Exchange Rate Calculator

The exchange rate between the Swedish Krona (SEK) and the New Taiwan Dollar (TWD) has exhibited notable fluctuations over the past few months. Understanding these movements requires an examination of recent trends, underlying economic factors, and potential future developments.

Recent Exchange Rate Trends

Over the six-month period from October 2024 to April 2025, the SEK/TWD exchange rate has experienced significant variability. The highest recorded rate during this timeframe was 3.3855 TWD per SEK on April 3, 2025, while the lowest was 2.9306 TWD per SEK on November 25, 2024. The average exchange rate over these six months stood at approximately 3.0524 TWD per SEK.

In 2024, the exchange rate reached its peak at 3.1825 TWD per SEK on August 20, with an average rate of 3.0371 TWD per SEK for the year. The lowest point was 2.9331 TWD per SEK on December 25, 2024.

As of May 3, 2025, the exchange rate is approximately 3.2930 TWD per SEK.

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Key economic metrics such as GDP growth, inflation rates, and interest rates in both Sweden and Taiwan significantly impact their respective currencies. For instance, if Sweden's economy grows at a faster pace than Taiwan's, the SEK may strengthen against the TWD.

2. Monetary Policies: Decisions by the central banks of Sweden (Riksbank) and Taiwan (Central Bank of the Republic of China) regarding interest rates and monetary policies influence investor confidence and capital flows, thereby affecting the exchange rate.

3. Trade Balances: The trade balance between the two countries also plays a role. A trade surplus in Sweden relative to Taiwan can lead to a stronger SEK against the TWD, and vice versa.

4. Global Economic Conditions: External factors such as global economic trends, geopolitical events, and market sentiment can cause investors to shift their portfolios, impacting currency values.

Future Outlook

Forecasts suggest a bullish trend for the SEK/TWD exchange rate in the coming months. Analysts predict that the rate could increase by approximately 36.66% over the next six months, potentially reaching 4.45 TWD per SEK. Over the next year, the exchange rate is expected to rise by about 43.08%, reaching 4.66 TWD per SEK. Looking further ahead, a 75% increase is projected over the next five years, which would place the exchange rate at approximately 5.70 TWD per SEK.

Implications for Stakeholders

For businesses and investors engaged in transactions between Sweden and Taiwan, these exchange rate movements have several implications:

• Exporters and Importers: Swedish exporters to Taiwan may benefit from a stronger SEK, as it increases their revenue in domestic currency terms. Conversely, Taiwanese exporters to Sweden might face challenges due to higher costs for Swedish consumers.

• Investors: Those holding assets denominated in SEK could see increased returns if the currency appreciates as forecasted. However, currency fluctuations also introduce risks that need to be managed through hedging strategies.

• Travelers: Individuals traveling between the two countries will find that exchange rate changes affect the cost of goods and services, influencing travel budgets.

Conclusion

The SEK/TWD exchange rate has shown considerable volatility over the past few months, influenced by a range of economic indicators and policies. While forecasts indicate a potential strengthening of the SEK against the TWD in the near future, stakeholders should remain vigilant and consider the inherent uncertainties in currency markets.