This is a foreign exchange guide to Sweden, the Swedish Krona currency plus SEK transfers and travel tips.
In this Sweden currency guide we take a look at :
- Swedish Krona info - general info about the Swedish Krona
- Swedish Krona in the markets - recent SEK moves and predictions from the FX markets
- Travelling in Sweden - currency & money saving tips
- Buying Swedish Krona cash online - travel money for Sweden
- Sending money to Sweden - save on Swedish Krona bank transfers to Sweden
- Swedish Krona exchange rates - latest & historic exchange rates.
Swedish Krona (SEK) general currency information
What is the Swedish Krona currency code and symbol?
The three letter currency code for the Swedish Krona is SEK and the symbol is kr.
Which countries use the Swedish Krona?
It is the domestic currency in Sweden.
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.
Swedish Krona (SEK) in the markets
November-23: The krona has gained 4 percent against the euro since falling to a rate of kr10.729 in late August. Now at kr10.3 per euro, the krona has appreciated as a result of Brexit-related euro weakness but also because of speculation of a Swedish interest rate hike in either December or February — if enacted, the first rate hike in 7 years.
The Riksbank has targeted inflation at 2 percent, and August and September’s annualized inflation rates of 2.3 percent support the idea of tighter monetary policy.
The krona, which is also marginally stronger since August against the US dollar, might have appreciated further had Sweden not come to a political standstill following September 9th’s election.
Forecasters at Lloyds said in November that the coming year would see the krona appreciate relative to the euro by nearly 7 percent, to kr9.65.
The interactive chart below shows the USD to SEK exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.
Travel, Currency and Money saving tips for Sweden
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.
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.
Sweden Trip Checklist
Sending money to Sweden
When searching around for information on how to get a good exchange rate when sending money to Sweden you need to start with finding out the latest Swedish Krona foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).
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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Swedish Krona amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted SEK amount will be transfered to the recipient account you specify in Sweden.
Use our Send to SEK 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!
Bank Transfers to Sweden
Popular SEK cross rates
SEK/USD - Swedish Krona to United States Dollar - 10 Year History
|02 Dec 2018||0.1103||1 Week|
|09 Nov 2018||0.1102||1 Month|
|12 Jun 2018||0.1158||6 Months|
|09 Dec 2017||0.1184||1 Year|
|09 Dec 2016||0.1091||2 Years|
|10 Dec 2013||0.1530||5 Years|
|11 Dec 2008||0.1253||10 Years|
SEK/EUR - Swedish Krona to Euro - 10 Year History
|02 Dec 2018||0.0972||1 Week|
|09 Nov 2018||0.0972||1 Month|
|12 Jun 2018||0.0985||6 Months|
|09 Dec 2017||0.1006||1 Year|
|09 Dec 2016||0.1033||2 Years|
|10 Dec 2013||0.1112||5 Years|
|11 Dec 2008||0.0942||10 Years|
SEK/GBP - Swedish Krona to British Pound Sterling - 10 Year History
|02 Dec 2018||0.0865||1 Week|
|09 Nov 2018||0.0849||1 Month|
|12 Jun 2018||0.0866||6 Months|
|09 Dec 2017||0.0884||1 Year|
|09 Dec 2016||0.0868||2 Years|
|10 Dec 2013||0.0930||5 Years|
|11 Dec 2008||0.0838||10 Years|
SEK/JPY - Swedish Krona to Japanese Yen - 10 Year History
|02 Dec 2018||12.5447||1 Week|
|09 Nov 2018||12.5383||1 Month|
|12 Jun 2018||12.7860||6 Months|
|09 Dec 2017||13.4350||1 Year|
|09 Dec 2016||12.5488||2 Years|
|10 Dec 2013||15.7406||5 Years|
|11 Dec 2008||11.4772||10 Years|
SEK/AUD - Swedish Krona to Australian Dollar - 10 Year History
|02 Dec 2018||0.1495||1 Week|
|09 Nov 2018||0.1524||1 Month|
|12 Jun 2018||0.1528||6 Months|
|09 Dec 2017||0.1577||1 Year|
|09 Dec 2016||0.1464||2 Years|
|10 Dec 2013||0.1673||5 Years|
|11 Dec 2008||0.1867||10 Years|
SEK/CAD - Swedish Krona to Canadian Dollar - 10 Year History
|02 Dec 2018||0.1462||1 Week|
|09 Nov 2018||0.1455||1 Month|
|12 Jun 2018||0.1507||6 Months|
|09 Dec 2017||0.1522||1 Year|
|09 Dec 2016||0.1439||2 Years|
|10 Dec 2013||0.1624||5 Years|
|11 Dec 2008||0.1544||10 Years|