What's in this Australian Dollar to Swedish Krona guide?
Quick Conversions from Australian Dollar to Swedish Krona
|A$ 1||kr 6.1266|
|A$ 5||kr 30.63|
|A$ 10||kr 61.27|
|A$ 20||kr 122.53|
|A$ 50||kr 306.33|
|A$ 100||kr 612.66|
|A$ 250||kr 1,532|
|A$ 500||kr 3,063|
|A$ 1,000||kr 6,127|
|A$ 2,000||kr 12,253|
|A$ 5,000||kr 30,633|
|A$ 10,000||kr 61,266|
|A$ 50,000||kr 306,330|
|A$ 100,000||kr 612,660|
To calculate your own AUD/SEK amounts use our Convert AUD to SEK quick calculator.
Comparing Foreign Exchange Providers
The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.
Country Guides (AUD & SEK)
|Australia (AUD)||Christmas Island (AUD)||Cocos Keeling Islands (AUD)|
|Heard and McDonald Islands (AUD)||Kiribati (AUD)||Nauru (AUD)|
|Norfolk Island (AUD)||Sweden (SEK)||Tuvalu (AUD)|
AUD and SEK in the Markets
When determining the best time to make a foreign exchange transaction, in this case the AUD vs SEK, you should pay attention to the recent market trends for both currencies.
Australian Dollar (AUD)
The Australian dollar has been savaged in March sliding to US55 cents the lowest since 2003. Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD. The virus was a double blow to the Aussie after the earlier threat of proxy war between the US and Iran in Iraq had also pared back some of the gains the Aussie had made coming into the New Year. The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead. The Aussie broke back over US70 cents on the final day of 2019 — a level not seen since mid year. During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely.
Read more in the article AUD Forecasts.
Swedish Krona (SEK)
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.
How to get Best AUD to SEK Exchange Rates
All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
What is a good AUD to SEK exchange rate?
This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.
The following table looks at the change in the AUD to SEK exchange rate to the present day for periods going back upto 10 years.
When is the best time to exchange AUD to SEK?
Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.
Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.
We help you Save Money on Exchange Rates.
View all AUD Exchange Rates