market Trends: Developments in global trade, commodity prices, and geopolitical events will also play a role.

Investors and businesses engaged in transactions involving MXN and SEK should stay informed about these factors to make well-informed decisions.