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Foreign Exchange Guide to Sweden

Read this currency guide to Sweden with money transfer and travel tips.   [USD/SEK=9.0944]

Sweden
Country Code:
SE
Domestic Currency:
Swedish Krona
Symbol - Code:
kr SEK
Telephone Prefix:
+46

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 :

  1. Swedish Krona info - general info about the Swedish Krona
  2. Swedish Krona in the markets - recent SEK moves and predictions from the FX markets
  3. Travelling in Sweden - currency & money saving tips
  4. Buying Swedish Krona cash online - travel money for Sweden
  5. Sending money to Sweden - save on Swedish Krona bank transfers to Sweden
  6. 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.


USD-SEK 3 Month chart
USD-SEK 3 Month chart
USDSEK currency converter

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    

 
  1. Compare SEK travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Sweden
  3. Lonely Planet - world's best travel guide (coupon and deals)

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 :

  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 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

Compare Transfer Rates

 

Popular SEK cross rates


SEK/USD - Swedish Krona to United States Dollar - 10 Year History

DateExchange RatePeriod
02 Dec 20180.11031 Week
09 Nov 20180.11021 Month
12 Jun 20180.11586 Months
09 Dec 20170.11841 Year
09 Dec 20160.10912 Years
10 Dec 20130.15305 Years
11 Dec 20080.125310 Years

SEK/EUR - Swedish Krona to Euro - 10 Year History

DateExchange RatePeriod
02 Dec 20180.09721 Week
09 Nov 20180.09721 Month
12 Jun 20180.09856 Months
09 Dec 20170.10061 Year
09 Dec 20160.10332 Years
10 Dec 20130.11125 Years
11 Dec 20080.094210 Years

SEK/GBP - Swedish Krona to British Pound Sterling - 10 Year History

DateExchange RatePeriod
02 Dec 20180.08651 Week
09 Nov 20180.08491 Month
12 Jun 20180.08666 Months
09 Dec 20170.08841 Year
09 Dec 20160.08682 Years
10 Dec 20130.09305 Years
11 Dec 20080.083810 Years

SEK/JPY - Swedish Krona to Japanese Yen - 10 Year History

DateExchange RatePeriod
02 Dec 201812.54471 Week
09 Nov 201812.53831 Month
12 Jun 201812.78606 Months
09 Dec 201713.43501 Year
09 Dec 201612.54882 Years
10 Dec 201315.74065 Years
11 Dec 200811.477210 Years

SEK/AUD - Swedish Krona to Australian Dollar - 10 Year History

DateExchange RatePeriod
02 Dec 20180.14951 Week
09 Nov 20180.15241 Month
12 Jun 20180.15286 Months
09 Dec 20170.15771 Year
09 Dec 20160.14642 Years
10 Dec 20130.16735 Years
11 Dec 20080.186710 Years

SEK/CAD - Swedish Krona to Canadian Dollar - 10 Year History

DateExchange RatePeriod
02 Dec 20180.14621 Week
09 Nov 20180.14551 Month
12 Jun 20180.15076 Months
09 Dec 20170.15221 Year
09 Dec 20160.14392 Years
10 Dec 20130.16245 Years
11 Dec 20080.154410 Years

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