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. This report provides an analysis of the recent trends, technical indicators, and forecasts to offer a comprehensive understanding of the ZAR/SEK currency pair.

Recent Exchange Rate Trends

Between September 25, 2024, and March 22, 2025, the ZAR/SEK exchange rate exhibited significant volatility. The highest recorded rate during this period was 0.64190 SEK per ZAR on November 15, 2024, while the lowest was 0.55017 SEK per ZAR on March 11, 2025. The average exchange rate over these six months was approximately 0.59156 SEK per ZAR. (exchangerates.org.uk)

In early 2025, the exchange rate continued to fluctuate. On January 17, 2025, the rate peaked at 0.5973 SEK per ZAR, marking the highest point for that year. Conversely, the lowest rate was observed on February 13, 2025, at 0.5804 SEK per ZAR. (exchange-rates.org)

Technical Analysis

As of February 28, 2025, technical indicators suggested a bearish outlook for the ZAR/SEK pair. The Relative Strength Index (RSI) stood at 38.884, indicating a sell signal. Other indicators, such as the Moving Average Convergence Divergence (MACD) and the Average Directional Index (ADX), also pointed towards selling pressure. (au.investing.com)

Moving averages further supported this bearish sentiment. Both simple and exponential moving averages across various periods (5, 10, 20, 50, 100, and 200 days) signaled sell actions, with only the 5-day simple moving average indicating a buy signal. (au.investing.com)

Forecasts and Projections

Looking ahead, forecasts for the ZAR/SEK exchange rate present a mixed picture. One projection anticipates the rate to reach 0.64 SEK per ZAR in three months, representing a 26.01% increase from the current rate of 0.5079 SEK per ZAR. (exchangerates.org.uk)

Another forecast provides monthly projections for the next two years, suggesting a gradual increase in the exchange rate. For instance, the average rate for June 2025 is projected at 0.6108 SEK per ZAR, with a minimum of 0.6078 and a maximum of 0.6139. By June 2026, the average rate is expected to rise to 0.6175 SEK per ZAR. (midforex.com)

Factors Influencing the Exchange Rate

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

• Economic Indicators: Differences in economic performance between South Africa and Sweden, such as GDP growth rates, inflation, and employment figures, can influence investor confidence and currency valuations.

• Monetary Policies: Decisions by the South African Reserve Bank and the Sveriges Riksbank regarding interest rates and monetary policies can impact the attractiveness of their respective currencies.

• Political Stability: Political events and stability in both countries can affect investor sentiment and, consequently, the exchange rate.

• Global Market Trends: Commodity prices, especially those relevant to South Africa's exports, and global economic conditions can also play a significant role in determining the exchange rate.

Conclusion

The ZAR/SEK exchange rate has demonstrated considerable volatility over the past several months, influenced by a combination of technical factors and broader economic conditions. While some forecasts suggest a potential appreciation of the Rand against the Krona in the coming months, the overall outlook remains uncertain. Investors and stakeholders should closely monitor economic indicators, central bank policies, and global market trends to make informed decisions regarding this currency pair.