Exchange Rate Calculator

The exchange rate between the Swedish Krona (SEK) and the South Korean Won (KRW) has exhibited notable fluctuations over the past few months. This report provides an analysis of the recent trends, underlying factors influencing these movements, and potential implications for stakeholders.

Recent Exchange Rate Trends

In 2024, the SEK/KRW exchange rate experienced a range between a low of 125.19 KRW per SEK on May 6 and a high of 133.96 KRW per SEK on December 27, with an average rate of 128.95 KRW per SEK throughout the year. (exchange-rates.org)

In 2025, the exchange rate continued to fluctuate. The lowest point was recorded on January 14, with 1 SEK equating to 129.64 KRW. The rate peaked on April 28 at 149.82 KRW per SEK. As of June 28, 2025, the exchange rate stood at 143.79 KRW per SEK. (exchangerates.org.uk)

Factors Influencing the Exchange Rate

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

1. Interest Rate Differentials: The monetary policies of Sweden and South Korea, particularly decisions regarding interest rates, play a significant role in currency valuation. Divergences in interest rates can attract or deter investors, influencing demand for the respective currencies.

2. Economic Performance: Indicators such as GDP growth, inflation rates, and trade balances affect investor confidence and currency strength. For instance, robust economic performance in Sweden can bolster the SEK, while economic challenges in South Korea may weaken the KRW.

3. Global Market Sentiment: External factors, including geopolitical events, global economic trends, and shifts in commodity prices, can impact both currencies. For example, fluctuations in global trade dynamics or changes in demand for key exports can influence the SEK/KRW exchange rate.

4. Historical Correlations: The Swedish Krona has historically exhibited correlations with other Scandinavian currencies, such as the Norwegian Krone. Factors affecting these currencies, including oil prices and regional economic policies, can indirectly influence the SEK's performance against the KRW. (ft.com)

Implications for Stakeholders

Understanding the dynamics of the SEK/KRW exchange rate is crucial for various stakeholders:

• Businesses: Companies engaged in trade between Sweden and South Korea must monitor exchange rate trends to manage costs, pricing strategies, and profit margins effectively.

• Investors: Currency fluctuations can impact the returns on investments denominated in SEK or KRW. Investors should consider exchange rate trends when making decisions about asset allocation and risk management.

• Policy Makers: Central banks and government agencies need to consider exchange rate movements when formulating monetary and fiscal policies to ensure economic stability and competitiveness.

Conclusion

The SEK/KRW exchange rate has experienced significant fluctuations over the past year and a half, influenced by a complex interplay of interest rate differentials, economic performance, global market sentiment, and historical correlations. Stakeholders should remain vigilant, continuously monitoring these factors to make informed decisions in an ever-changing economic landscape.