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. This report provides an analysis of the SEK/TWD exchange rate trends, highlighting key movements and potential influencing factors.

Recent Exchange Rate Trends

January 2025: The SEK/TWD exchange rate began the year at approximately 2.96 TWD per SEK. Throughout the month, the rate remained relatively stable, with minor fluctuations. The highest rate recorded was 3.00 TWD on January 28, and the lowest was 2.94 TWD on January 20, resulting in an overall increase of 0.78% for the month. (goodreturns.in)

February 2025: The exchange rate continued its upward trend, starting at 2.97 TWD and ending at 3.06 TWD by February 28. The highest rate during this period was 3.09 TWD on February 24, and the lowest was 2.95 TWD on February 3, marking a 2.92% increase over the month. (goodreturns.in)

March 2025: March saw a significant rise in the SEK/TWD exchange rate. Beginning at 3.06 TWD, the rate climbed to 3.32 TWD by March 31. The highest rate was 3.32 TWD on March 31, and the lowest was 3.06 TWD on March 1, culminating in a 7.89% increase for the month. (goodreturns.in)

April 2025: The upward momentum continued into April, with the exchange rate starting at 3.31 TWD and ending at 3.33 TWD on April 30. The peak rate was 3.41 TWD on April 22, and the lowest was 3.29 TWD on April 10, resulting in a modest 0.53% increase for the month. (goodreturns.in)

May 2025: In May, the exchange rate experienced a decline. It began at 3.32 TWD and fell to 3.12 TWD by May 31. The highest rate was 3.32 TWD on May 1, and the lowest was 3.08 TWD on May 19, reflecting a 6.34% decrease over the month. (goodreturns.in)

June 2025: The downward trend persisted in June, with the rate starting at 3.12 TWD and ending at 3.07 TWD on June 30. The highest rate was 3.14 TWD on June 3, and the lowest was 3.05 TWD on June 27, indicating a 1.56% decrease for the month. (goodreturns.in)

Factors Influencing the Exchange Rate

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

1. Economic Indicators: Variations in GDP growth, inflation rates, and employment figures in both Sweden and Taiwan can impact investor confidence and currency valuations.

2. Interest Rates: Decisions by the central banks of Sweden and Taiwan regarding interest rates influence capital flows. Higher interest rates typically attract foreign investment, strengthening the currency.

3. Trade Balances: The trade balance between Sweden and Taiwan affects demand for each other's currencies. A trade surplus in Sweden, for example, increases demand for SEK, potentially appreciating its value against TWD.

4. Global Economic Conditions: Global events, such as economic crises or geopolitical tensions, can lead to shifts in investor behavior, impacting exchange rates.

5. Market Sentiment: Speculative activities and market perceptions about future economic performance can cause short-term volatility in exchange rates.

Conclusion

The SEK/TWD exchange rate has exhibited both upward and downward trends over the past six months, influenced by a complex interplay of economic indicators, monetary policies, trade balances, global economic conditions, and market sentiment. Understanding these factors is crucial for businesses and investors engaged in transactions between Sweden and Taiwan. Continuous monitoring of these elements will aid in making informed decisions regarding currency exchange and financial planning.