Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Sweden
CCUSSP01SEQ650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.10
Year-over-Year Change
-18.57%
Date Range
1/1/1960 - 10/1/2023
Summary
This economic trend measures the end-of-period exchange rate between the US dollar and the Swedish krona. It is a key indicator for analysts and policymakers tracking international currency markets and cross-border economic activity.
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 currency conversion rate represents the relative value of the US dollar compared to the Swedish krona at a specific point in time. This spot exchange rate is widely used to convert between the two currencies and analyze trade, investment, and other cross-border economic flows.
Methodology
The exchange rate data is collected and published by the US Federal Reserve.
Historical Context
Central banks and market participants closely monitor currency exchange rates to understand economic conditions and guide policy decisions.
Key Facts
- The US dollar-Swedish krona exchange rate has averaged 8.64 over the past 10 years.
- Sweden is one of the top 20 trading partners for the United States.
- The Federal Reserve publishes this exchange rate data daily.
FAQs
Q: What does this economic trend measure?
A: This trend measures the end-of-period exchange rate between the US dollar and the Swedish krona, which represents the relative value of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: The US dollar-Swedish krona exchange rate is a key indicator for analysts and policymakers tracking international currency markets and cross-border economic activity.
Q: How is this data collected or calculated?
A: The exchange rate data is collected and published by the US Federal Reserve.
Q: How is this trend used in economic policy?
A: Central banks and market participants closely monitor currency exchange rates to understand economic conditions and guide policy decisions.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this exchange rate data daily with no significant delays.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Sweden (CCUSSP01SEQ650N), retrieved from FRED.