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    Sweden - Swedish krona - Currency Guide

     

    Foreign exchange guide to Sweden and the Swedish krona (SEK)

         

    USD/SEK Trend (90-day)

    USD to SEK at 8.5856 is 0.9% below its 90-day average, range 8.5455-8.8104.
    |
    1-DAY-0.6%
    30-DAYLOW
     

    The below interactive chart displays the USD/SEK trend and UP DOWN HIGH LOW alerts

     
    USD to SEK Currency Trend Chart

    General Currency Info - Swedish krona

    One krona is subdivided into 100 øre.

    Ordinarily, the Swedish krona is not of regular interest to market commentators or journalists, unlike the FX 'majors' – the euro, US dollar, Australian dollar, Swiss franc etc. The krona is, however, the world’s 9th most traded currency, according to 2016 data from the Bank for International Settlements, and it contributes more to total foreign exchange market volume (around 2.2%) than does the New Zealand dollar (2%), which is considered an FX major.

    Sweden retains the krona despite its membership of the European Union. In a national referendum in 2003, a majority of Swedish voters opposed adopting the euro as the nation’s currency and currently none of Sweden's major political parties are interested in revisiting the 'euro vs. krona' debate. In a survey of public opinion by the University of Gothenburg in 2013, only 9% of Swedes were in favour of adopting the euro.

    Since 1995, the krona’s lowest valuation against the US dollar came in July 2001 when USD/SEK reached 11.05. The currency was strongest in April 2008 when USD/SEK fell to just 5.82. Against the euro, since the single currency's introduction in 1999, EUR/SEK has traded between 8.02 and 11.79.

       

    SEK Forecasts and Trends

    It’s been a grim 16 months for the Swedish krona. In October hitting a record low of 9.90 per USD and falling to its weakest level against the euro since the wake of the financial crisis as global trade tensions continued to take a toll.

    2019 weakness has confounded forecasters, who predicted at the start of the year a much stronger currency based on expectations for higher interest rates in Sweden. With economic conditions changing for the worse, markets have now completely priced out any rate hike in 2019, spurring krona weakness.

    Danske Bank said in May that “EUR/SEK is somewhat overbought … however, we believe there is a clear risk that Swedish growth and inflation will undershoot the Riksbank’s forecasts … and that monetary policy will have to remain accommodative for the foreseeable future.” As a result, Danske raised its 12-month EUR/SEK forecast to 11.00 to reflect its more bearish krona outlook.

    US dollar to Swedish krona - Historical Rates

    USD/SEK wasChangePeriod
    8.6881
    13 Oct 2021
    1.2% 2 Weeks
    8.5545
    29 Jul 2021
    0.3% 90 Days
    8.7395
    27 Oct 2020
    1.8% 1 Year
    9.0005
    28 Oct 2016
    4.7% 5 Years
    6.3736
    30 Oct 2011
    34.6% 10 Years
    10.55
    01 Nov 2001
    18.7% 20 Years
    USD/SEK change over periods to 27-Oct-2021
     

    $10,000 USD
    =
    kr85,821 SEK

    Converted at USD/SEK interbank rate, compare Send Money and Currency Exchange exchange rates.

    USD to SEK - Quick Amounts

    Sell USD   →   Buy SEK
    USD SEK
    $ 1 kr 8.5821
    $ 5 kr 42.91
    $ 10 kr 85.82
    $ 20 kr 171.64
    $ 50 kr 429.11
    $ 100 kr 858.21
    $ 250 kr 2,146
    $ 500 kr 4,291
    $ 1,000 kr 8,582
    $ 2,000 kr 17,164
    $ 5,000 kr 42,911
    $ 10,000 kr 85,821
    $ 20,000 kr 171,642
    $ 50,000 kr 429,105
    $ 100,000 kr 858,210
    USD SEK
    $ 0.1165 kr 1
    $ 0.5825 kr 5
    $ 1.1650 kr 10
    $ 2.3300 kr 20
    $ 5.8250 kr 50
    $ 11.65 kr 100
    $ 29.13 kr 250
    $ 58.25 kr 500
    $ 116.50 kr 1,000
    $ 233.00 kr 2,000
    $ 582.50 kr 5,000
    $ 1,165 kr 10,000
    $ 2,330 kr 20,000
    $ 5,825 kr 50,000
    $ 11,650 kr 100,000

    More amounts

     

    Frequently Asked Questions

     

    What currency should I use in Sweden?

    The domestic currency in Sweden is the Swedish krona.

    What is the Swedish krona currency code and symbol?

    The three letter currency code for the Swedish krona is SEK — symbol is kr.

    Which countries use the Swedish krona?

    It is the domestic currency in    Sweden.

    Is the Swedish krona a closed currency?

    No, the Swedish krona is freely available and convertible. See guide: What is a closed currency?

     

    Travel, Currency and Money saving tips for Sweden

    With almost ten million locals, Sweden is a small but lovely country. From the frozen lands up north to the rugged western coast to the picturesque islands in Stockholm, there is so much history in the country and the populace has preserved it wonderfully. The country isn’t cheap, and people often skip it until they have more funds, but it’s never too soon to see Sweden.

    One of the best things about Sweden is its natural assets. Indeed, to really appreciate this country’s magnetism, take time to leave the city behind. Whether you're sailing across an archipelago to a lonely island or trekking along a mountain trail flanked by snowcapped peaks, the sense of space, solitude and freedom is matched by few corners of Western Europe.

    Is the Euro accepted in Sweden?

    Sweden does not currently use the euro as its currency and has no plans to replace the krona in the near future. This is the same situation in all the Scandinavian countries - Denmark, Norway and Iceland. You may find some shops that will accept the Euro but watch out for the EUR/SEK exchange rates they offer.

    ATMs in Sweden. Cirrus, Plus and other networks provide connectivity to ATMs across Scandinavia, so you can use your Mastercard or Visa debit or credit card to withdraw money. Banks in Sweden impose fees when non-customers use their ATMs, and the fee is usually higher for international cards.

    How to get around in Sweden?

    Public transport is heavily subsidised and well organised. It’s divided into 21 regional networks (länstrafik), but with an overarching Resplus system (www.samtrafiken.se), where one ticket is valid on trains and buses. Timetables are available online.

    Domestic flights link various towns and cities in Sweden and can be a fast, if not particularly cheap, way of getting around. There are 30-odd small regional airports located throughout the country. Flying domestic is expensive on full-price tickets, but discounts are available on internet bookings, student and youth fares, off-peak travel, return tickets booked in advance, and low-price tickets for accompanying family members and seniors.

    There is a comprehensive network of buses throughout Sweden and you can travel on any of the 21 good-value and extensive länstrafik networks as well as on national long-distance routes. In general, travelling by bus is cheaper than by train.

    Like most of Scandinavia, Sweden is an extremely bike-friendly country with a well-developed network of cycle paths in and around its towns and cities. There are also well-marked cycle routes around the country. Comprehensive cycling maps showing scenic trails are published by the Swedish Cycling Society and available in bookshops.

    Rail passes are usually a great value in Sweden, often saving money over otherwise-expensive tickets while allowing you to hop trains at your convenience (though some longer-distance trains do require reservations. You'll need seat reservations ($5–20) for many long rides and express trains, such as the "SJ-Highspeed" class of trains, as indicated in online train schedules. Some reservations aren't available outside Europe, but they don't generally sell out terribly far in advance. Private and shared sleepers on night trains are both available with second-class rail passes.

    An extensive boat network and the five-day Båtluffarkortet (Boat Hiking Pass; 420kr) open up the attractive Stockholm archipelago. Gotland is served by regular ferries from Nynäshamn and Oskarshamn, and the quaint fishing villages off the west coast can normally be reached by boat with a regional transport pass – enquire at the Gothenburg tourist offices. Canals provide cross-country routes linking Sweden's main lakes. The longest cruises, on the Göta Canal from Söderköping (south of Stockholm) to Gothenburg, run from late May to August, take at least four days and include the lakes between.

    Travel tips for Sweden.

    The northern end of Sweden is home to the Sami people. One of Europe's few indigenous people, their rich and ancient traditions offer a very different take on the Swedish experience. To the Sami, northern Sweden is known as Sápmi and its wild wilderness is the best place to sample Sami culture. Spend a night or two in a Sami reindeer camp, take a dogsledding tour, or simply dig into local flavours at a Sami restaurant. All offer memorable, thought-provoking insight into an oft-overlooked side of the country's cultural tapestry.

    History is written large in Sverige. Ancient rune stones poke up out of grassy parks, while huge stone-ship settings and burial mounds recall long-gone kings and chiefs. Across the country, walled medieval cities, seaside fortresses, turreted palaces and revealing museums attest to Sweden's long and complex backstory.

    It’s the social, ecological, and financial norm to drink water straight from the tap. Sweden’s water supply is well filtered and incredibly clean, so the majority of the environmentally-conscious country’s citizens choose to pass on drinking water from plastic bottles.

     

    Travel money for Sweden

    Save money and time by Ordering your Swedish krona online from Travelex, you get better rates and can pick up the SEK cash locally or even on travel day at the airport.

    Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

    For card purchases if offered a choice of currencies always select to Pay in Swedish krona otherwise you may get much worst exchange rates.

     

    Send Money to Sweden - Best Rates

    To get a good (and fair) exchange rate when sending money to Sweden you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


    Get a better deal for foreign transfers to Sweden

    When sending money to Sweden it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

    1. Open an account with a BER reviewed FX provider (id docs may be required)
    2. You specify the local or Swedish krona amount you want to transfer
    3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
    4. Once your funds are received by the provider the converted SEK amount will be transfered to the recipient account you specify in Sweden.

    Use the above Send to Swedish krona calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Swedish krona deposited into the recipient bank account and less margins and fees kept by the banks!


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