This travel money calculator compares currency exchange rates for buying Swedish Krona foreign cash or purchases and withdrawals made with travel cards. Alternatively, you can compare USD to SEK foreign transfer exchange rates or use our quick and easy USD to SEK currency converter instead. We also help you save on your hotel costs - Search Sweden hotel deals.
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the USD vs SEK, you should pay attention to both United States Dollar and Swedish Krona news and forecasts.
14-December-18: Against a basket of currencies, the US dollar struck an 18-month high in mid-December after negative political and economic developments weighed on rest-of-the-world currencies. At the time of writing, the dollar was showing trade-weighted appreciation of 6 percent for 2018 and was on course to gain in 10 of the year’s 12 months.
The dollar had strengthened to levels near $1.13 against the euro, which suffered due to disappointing eurozone economic data and Brexit-related uncertainties.
Brexit allowed the dollar to gain handsomely against the pound in 2018. On December-11, GBP/USD traded below 1.25 for the first time since early 2017.
The economic slowdown in China has also helped the dollar by creating safe haven flows into the US. The dollar has yet to reach the magic 7-yuan level but remains close to it, at levels near 6.9.
For 2019, JP Morgan and Morgan Stanley are both bearish the greenback. The banks remain skeptical over future Fed interest rate hikes and point to a possible US economic downturn in the second half of the year.
Scotiabank is forecasting EUR/USD at $1.30 by 2019 year-end, indicating a potential 13 percent decline in the dollar’s buying power.
November-23: The krona has gained 4 percent against the euro since falling to a rate of kr10.729 in late August. Now at kr10.3 per euro, the krona has appreciated as a result of Brexit-related euro weakness but also because of speculation of a Swedish interest rate hike in either December or February — if enacted, the first rate hike in 7 years.
The Riksbank has targeted inflation at 2 percent, and August and September’s annualized inflation rates of 2.3 percent support the idea of tighter monetary policy.
The krona, which is also marginally stronger since August against the US dollar, might have appreciated further had Sweden not come to a political standstill following September 9th’s election.
Forecasters at Lloyds said in November that the coming year would see the krona appreciate relative to the euro by nearly 7 percent, to kr9.65.
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