•  
  1. Guides
  2. Country Guides (A-Z)
  3. Sweden - Foreign Exchange & Currency Guide

Foreign Exchange Guide to Sweden

Latest market mid-rate: 1.0 =

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

The domestic currency in Sweden is the Swedish krona with currency code SEK. Read this foreign exchange guide to Sweden and the Swedish krona with money transfer and travel tips plus Swedish krona exchange cross rates.

In this guide we review :

  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

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.

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.


Swedish krona (SEK) in the markets

The Swedish krona turned a corner in May, although for 2018 it remains the worst performer among G10 currencies.

Against the euro, the Swedish krona fell near to a 9-year low on May 3rd, at 10.69 per euro. By May 31st, the day of this report, it had recovered by some 4 percent into the low 10.26s.

The perennial dovishness of the Riksbank, which continues to uphold interest rates of minus 0.5 percent and which has already revised downwards inflation forecasts twice this year, had, until recently, left traders with little choice but to offload their krona in favour of currencies with more supportive central banks and/or inflation outlooks.

Then, in the second week of May, for the first time this year, inflation data came in line with the Riksbank’s forecast and with market expectations, leading the krona to its best day against the euro in several years.

And in late May, Sweden’s national debt office announced it was betting on krona strength (it would buy krona and short the euro), aiming to reduce the cost of government debt. Though the size of the position taken by the debt office will likely be unexceptional, it represents “a very good sign for krona bulls,” says the team at SEB.

The interactive chart below shows the SEK to USD 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.


SEK-USD 3 Month chart
Loading SEK/USD Chart
SEK 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.

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)

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.

Travel Money Exchange Rates Compared

Buying SEK Cash with USD 1,000

Travelex Online logo Travelex Online
1USD=8.1188SEK
kr8118.80 SEK (8.31%)
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
Price Details
Receive: kr8118.80 SEK
Exchange Rate: 8.1188
(Inverse 1SEK=USD 0.1232)
Fees: USD 0
Total Cost : 8.31% (from mid-rate: 8.8545)
Amount of money that could be received by your currency exchange at rate USD/SEK=8.1188 and inclusive of the fee of USD 0.
Rate timestamp : Sat Jun 23 2018 23:00:03 GMT+0000 (UTC)
Bank Rates - Average
1USD=7.7477SEK
kr7670.22 SEK (13.37%)
This is the average USD to SEK Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: kr7670.22 SEK
Exchange Rate: 7.7477
(Inverse 1SEK=USD 0.1291)
Fees: USD 10 (1%)
Total Cost : 13.37% (from mid-rate: 8.8545)
Receive SEK kr449 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate USD/SEK=7.7477 and inclusive of the fee of USD 10 (1%).
 

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).

Getting a better deal when sending money 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!

 
Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending USD 10,000 to SEK

OFX logo OFX (prev. USForex)
1USD=8.7358SEK
kr87,358 SEK (1.34%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: kr87,358 SEK
Exchange Rate: 8.7358
(Inverse 1SEK=USD 0.1145)
Fees: USD 0
Total Cost : 1.34% (from mid-rate: 8.8545)
This is the amount of money that could be received by your transfer at rate USD/SEK=8.7358 and inclusive of the fee of USD 0.
Rate timestamp : Sat Jun 23 2018 23:04:12 GMT+0000 (UTC)
Bank Rates - Average
1USD=8.4745SEK
kr84,618 SEK (4.44%)
This is the average USD to SEK International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: kr84,618 SEK
Exchange Rate: 8.4745
(Inverse 1SEK=USD 0.1180)
Fees: USD 15
Total Cost : 4.44% (from mid-rate: 8.8545)
Receive SEK kr2,740 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate USD/SEK=8.4745 and inclusive of the fee of USD 15.
 

Swedish krona - exchange rates - live and historic

Major SEK cross rates
View Full List (A-Z)
1SEK=

SEK/USD - Swedish krona to U.S. dollar - 10 Year History

DateExchange RatePeriod
10 Jun 20180.11501 Week
18 May 20180.11421 Month
19 Dec 20170.11896 Months
17 Jun 20170.11481 Year
17 Jun 20160.12002 Years
18 Jun 20130.15505 Years
19 Jun 20080.164810 Years

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

DateExchange RatePeriod
10 Jun 20180.09761 Week
18 May 20180.09691 Month
19 Dec 20170.10056 Months
17 Jun 20170.10261 Year
17 Jun 20160.10642 Years
18 Jun 20130.11575 Years
19 Jun 20080.106410 Years

SEK/GBP - Swedish krona to British pound sterling - 10 Year History

DateExchange RatePeriod
10 Jun 20180.08571 Week
18 May 20180.08481 Month
19 Dec 20170.08896 Months
17 Jun 20170.08991 Year
17 Jun 20160.08362 Years
18 Jun 20130.09915 Years
19 Jun 20080.083610 Years

SEK/JPY - Swedish krona to Japanese yen - 10 Year History

DateExchange RatePeriod
10 Jun 201812.58351 Week
18 May 201812.65921 Month
19 Dec 201713.44196 Months
17 Jun 201712.73361 Year
17 Jun 201612.50982 Years
18 Jun 201314.76485 Years
19 Jun 200817.781510 Years

SEK/AUD - Swedish krona to Australian dollar - 10 Year History

DateExchange RatePeriod
10 Jun 20180.15121 Week
18 May 20180.15211 Month
19 Dec 20170.15546 Months
17 Jun 20170.15071 Year
17 Jun 20160.16222 Years
18 Jun 20130.16355 Years
19 Jun 20080.173610 Years

SEK/CAD - Swedish krona to Canadian dollar - 10 Year History

DateExchange RatePeriod
10 Jun 20180.14911 Week
18 May 20180.14731 Month
19 Dec 20170.15326 Months
17 Jun 20170.15181 Year
17 Jun 20160.15492 Years
18 Jun 20130.15815 Years
19 Jun 20080.167210 Years