Balance of Payments: Other Investment: Net (Assets Minus Liabilities) for Sweden
Swedish Krona
SWEB6FAOI01NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,402,000,000.00
Year-over-Year Change
-104.37%
Date Range
1/1/1982 - 10/1/2024
Summary
The Swedish Krona (SEK) is the official currency of Sweden. It is a widely traded global currency that reflects the performance of the Swedish economy.
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 is the primary unit of currency used in Sweden. It is a floating exchange rate currency that fluctuates based on market forces and is tracked by economists to assess the health of the Swedish economy.
Methodology
The exchange rate of the Swedish Krona is determined by foreign exchange markets.
Historical Context
Policymakers and investors monitor the Krona's exchange rate to gauge Sweden's economic conditions and competitiveness.
Key Facts
- Sweden adopted the Krona in 1873.
- The Krona is the 10th most traded currency globally.
- Sweden is not part of the Eurozone and maintains an independent monetary policy.
FAQs
Q: What does this economic trend measure?
A: The Swedish Krona exchange rate measures the value of the Swedish currency relative to other major global currencies.
Q: Why is this trend relevant for users or analysts?
A: The Krona exchange rate is an important indicator of Sweden's economic performance and trade competitiveness.
Q: How is this data collected or calculated?
A: The Krona exchange rate is determined by foreign exchange markets based on supply and demand.
Q: How is this trend used in economic policy?
A: Policymakers and investors monitor the Krona to assess Sweden's economic conditions and the effectiveness of its monetary policy.
Q: Are there update delays or limitations?
A: The Krona exchange rate data is updated in real-time based on live forex market trading.
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Citation
U.S. Federal Reserve, Swedish Krona (SWEB6FAOI01NCCUQ), retrieved from FRED.