Exchange Rate Calculator

The exchange rate between the Swedish Krona (SEK) and the South African Rand (ZAR) has exhibited notable fluctuations over the past six months, reflecting a dynamic interplay of economic factors and market sentiments. As of July 3, 2025, the SEK/ZAR exchange rate stands at approximately 1.8567, indicating that one Swedish Krona is equivalent to 1.8567 South African Rand. (poundsterlinglive.com)

Recent Exchange Rate Trends

Over the past six months, the SEK/ZAR exchange rate has experienced significant volatility. On January 17, 2025, the rate reached a low of 1.6741, while on April 10, 2025, it peaked at 1.9796. This represents an approximate 18% increase from the January low to the April high. (exchangerates.org.uk) The average exchange rate during this period was around 1.8128.

Factors Influencing the Exchange Rate

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

• Economic Indicators: Differences in economic performance between Sweden and South Africa, including GDP growth rates, inflation, and employment figures, have influenced investor confidence and currency valuations.

• Monetary Policies: Decisions by the central banks of both countries regarding interest rates and monetary policies have impacted the attractiveness of their respective currencies.

• Global Market Sentiment: Global economic events, commodity price changes, and geopolitical developments have also played a role in currency movements.

Technical Analysis

Technical indicators have provided insights into the SEK/ZAR exchange rate movements. As of early January 2025, the Relative Strength Index (RSI) was at 65.005, suggesting a buying trend. Other indicators, such as the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX), also pointed towards a bullish momentum during that period. (investing.com)

Forecasts and Projections

Looking ahead, various forecasts suggest a potential appreciation of the Swedish Krona against the South African Rand. Projections indicate that the SEK/ZAR exchange rate could reach approximately 1.9608 by September 2025 and maintain that level through December 2025. By June 2026, the rate is expected to slightly decrease to 1.9231. (exchangerates.org.uk) These forecasts are based on anticipated economic trends and market conditions.

Conclusion

The SEK/ZAR exchange rate has demonstrated considerable volatility over the past six months, influenced by a range of economic indicators and market dynamics. While recent trends and technical analyses have indicated a bullish momentum for the Swedish Krona, future projections suggest a potential appreciation against the South African Rand in the coming months. Investors and stakeholders should remain attentive to ongoing economic developments and central bank policies in both countries to make informed decisions regarding this currency pair.