Exchange Rate Calculator

The exchange rate between the Swedish Krona (SEK) and the Mexican Peso (MXN) has experienced notable fluctuations over the past year. Understanding these movements requires examining the economic indicators and monetary policies of both Sweden and Mexico, as well as global economic trends.

Recent Exchange Rate Trends

Over the past year, the SEK/MXN exchange rate has shown significant variability. In March 2025, the rate peaked at approximately 2.0248 MXN per SEK on March 11, 2025. (exchange-rates.org) This represents a substantial increase from the lowest point of 1.8089 MXN per SEK observed on December 25, 2024. (exchange-rates.org) The average exchange rate during this period was around 1.8811 MXN per SEK. (exchange-rates.org)

Factors Influencing the Exchange Rate

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

• Economic Indicators: Sweden's economic performance, including GDP growth and inflation rates, influences the strength of the SEK. Similarly, Mexico's economic indicators affect the MXN. Disparities in these indicators can lead to exchange rate adjustments.

• Monetary Policies: Decisions by the central banks of Sweden and Mexico regarding interest rates and monetary policies play a crucial role. For instance, if Sweden's central bank raises interest rates while Mexico's does not, the SEK may strengthen against the MXN.

• Global Economic Trends: External factors such as global trade dynamics, commodity prices, and geopolitical events can impact both currencies. For example, fluctuations in oil prices can affect Mexico's economy, given its status as an oil exporter, thereby influencing the MXN.

Historical Context

Historically, the SEK/MXN exchange rate has experienced periods of both stability and volatility. In 2021, the exchange rate ranged from approximately 2.30 MXN per SEK in August to around 2.39 MXN per SEK in April. (freecurrencyrates.com) These historical trends provide context for understanding recent fluctuations.

Implications for Stakeholders

For businesses and investors engaged in trade or investment between Sweden and Mexico, understanding the factors influencing the SEK/MXN exchange rate is essential. Exchange rate volatility can impact profit margins, pricing strategies, and investment returns. Implementing risk management strategies, such as hedging, can help mitigate potential adverse effects.

Conclusion

The SEK/MXN exchange rate is influenced by a complex interplay of economic indicators, monetary policies, and global economic trends. Recent fluctuations highlight the importance of closely monitoring these factors. Stakeholders should stay informed and consider appropriate risk management strategies to navigate the dynamic currency exchange landscape.