Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Sweden
Swedish Krona, Quarterly
CCUSMA02SEQ618N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.67
Year-over-Year Change
-1.60%
Date Range
1/1/1957 - 4/1/2025
Summary
This economic trend measures the quarterly exchange rate between the Swedish krona and the U.S. dollar. It is a key indicator for understanding Sweden's international trade and competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Swedish krona (SEK) to U.S. dollar (USD) exchange rate reflects the relative value of the two currencies. This metric is widely used by economists, policymakers, and international businesses to assess Sweden's economic performance and trade dynamics.
Methodology
The data is collected and calculated by the Federal Reserve based on market exchange rates.
Historical Context
The SEK/USD exchange rate is closely monitored for its implications on Sweden's exports, imports, and overall economic position.
Key Facts
- The Swedish krona is the official currency of Sweden.
- Sweden is a major exporter of machinery, motor vehicles, and telecommunications equipment.
- The SEK/USD exchange rate impacts the competitiveness of Swedish exports and imports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly exchange rate between the Swedish krona (SEK) and the U.S. dollar (USD), indicating the relative value of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: The SEK/USD exchange rate is a key indicator for understanding Sweden's international trade performance and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor the SEK/USD exchange rate to assess Sweden's exports, imports, and overall economic position.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with occasional revisions to previous periods.
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Citation
U.S. Federal Reserve, Swedish Krona, Quarterly (CCUSMA02SEQ618N), retrieved from FRED.