USD to SEK Transfers Compared

   

USD to SEK has weakened recently, trading at 9.4264 SEK, down 1.5% from its 3-month avg of 9.5665. Analysts cite US labor market concerns and a shift toward riskier assets as key factors. Monitor upcoming ADP reports and inflation data for further developments

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What is the best Send Money conversion rate for USD to SEK?

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Swedish krona (SEK) rates from different sources before making a conversion.

The above Dollar to Krona comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest USD-SEK mid-rate and the possible savings of using various providers. 

How do USD-SEK rates compare between providers?

The next best is XE at 9.4326, -0.6% from the mid-rate.

Then Wise at 9.4279, which is -0.65% from the mid-rate.

The Western Union rate is 9.3946 which is -1% from the mid-rate.

Among the banks the Chase Bank rate is 8.7406 at -7.9% the Wells Fargo Bank rate is 8.6836 at -8.5% and the Citibank rate is 9.1202 at -3.9% compared to the mid-rate 9.4895.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.