SEK to ZAR interbank exchange rate = 1.4917
This calculator converts amounts at the latest ZAR/SEK mid-rate orto check the exchange rate you are being offered or already charged.
SEK / ZAR converter & margin calculator
South African Rand
|1 SEK||1.4917 ZAR|
|5 SEK||7.4585 ZAR|
|10 SEK||14.92 ZAR|
|20 SEK||29.83 ZAR|
|50 SEK||74.59 ZAR|
|100 SEK||149.17 ZAR|
|250 SEK||372.93 ZAR|
|500 SEK||745.85 ZAR|
|1,000 SEK||1,491.70 ZAR|
|2,000 SEK||2,983.40 ZAR|
|5,000 SEK||7,458.50 ZAR|
|10,000 SEK||14,917.00 ZAR|
|50,000 SEK||74,585.00 ZAR|
|100,000 SEK||149,170.00 ZAR|
South African Rand
|0.6704 SEK||1 ZAR|
|3.3520 SEK||5 ZAR|
|6.7040 SEK||10 ZAR|
|13.41 SEK||20 ZAR|
|33.52 SEK||50 ZAR|
|67.04 SEK||100 ZAR|
|167.60 SEK||250 ZAR|
|335.20 SEK||500 ZAR|
|670.40 SEK||1,000 ZAR|
|1,340.80 SEK||2,000 ZAR|
|3,352.00 SEK||5,000 ZAR|
|6,704.00 SEK||10,000 ZAR|
|33,520.00 SEK||50,000 ZAR|
|67,040.00 SEK||100,000 ZAR|
|ZAR Country Guides|
SEK/ZAR - Historical Trends
This table shows historic rates and trends of Swedish Krona to South African Rand over periods upto 10 years.
|1 Day||1.4966||19 May 2019|
|1 Week||1.4883||13 May 2019|
|1 Month||1.5113||20 Apr 2019|
|6 Months||1.5433||21 Nov 2018|
|1 Year||1.4577||20 May 2018|
|5 Years||1.5788||21 May 2014|
|10 Years||1.1093||22 May 2009|
You can use our SEK interactive charts to check SEKZAR historic trends.
Outlook and forecasts for SEK and ZAR
Whenever you are researching a particular exchange rate you are actually interested in two currencies as exchange rates are the ratio between two currencies.
So it follows that if you are determining the best time to transact, in this case the SEK vs ZAR, you should pay attention to the forecasts and trends for both Swedish Krona and South African Rand:
Swedish Krona (SEK) outlook
2019 has been something of a shocker for the Swedish krona. The currency is the worst performing major currency by some margin, confounding the forecasts of analysts which suggested it would be among the best now that Sweden’s central bank has commenced with a policy tightening cycle (in December it hiked interest rates for the first time in seven years).
Between January and March-8, the krona lost 7 percent of its value against the dollar and slipped to a record low of kr9.5; it also lost 5 percent against the euro, to kr10.65—a six-month low. The krona weakened along with expectations for future Riksbank hikes, which themselves were dented as evidence of a global economic slowdown piled up.
Fortunately for those holding krona, in the week leading up to this report (March-17), the krona was especially strong, making back roughly 40 percent of the aforementioned losses. The rally was driven by speculation that the Riksbank would intervene in the market to strengthen the currency.
“We reiterate our bearish view on the krona,” ING said in February, and “we don't rule out a [EUR/SEK] convergence towards 11.00”—that’s a rate not seen in a decade.
South African Rand (ZAR) outlook
2018 was a grim year for the rand: it lost 14 percent of its value against the US dollar and lost nearly 10 percent against the euro.
The rand started 2019 with a bang but began to falter in the latter stages of January after the South African Reserve Bank pointed to significant improvements in the inflation outlook and indicated that this meant it had less of an incentive to raise interest rates. The SARB predicted only one further increase in rates between now and the end of 2021, down from a predicted three increases in November.
At the time of writing (March-23), at an exchange rate of R14.5 per USD, the rand was bang in the centre of its September-January uptrend against the dollar, and similar could be said versus the euro (R16.4 per EUR).
This May’s general election might add some currency uncertainty given the divisions within South Africa's ruling ANC party but once the election dust has settled the rand will have benefitted, thinks a Standard Bank analyst, due to the “much-needed policy reforms” that the election will facilitate.
Why can't I just get the SEK/ZAR market rate I see online or in the media?
The SEK/ZAR mid-rate is the rate you will see quoted online or the news, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the SEK / ZAR was traded (bought or sold) in the international markets.
Getting a good market rate is mainly about timing however 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.
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