Exchange Rate Calculator

The exchange rate between the Swedish Krona (SEK) and the Hong Kong Dollar (HKD) has experienced notable fluctuations over the past several months. This report provides an analysis of the SEK/HKD exchange rate trends, examining historical data, identifying key influencing factors, and offering insights into potential future movements.

Historical Exchange Rate Trends

2024 Overview

In 2024, the SEK/HKD exchange rate exhibited significant volatility. The highest rate was recorded on August 20, 2024, at 0.7768 HKD per SEK, while the lowest occurred on December 25, 2024, at 0.6967 HKD per SEK. The average exchange rate for the year stood at 0.7385 HKD per SEK. Overall, the SEK depreciated by approximately 9.46% against the HKD during this period.

Early 2025 Performance

The downward trend continued into early 2025. On January 13, 2025, the SEK reached its lowest point in recent months at 0.6940 HKD per SEK. However, a recovery was observed, with the exchange rate climbing to 0.7177 HKD per SEK by February 11, 2025. The average rate for this period was 0.7048 HKD per SEK, indicating a modest appreciation of the SEK against the HKD.

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Key economic metrics such as GDP growth, inflation rates, and interest rates in both Sweden and Hong Kong have played a role in influencing the exchange rate. For instance, differing inflation rates can affect purchasing power parity, leading to currency adjustments.

2. Geopolitical Events: Political developments, including elections, trade agreements, and international relations, have impacted investor confidence and currency valuations. Any political instability or significant policy changes in either region can lead to exchange rate volatility.

3. Central Bank Policies: Decisions made by the central banks of Sweden and Hong Kong, particularly regarding interest rates and monetary policy, have directly influenced the exchange rate. For example, if the Riksbank (Sweden's central bank) adjusts interest rates differently than the Hong Kong Monetary Authority, it can lead to capital flows that affect the SEK/HKD rate.

Forecast and Future Outlook

Looking ahead, forecasts suggest a potential appreciation of the SEK against the HKD. As of March 16, 2025, the exchange rate was 0.767349 HKD per SEK. Projections indicate that the rate could increase by approximately 5.07% over the next month, reaching around 0.805448 HKD per SEK. Over a six-month horizon, the rate is expected to rise by 25.76%, potentially reaching 0.964096 HKD per SEK.

These projections are based on current market sentiment, technical indicators, and anticipated economic developments. However, it's important to note that exchange rate forecasts are subject to uncertainties, including unforeseen economic events and policy changes.

Conclusion

The SEK/HKD exchange rate has experienced notable fluctuations over the past year, influenced by a combination of economic indicators, geopolitical events, and central bank policies. While recent trends and forecasts suggest a potential appreciation of the SEK against the HKD, investors and stakeholders should remain vigilant, considering the inherent uncertainties in currency markets. Continuous monitoring of economic developments and policy decisions in both Sweden and Hong Kong will be essential for making informed decisions regarding this currency pair.