Exchange Rate in Sweden

Sweden Exchange Rate | Economic News & Forecasts

Sweden - Exchange Rate

The economy will likely contract for the second consecutive quarter in Q2, under the strain of the effects of the coronavirus pandemic and associated social distancing measures. Since March, the government has advised citizens against non-essential travel, closed in-person attendance of high schools and universities, and banned gatherings of over 50 people. Meanwhile, the global economy has gone into a deep downturn, weighing on demand for Swedish exports. Although the economic tendency indicator, which measures business and consumer confidence, improved slightly in May, it still remained close to April’s reading, which marked an all-time low since current records began in 1996. Moreover, the unemployment rate rose sharply in April to the highest level since November 2014. This all comes after comprehensive data released on 29 May showed the economy grew meekly in Q1.

Sweden - Exchange Rate Data

2015   2016   2017   2018   2019  
Exchange Rate (vs USD)8.45  9.11  8.20  8.85  9.36  

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Sweden Exchange Rate Chart

Sweden Exchange Rate
Note: Swedish krona (SEK) per euro.
Source: Thomson Reuters.

Sweden Facts

Value Change Date
Bond Yield0.15-4.79 %Jan 01
Exchange Rate9.36-0.20 %Jan 01

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