Exchange Rate Calculator

The exchange rate between the South African Rand (ZAR) and the Swedish Krona (SEK) has experienced notable fluctuations over the past several months. As of July 3, 2025, the ZAR/SEK exchange rate stands at approximately 0.5385, indicating that one South African Rand is equivalent to 0.5385 Swedish Krona. (poundsterlinglive.com)

Recent Exchange Rate Trends

Over the past six months, the ZAR/SEK exchange rate has exhibited significant volatility. The highest rate during this period was 0.5973 SEK per ZAR on January 17, 2025, while the lowest was 0.5051 SEK per ZAR on April 10, 2025. (exchangerates.org.uk) This represents a fluctuation of approximately 15.5% between the peak and trough within this timeframe.

In the more recent three-month period, the exchange rate has shown a modest upward trend. From a low of 0.5051 SEK per ZAR in April, the rate has increased by approximately 4.99% to its current level. (exchangerates.org.uk) This upward movement suggests a strengthening of the Rand against the Krona in the short term.

Technical Analysis

Technical indicators as of February 28, 2025, suggested a bearish outlook for the ZAR/SEK pair. The Relative Strength Index (RSI) stood at 38.884, indicating a sell signal. Similarly, the Moving Average Convergence Divergence (MACD) was at -0.001, also signaling a sell. Moving averages further supported this bearish sentiment, with the 50-day simple moving average at 0.5798 and the 200-day simple moving average at 0.5794, both above the then-current price, indicating downward momentum. (au.investing.com)

Forecasts and Predictions

Looking ahead, forecasts for the ZAR/SEK exchange rate suggest a slight depreciation of the Rand against the Krona. Projections indicate that the exchange rate may reach 0.5100 by September 2025 and maintain that level through December 2025, with a potential increase to 0.5200 by June 2026. (exchangerates.org.uk) These forecasts imply a gradual weakening of the Rand over the next year.

Factors Influencing the Exchange Rate

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

• Economic Indicators: Differences in GDP growth rates, inflation, and interest rates between South Africa and Sweden can influence investor confidence and currency valuations.

• Geopolitical Events: Political stability, policy changes, and international relations can impact currency strength.

• Commodity Prices: South Africa's economy is heavily reliant on commodities. Fluctuations in commodity prices can affect the Rand's value.

• Global Economic Conditions: Global financial market trends and economic conditions can influence both currencies, affecting the exchange rate.

Conclusion

The ZAR/SEK exchange rate has experienced significant volatility over the past six months, with a general trend of depreciation of the Rand against the Krona. Technical indicators have suggested bearish momentum, and forecasts predict a continued gradual weakening of the Rand in the coming year. Investors and businesses engaged in transactions involving these currencies should monitor economic indicators and geopolitical developments in both countries to make informed decisions.