Best CAD to SEK Exchange Rates - Compare Scotiabank & Save

In this Canadian dollar to Swedish krona guide:

1 CAD = SEK

CAD to SEK at 7.7115 is 1.3% above its 90-day average 7.6149 with range 7.3902-7.8305.

27-MAY 6PM-NY 11PM-LON 28-MAY 6AM-HK 8AM-SYD

Sell CAD → Buy SEK

Track Rate

1 SEK = 0.1297 CAD

1-DAY▲+0.5%1d

14-DAY▼LOW3d

In what would be a major policy shift for one of the world's most cautious monetary authorities, the governor of Sweden's central bank left the door open for the Riksbank to raise interest rates as soon as this year.

Finishing their economic recovery, the Nordic nation has now found themselves experiencing inflation. This is becoming an issue in their country as critics are pushing for the stimulus program to be pulled.

Before Russia invaded Ukraine the CAD was being supported by expectations of domestic interest rate hikes – and the oil price was a key driver of CAD strength at the start of the year.

Since the start of the Russia/Ukrainian war the risk on-off market are pushing the Canadian dollar rate up and down in a range around 0.7850 to the US dollar (1 USD = 1.27 CAD).

CAD Outlook

Date	CAD/SEK	Change	Period
13 May 2022	7.7734	0.8% ▼	2 Week
26 Feb 2022	7.3902	4.3% ▲	3 Month
27 May 2021	6.8575	12.5% ▲	1 Year
28 May 2017	6.4576	19.4% ▲	5 Year
29 May 2012	7.0218	9.8% ▲	10 Year
01 Jun 2002	6.3562	21.3% ▲	20 Year

CAD/SEK change over periods to 27-May-2022

Scotiabank - CAD to SEK - Compare & Save

The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

Loading rates...

Provider	Amounts	Rate	Cost

Wire Transfer Send/Receive Fees

Send money internationally as a direct deposit to your family or friends using your mobile app or online banking	$1.99^*/transfer on select accounts
Each automatic pre-arranged transfer of funds between your Scotiabank personal Canadian Dollar deposit account (debit transaction fee applies)	Free
Each manually processed pre-arranged transfer of funds between your Scotiabank personal deposit accounts (debit transaction fee applies where applicable)	$1.50
Each transfer by branch staff between your Scotiabank personal deposit account due to telephone/fax/mail request, or to cover cheques (debit transaction fee applies)	$4.50 (optional Advice $5.00)
Transferring a Scotiabank account balance to another financial institution	$20.00
Incoming Wire Transfer fees
Incoming Wire Transfer identified as a Pension Payment in the payment message	$1.50 per transfer^*
All other Incoming Wire Transfers	$15.00 CAD/USD per transfer^*

^* All fees are charged in the currency of the account.

Scotiabank FX Rates based on publicly available information available here.

Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest CAD to SEK Exchange Rate (shown above) or a transaction fee and often both!

Country Guides - Swedish krona

Sweden (SEK)

How to get a good CAD to SEK Exchange Rate

There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

Reduce Excessive costs and fees

Generally speaking, if you are buying Swedish krona with Canadian dollar, then it's good for the CAD/SEK exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Sweden.

Will the Canadian dollar rise against the Swedish krona?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add CAD/SEK to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

Manage My Rates

Rather than requiring you to set a target rate, our FX Alerts work differently.

Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.