Exchange Rate Calculator

The exchange rate between the Swedish Krona (SEK) and the Canadian Dollar (CAD) has exhibited notable fluctuations over the past few months, reflecting a dynamic interplay of economic factors influencing both currencies.

Recent Exchange Rate Trends

In 2025, the SEK/CAD exchange rate has experienced significant variability. The highest recorded rate was 0.1453 CAD per SEK on April 21, 2025, while the lowest was 0.1280 CAD per SEK on January 13, 2025. The average exchange rate over this period was approximately 0.1390 CAD per SEK. (exchange-rates.org)

This represents a 10.79% increase in the SEK's value against the CAD in 2025, indicating a strengthening of the Swedish currency relative to the Canadian counterpart. (exchange-rates.org)

Historical Context

Looking back, the SEK/CAD exchange rate has shown a pattern of fluctuations. In 2024, the highest rate was 0.1358 CAD per SEK on August 20, with an average rate of 0.1296 CAD per SEK and a low of 0.1250 CAD per SEK on April 29. (exchange-rates.org) This indicates a slight depreciation of the SEK against the CAD compared to the previous year.

In 2023, the exchange rate remained relatively stable, with minor fluctuations around the 0.130 CAD per SEK mark. (freecurrencyrates.com) This stability suggests a period of equilibrium between the two currencies, influenced by balanced economic conditions in both countries.

Factors Influencing the Exchange Rate

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

1. Interest Rate Differentials: The monetary policies of the Swedish Riksbank and the Bank of Canada play a crucial role. Differences in interest rates can attract or repel investors, influencing currency demand and value.

2. Economic Performance: Economic indicators such as GDP growth, employment rates, and trade balances affect investor confidence and currency strength. For instance, stronger economic performance in Sweden relative to Canada can bolster the SEK against the CAD.

3. Commodity Prices: Canada's economy is significantly influenced by commodity exports, particularly oil. Fluctuations in global oil prices can impact the CAD's value, thereby affecting the SEK/CAD exchange rate.

4. Global Economic Events: Events such as geopolitical tensions, trade agreements, and global financial crises can lead to shifts in investor sentiment, impacting currency exchange rates.

Implications for Stakeholders

Understanding the dynamics of the SEK/CAD exchange rate is essential for various stakeholders:

• Businesses: Companies engaged in trade between Sweden and Canada need to monitor exchange rate trends to manage costs and pricing strategies effectively.

• Investors: Currency fluctuations can impact the returns on investments denominated in SEK or CAD. Investors should consider exchange rate trends when making investment decisions.

• Travelers: Individuals traveling between Sweden and Canada should be aware of exchange rate trends to budget appropriately and maximize the value of their money.

Conclusion

The SEK/CAD exchange rate has demonstrated variability influenced by a complex interplay of economic factors. Staying informed about these trends is crucial for making informed financial decisions.