Balance of Payments: Services: Expenditure for Sweden
Swedish Krona, Seasonally Adjusted
SWEB6DBSE01NCCUSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
337,728,300,000.00
Year-over-Year Change
52.57%
Date Range
1/1/1982 - 10/1/2024
Summary
The Swedish Krona, Seasonally Adjusted series measures the exchange rate between the Swedish Krona and the U.S. Dollar, adjusted for seasonal variations. This metric is crucial for understanding Sweden's economic performance and its trade relationship with the United States.
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, Seasonally Adjusted series tracks the daily value of the Swedish Krona in terms of the U.S. Dollar, with seasonal fluctuations removed. This provides a clearer picture of the underlying exchange rate trend, which is vital for businesses, investors, and policymakers analyzing Sweden's economic conditions and international competitiveness.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on market transactions.
Historical Context
The Swedish Krona exchange rate is closely monitored by economists and policymakers to assess Sweden's trade balance, inflationary pressures, and overall macroeconomic performance.
Key Facts
- The Swedish Krona is the official currency of Sweden.
- Sweden is a major trading partner of the United States.
- Exchange rates can significantly impact a country's economic competitiveness.
FAQs
Q: What does this economic trend measure?
A: The Swedish Krona, Seasonally Adjusted series measures the daily exchange rate between the Swedish Krona and the U.S. Dollar, with seasonal fluctuations removed.
Q: Why is this trend relevant for users or analysts?
A: The Swedish Krona exchange rate is a crucial indicator for understanding Sweden's economic performance, trade relationships, and international 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 transactions.
Q: How is this trend used in economic policy?
A: The Swedish Krona exchange rate is closely monitored by economists and policymakers to assess Sweden's trade balance, inflationary pressures, and overall macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is updated daily, but there may be occasional delays or limitations due to market conditions or data collection processes.
Related Trends
Work Started: Construction: Dwellings and Residential Buildings: Total for Sweden
WSCNDW01SEQ470S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Sweden
SWECPIHICAINMEI
Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Sweden
LFAC64TTSEQ647N
Infra-Annual Labor Statistics: Employment Rate Male: From 15 to 64 Years for Sweden
LREM64MASEQ156S
Consumer Price Index: Restaurants and Hotels (COICOP 11): Total for Sweden
SWECP110000GPM
Production: Manufacturing: Total Manufacturing for Sweden
PRMNTO01SEQ657S
Citation
U.S. Federal Reserve, Swedish Krona, Seasonally Adjusted (SWEB6DBSE01NCCUSAQ), retrieved from FRED.