Exchange Rate Calculator

The exchange rate between the Swedish Krona (SEK) and the New Taiwan Dollar (TWD) has experienced 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

Between October 2024 and April 2025, the SEK/TWD exchange rate exhibited significant variability. In October 2024, the rate was approximately 3.0643 TWD per SEK. By November 2024, it had declined to around 2.9707 TWD per SEK. This downward trend continued into December 2024 and January 2025, with rates of 2.9674 and 2.9643 TWD per SEK, respectively. However, a reversal occurred in February 2025, as the rate increased to 3.0363 TWD per SEK, and further rose to 3.2119 TWD per SEK by mid-March 2025. (ofx.com)

Factors Influencing the Exchange Rate

Several factors have contributed to these fluctuations:

• Economic Indicators: Sweden's economic performance, including GDP growth and inflation rates, directly impacts the SEK's value. Similarly, Taiwan's economic health influences the TWD. Disparities in these indicators can lead to exchange rate adjustments.

• Monetary Policies: Decisions by the Sveriges Riksbank (Sweden's central bank) and the Central Bank of the Republic of China (Taiwan's central bank) regarding interest rates and monetary policies affect currency valuations. For instance, an interest rate hike in Sweden could strengthen the SEK relative to the TWD.

• Global Economic Events: International trade dynamics, geopolitical tensions, and global financial market trends can influence investor confidence and currency demand, thereby affecting the SEK/TWD exchange rate.

Historical Context

Looking back, the SEK/TWD exchange rate has seen various highs and lows. In April 2025, the rate peaked at 3.3855 TWD per SEK, while in November 2024, it reached a low of 2.9306 TWD per SEK. These historical data points underscore the exchange rate's volatility and the multitude of factors at play. (exchangerates.org.uk)

Future Outlook

Predicting future exchange rate movements is inherently challenging due to the complex interplay of economic indicators, policy decisions, and unforeseen global events. However, monitoring key economic data releases from both Sweden and Taiwan, central bank communications, and global economic developments can provide insights into potential trends.

Conclusion

The SEK/TWD exchange rate has demonstrated considerable variability over recent months, influenced by a range of economic and policy factors. Staying informed about these elements is crucial for individuals and businesses engaged in transactions involving these currencies.