SEK Market Update
28 Apr 2026 • 00:29 GMT
The Swedish Krona (SEK) has been quite stable against the major currencies recently. Against the US dollar, SEK is trading around 0.1085, just below its three-month average, after moving within an 8.8% range from 0.1047 to 0.1139. Most forecasts suggest further SEK strength by year-end. Bank of America expects USD/SEK to reach about 8.61, while ING sees it around 8.44, supported by Sweden’s solid economic fundamentals.
In euro terms, the SEK remains close to its three-month average at 0.0925, trading within a narrow 4.4% range, reflecting steady investor confidence. Conversely, SEK has dipped to a 90-day low near 0.1509 against the Australian dollar, trading 2.5% below its average, influenced by global commodity prices and energy costs.
Overall, the SEK remains resilient, with analysts pointing to stable economic factors and cautious monetary policy outlooks. While fluctuations are always possible given global tensions and commodity moves, the current trend indicates a cautiously optimistic tone for the Swedish Krona moving forward.
📊 Quick forecast view
🔴 Mild downside
0.1090 – 0.1140
⚖️ Interest-rate differentials
🔴 Downtrend
