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Amount

SGD

0.13 SGD

Exchange Rate

as of July 05, 2025 at 5:41 AM

SEK 1 SEK = SGD 0.13 SGD

Market analysis of SEK to SGD currency exchange rates

Analysis as of April 2025

The exchange rate between the Swedish Krona (SEK) and the Singapore Dollar (SGD) has exhibited notable fluctuations over the past few months, influenced by various economic factors and market dynamics. This report provides an in-depth analysis of the SEK/SGD exchange rate, examining historical trends, technical indicators, and future projections to offer a comprehensive understanding of its behavior.

Historical Exchange Rate Trends

In 2025, the SEK/SGD exchange rate has experienced significant variability. The highest recorded rate was 0.1370 SGD per SEK on April 21, 2025, while the lowest was 0.1218 SGD per SEK on January 13, 2025. The average exchange rate during this period was approximately 0.1304 SGD per SEK. This indicates an overall appreciation of the Swedish Krona against the Singapore Dollar by about 8.84% over the year. (exchange-rates.org)

Over the past six months, the exchange rate has shown an upward trend. Starting from a low of 0.1218 SGD per SEK in January, it reached a peak of 0.1370 SGD per SEK in April. This upward movement suggests a strengthening of the Swedish Krona relative to the Singapore Dollar during this period. (exchange-rates.org)

Technical Analysis

As of February 6, 2025, technical indicators for the SEK/SGD currency pair presented mixed signals. The Relative Strength Index (RSI) stood at 58.099, indicating a buy signal, while the Stochastic Oscillator was at 33.874, suggesting a sell signal. The Moving Average Convergence Divergence (MACD) was at 0, indicating a neutral stance. Overall, the summary of technical indicators leaned towards a strong sell, whereas moving averages suggested a strong buy, resulting in a neutral overall summary. (investing.com)

Factors Influencing the Exchange Rate

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

  • Interest Rate Differentials: The monetary policies of Sweden and Singapore, particularly their interest rate decisions, have played a significant role. Differences in interest rates can attract or repel investors, influencing currency demand and exchange rates.

  • Economic Indicators: Key economic indicators such as GDP growth, inflation rates, and trade balances in both countries have impacted investor confidence and currency valuations.

  • Global Economic Conditions: Global events, including changes in commodity prices and geopolitical developments, have also affected the exchange rate dynamics between the SEK and SGD.

Future Projections

Forecasts for the SEK/SGD exchange rate suggest a potential increase in the coming months. Projections indicate that the rate could rise by approximately 3.02% over the next six months, reaching around 0.1387 SGD per SEK. Over the next year, the exchange rate is expected to see an 11.98% increase, potentially reaching 0.1507 SGD per SEK. However, over a five-year horizon, the rate is projected to be around 0.1370 SGD per SEK, reflecting a modest 1.82% increase from current levels. (coincodex.com)

Conclusion

The SEK/SGD exchange rate has demonstrated significant volatility over the past few months, influenced by a complex interplay of economic indicators, interest rate differentials, and global economic conditions. While technical analyses have provided mixed signals, future projections suggest a potential appreciation of the Swedish Krona against the Singapore Dollar in the short to medium term. Investors and stakeholders should closely monitor these factors to make informed decisions regarding this currency pair.