Exchange Rate Calculator

The exchange rate between the Swedish Krona (SEK) and the Mexican Peso (MXN) has exhibited notable fluctuations over the past few months, reflecting a dynamic interplay of economic factors and market sentiments. Understanding these trends is essential for businesses, investors, and individuals engaged in transactions involving these currencies.

Recent Exchange Rate Trends

In 2025, the SEK/MXN exchange rate has experienced significant variability. The highest recorded rate was 2.0859 MXN per SEK on April 8, 2025, while the lowest was 1.8303 MXN per SEK on January 7, 2025. The average exchange rate over this period was approximately 1.9661 MXN per SEK. (exchange-rates.org)

This upward trend in the SEK/MXN exchange rate indicates a strengthening of the Swedish Krona relative to the Mexican Peso during this timeframe.

Comparative Analysis with Previous Years

Comparing these figures to previous years provides additional context:

• 2024: The highest exchange rate was 1.9533 MXN per SEK on September 27, 2024, with an average rate of 1.7337 MXN per SEK. (exchange-rates.org)

• 2023: The exchange rate fluctuated between 1.53 and 1.67 MXN per SEK in the latter half of the year. (freecurrencyrates.com)

• 2022: In April 2022, the exchange rate ranged from 2.03 to 2.12 MXN per SEK. (freecurrencyrates.com)

These comparisons highlight a general strengthening of the Swedish Krona against the Mexican Peso over the past few years, with notable peaks in 2025.

Factors Influencing the Exchange Rate

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

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

2. Interest Rates: Decisions by the central banks of Sweden and Mexico regarding interest rates affect the attractiveness of their respective currencies. Higher interest rates typically draw investors seeking better returns, strengthening the currency.

3. Trade Balances: The balance of trade between the two countries impacts currency demand. A surplus in Sweden's trade balance with Mexico would increase demand for the Krona, appreciating its value against the Peso.

4. Global Economic Conditions: External factors, such as global commodity prices, economic crises, or pandemics, can lead to shifts in currency values as investors seek safe-haven assets or higher returns.

5. Political Stability: Political events, including elections and policy changes, can affect economic stability and investor confidence, thereby influencing exchange rates.

Implications for Stakeholders

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

• Businesses: Companies engaged in trade between Sweden and Mexico must consider exchange rate trends for pricing, budgeting, and financial planning. Hedging strategies may be employed to mitigate currency risk.

• Investors: Currency fluctuations can impact the returns on investments denominated in SEK or MXN. Investors should monitor economic indicators and central bank policies to make informed decisions.

• Travelers and Expatriates: Individuals traveling or residing between the two countries should be aware of exchange rate trends to manage expenses and remittances effectively.

Conclusion

The SEK/MXN exchange rate has shown significant variability over the past few months, with the Swedish Krona generally strengthening against the Mexican Peso. This trend is influenced by a complex interplay of economic indicators, interest rates, trade balances, global economic conditions, and political stability. Stakeholders should remain vigilant and consider these factors when making financial decisions involving these currencies.