Exchange Rate Calculator

The exchange rate between the Swedish Krona (SEK) and the Canadian Dollar (CAD) has exhibited notable fluctuations over the past several months. Understanding these movements requires an examination of recent trends, underlying economic factors, and future projections.

Recent Exchange Rate Trends

From September 2024 to March 2025, the SEK/CAD exchange rate experienced significant variability. The highest recorded rate during this period was 0.1425 CAD per SEK on March 7, 2025, while the lowest was 0.1263 CAD per SEK on November 21, 2024. This represents an approximate 12.8% increase from the lowest to the highest point within the six-month span.

In the first quarter of 2025, the exchange rate continued its upward trajectory. On January 13, 2025, the rate was at its lowest for the year at 0.1280 CAD per SEK. By March 5, 2025, it had risen to 0.1406 CAD per SEK, marking an 8.2% increase over this period.

Factors Influencing the Exchange Rate

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

• Economic Indicators: Differences in GDP growth, inflation rates, and employment statistics between Sweden and Canada can influence investor confidence and currency valuations.

• Interest Rates: Decisions by the central banks of both countries regarding interest rates directly impact currency strength. Higher interest rates typically attract foreign investment, increasing demand for the currency.

• Commodity Prices: Canada's economy is heavily reliant on commodities, particularly oil. Fluctuations in global oil prices can affect the CAD's value.

• Political Stability and Policies: Political events, trade policies, and international relations can lead to currency volatility.

Forecasts and Projections

Looking ahead, various forecasts suggest differing trajectories for the SEK/CAD exchange rate:

• Short-Term Forecasts: Some analyses predict a decline in the exchange rate over the next three months. For instance, a forecast anticipates the rate to fall to 0.1272 CAD per SEK, a 10.55% decrease from the current rate of 0.1422.

• Medium to Long-Term Forecasts: Other projections are more optimistic. One analysis forecasts a 5.64% increase in the next month, reaching 0.149281 CAD per SEK. Another source suggests a slight decline to 0.139 CAD per SEK, a 1.126% decrease.

Conclusion

The SEK/CAD exchange rate has shown considerable volatility over the past several months, influenced by a complex interplay of economic indicators, interest rate decisions, commodity prices, and political factors. While some forecasts predict a decline in the exchange rate in the short term, others anticipate growth, highlighting the uncertainty inherent in currency markets. Investors and businesses engaged in transactions involving SEK and CAD should closely monitor these factors and consider a range of scenarios in their financial planning.