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Exchange Rate Calculator
Convert between currencies and track historical exchange rates
Amount
14,467.00 KRW
Exchange Rate
as of May 09, 2025 at 3:49 AM
1 SEK =
144.67 KRW
Market analysis of SEK to KRW currency exchange rates
Analysis as of April 2025
The exchange rate between the Swedish Krona (SEK) and the South Korean Won (KRW) has experienced notable fluctuations over the past few months. Understanding these movements requires an examination of recent trends, underlying economic factors, and potential future developments.
Recent Exchange Rate Trends
In 2024, the SEK/KRW exchange rate exhibited a gradual upward trend. The lowest point was recorded on May 6, 2024, at 125.19 KRW per SEK, while the highest was on December 27, 2024, at 133.96 KRW per SEK. The average exchange rate for the year stood at 128.95 KRW per SEK.
This upward trajectory continued into 2025. By January 23, 2025, the exchange rate had dipped to 130.19 KRW per SEK, marking the year's lowest point. However, it rebounded to a peak of 145.02 KRW per SEK on March 11, 2025. The average rate for 2025, up to mid-March, was approximately 134.84 KRW per SEK.
Factors Influencing the Exchange Rate
Several factors have contributed to the observed fluctuations in the SEK/KRW exchange rate:
Economic Indicators: The economic performance of Sweden and South Korea, including GDP growth, inflation rates, and employment figures, significantly impacts their respective currencies. For instance, stronger economic growth in Sweden relative to South Korea can bolster the SEK against the KRW.
Interest Rates: Decisions by the central banks of both countries regarding interest rates influence investor behavior. Higher interest rates in Sweden compared to South Korea can attract foreign capital, increasing demand for the SEK and appreciating its value against the KRW.
Trade Balances: The trade relationship between Sweden and South Korea affects currency demand. A trade surplus in Sweden indicates higher demand for Swedish goods, leading to increased demand for the SEK, and vice versa.
Global Economic Events: Events such as geopolitical tensions, global financial crises, or pandemics can lead to currency volatility. Investors often seek safe-haven currencies during uncertain times, which can impact the SEK/KRW exchange rate.
Future Outlook
Forecasts suggest a continued appreciation of the SEK against the KRW throughout 2025. Projections indicate that the exchange rate could reach between 145.37 and 196.05 KRW per SEK by the end of the year, with an average annualized rate of 174.64 KRW per SEK. This represents a potential return on investment of approximately 35.75% compared to current rates.
However, it's essential to approach such forecasts with caution. Exchange rates are influenced by a myriad of unpredictable factors, including sudden economic shifts, policy changes, and unforeseen global events. Investors and businesses should stay informed about both Swedish and South Korean economic developments and consider consulting financial experts when making decisions related to currency exchange.
Conclusion
The SEK/KRW exchange rate has shown a pattern of appreciation for the Swedish Krona over the past year, influenced by various economic indicators and global events. While forecasts predict a continuation of this trend, the inherent volatility of currency markets necessitates careful monitoring and analysis.