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. This report provides an analysis of the recent trends, underlying factors influencing these movements, and forecasts for the near future.

Recent Exchange Rate Trends

Over the past six months, the SEK/MXN exchange rate has experienced a general upward trend. From September 16, 2024, to March 14, 2025, the rate increased by approximately 4.14%, with the highest value recorded at 2.0248 MXN per SEK on March 11, 2025, and the lowest at 1.8089 MXN per SEK on December 25, 2024.

In the first quarter of 2025, the exchange rate continued its upward trajectory. On March 6, 2025, the rate stood at 2.0046 MXN per SEK, marking a 1.50% increase from the previous day. By March 17, 2025, the rate was 1.9709 MXN per SEK.

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Differences in GDP growth, inflation rates, and interest rates between Sweden and Mexico can impact the exchange rate. For instance, if Sweden's economy grows faster than Mexico's, the SEK may strengthen against the MXN.

2. Central Bank Policies: Decisions by the Riksbank (Sweden's central bank) and the Banco de México regarding interest rates and monetary policies influence investor confidence and currency valuation.

3. Global Market Sentiment: Investor risk appetite, influenced by global economic conditions, can lead to capital flows between emerging markets like Mexico and developed markets like Sweden, affecting their currencies.

4. Commodity Prices: Mexico's economy is significantly influenced by oil exports. Fluctuations in oil prices can impact the MXN's value, thereby affecting the SEK/MXN exchange rate.

Forecasts and Projections

Looking ahead, various forecasts suggest a continued appreciation of the SEK against the MXN:

• Short-Term Forecasts: Predictions indicate that the SEK/MXN exchange rate could reach approximately 2.07 MXN per SEK in the next month, representing a 4.23% increase from the current rate.

• Medium-Term Forecasts: By the end of 2025, the exchange rate is projected to average around 1.9800 MXN per SEK, with values expected to range between 1.9761 and 1.9840.

• Long-Term Forecasts: Over the next five years, the exchange rate is anticipated to reach approximately 2.82 MXN per SEK, indicating a 42.20% increase compared to the current rate.

Conclusion

The SEK/MXN exchange rate has shown an upward trend over the past few months, influenced by economic indicators, central bank policies, global market sentiment, and commodity prices. Forecasts suggest a continued appreciation of the SEK against the MXN in the short to medium term. However, exchange rates are subject to volatility due to various unpredictable factors, and actual future rates may differ from current projections.