Tools / Exchange Rate Calculator
Exchange Rate Calculator
Convert between currencies and track historical exchange rates
Amount
1.70 NZD
Exchange Rate
as of May 20, 2025 at 5:45 PM
1 SEK =
0.17 NZD
Market analysis of SEK to NZD currency exchange rates
Analysis as of April 2025
The exchange rate between the Swedish Krona (SEK) and the New Zealand Dollar (NZD) has experienced notable fluctuations over the past several months. This report provides an analysis of the recent trends, underlying factors influencing these movements, and forecasts for the SEK/NZD currency pair.
Recent Exchange Rate Trends
Over the past six months, the SEK/NZD exchange rate has exhibited a general upward trend. As of May 3, 2025, the exchange rate stands at approximately 0.1736, meaning one Swedish Krona equals 0.1736 New Zealand Dollars. This represents a 5.25% increase over the past 30 days and a 7.58% increase over the past 90 days.
Factors Influencing the Exchange Rate
Several factors have contributed to the recent movements in the SEK/NZD exchange rate:
Economic Performance: Sweden's economy has shown signs of strengthening, with improvements in key indicators such as GDP growth and employment rates. Conversely, New Zealand's economy has faced challenges, including a slowdown in key sectors like agriculture and tourism.
Monetary Policy: The Swedish central bank has maintained a relatively stable monetary policy, while the Reserve Bank of New Zealand has implemented measures that have led to a depreciation of the NZD.
Global Market Sentiment: Investor sentiment has favored the Swedish Krona due to Sweden's economic stability, leading to increased demand for SEK.
Forecasts and Projections
Looking ahead, various forecasts suggest a potential decline in the SEK/NZD exchange rate. For instance, one projection anticipates the rate to decrease to 0.156 in two months, a 3.53% drop from the current rate. Another forecast predicts a slight decrease to 0.172 over the next year.
Conclusion
In summary, the SEK/NZD exchange rate has experienced an upward trend in recent months, influenced by factors such as economic performance, monetary policy, and global market sentiment. However, forecasts indicate a potential decline in the exchange rate in the near future. Investors and stakeholders should monitor these developments closely to make informed decisions regarding the SEK/NZD currency pair.
Convert SEK to NZD
Convert SEK to other currencies
