Exchange Rate Calculator

The exchange rate between the US Dollar (USD) and the Swedish Krona (SEK) has experienced notable fluctuations over the past few months, reflecting a dynamic interplay of economic factors and market sentiments. As of March 21, 2025, the USD/SEK exchange rate stood at 10.10, indicating a depreciation of the USD against the SEK compared to earlier in the year. (ycharts.com)

Recent Exchange Rate Trends

In early January 2025, the USD/SEK exchange rate was approximately 11.28, marking a peak in the USD's strength against the SEK. (ycharts.com) However, by March 21, 2025, the rate had declined to 10.10, representing a depreciation of about 10.5% over this period. (ycharts.com) This downward trend suggests a strengthening of the SEK relative to the USD.

Factors Influencing the Exchange Rate

Several factors have contributed to the observed movements in the USD/SEK exchange rate:

1. Monetary Policy Divergences: The Federal Reserve's monetary policy decisions, including interest rate adjustments, have influenced the USD's value. Similarly, the Riksbank's policies have impacted the SEK. Any divergence in these policies can lead to fluctuations in the exchange rate.

2. Economic Indicators: Key economic indicators such as GDP growth, inflation rates, and employment figures in both the US and Sweden have played a role. For instance, stronger-than-expected economic performance in Sweden can bolster the SEK.

3. Global Market Sentiment: Investor sentiment, influenced by geopolitical events and global economic conditions, affects currency valuations. Periods of uncertainty often lead investors to seek safe-haven currencies, impacting the USD/SEK rate.

Forecast and Outlook

Looking ahead, some forecasts suggest that the USD/SEK exchange rate may experience further fluctuations. For example, projections indicate a potential rise to 10.8694 in three months, which would be a 7.68% increase from the current rate. (exchangerates.org.uk) However, exchange rate forecasts are inherently uncertain and subject to change based on evolving economic conditions and policy decisions.

Conclusion

The USD/SEK exchange rate has exhibited significant volatility in recent months, influenced by a complex array of economic indicators, monetary policies, and global market sentiments. While current trends indicate a strengthening of the SEK against the USD, future movements will depend on ongoing economic developments and policy decisions in both countries.