Labor Compensation: Earnings: Private Sector: Hourly for Sweden
Swedish Krona, Annual, Not Seasonally Adjusted
LCEAPR01SEA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
185.84
Year-over-Year Change
29.63%
Date Range
1/1/1994 - 1/1/2022
Summary
The Swedish Krona, Annual, Not Seasonally Adjusted series tracks the annual exchange rate between the Swedish Krona and the U.S. Dollar. This metric is crucial for understanding Sweden's international trade and economic 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, Annual, Not Seasonally Adjusted series measures the average annual exchange rate between the Swedish Krona and the U.S. Dollar. This data point is widely used by economists, policymakers, and businesses to analyze Sweden's trade flows, inflation, and overall economic performance relative to the global market.
Methodology
The data is collected by the U.S. Federal Reserve through daily foreign exchange rate reporting.
Historical Context
The Swedish Krona exchange rate is a key indicator monitored by the Swedish Central Bank and international organizations when evaluating Sweden's monetary and fiscal policies.
Key Facts
- The Swedish Krona is the official currency of Sweden.
- Sweden is a major exporter of goods and services, accounting for over 50% of its GDP.
- The Krona has fluctuated between 6-10 per U.S. Dollar over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Swedish Krona, Annual, Not Seasonally Adjusted series tracks the average annual exchange rate between the Swedish Krona and the U.S. Dollar.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Sweden's international trade competitiveness and the overall performance of the Swedish economy relative to global markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through daily foreign exchange rate reporting.
Q: How is this trend used in economic policy?
A: The Swedish Krona exchange rate is closely monitored by the Swedish Central Bank and international organizations when evaluating Sweden's monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published annually without significant delays, providing a reliable snapshot of the Swedish Krona's performance over the course of each year.
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Citation
U.S. Federal Reserve, Swedish Krona, Annual, Not Seasonally Adjusted (LCEAPR01SEA189N), retrieved from FRED.