The EUR to SEK exchange rate is currently range-bound.
Key drivers include:
- The European Central Bank's recent flexible approach to interest rates, maintaining balance between inflation control and economic growth.
- Sweden's GDP growth forecast is set to increase in 2026 to 2.6%, indicating a robust economic outlook that supports the SEK.
- Ongoing geopolitical tensions, particularly from the war in Ukraine, continue to create uncertainty, influencing the euro's stability.
The near-term trading range is expected to remain stable, with slight fluctuations around the current price level.
An upside risk could arise from improved risk sentiment in global markets, potentially bolstering the euro. Conversely, a downside risk includes further escalations in the Ukraine conflict, which could weaken demand for the euro and increase volatility in the market.
Current EUR to SEK level is approximately 10.75, 1.6% below the three-month average, and is influenced by recent oil price movements that have shown volatility.