International Merchandise Trade Statistics: Exports: Commodities for Sweden
Swedish Krona, Annual, Seasonally Adjusted
XTEXVA01SEA664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,062,326,000,000.00
Year-over-Year Change
76.69%
Date Range
1/1/1955 - 1/1/2024
Summary
The Swedish Krona, Annual, Seasonally Adjusted trend measures the exchange rate between the Swedish Krona and the U.S. Dollar on an annual, seasonally adjusted basis. This exchange rate is a critical economic indicator for 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 is the official currency of Sweden. The exchange rate between the Krona and U.S. Dollar is an important metric for evaluating Sweden's economic performance and trade dynamics. Analysts and policymakers use this trend to assess Sweden's export competitiveness and make informed decisions about monetary and fiscal policies.
Methodology
The data for this trend is collected and calculated by the U.S. Federal Reserve.
Historical Context
The Swedish Krona exchange rate is closely monitored by the Swedish Central Bank and other economic authorities to guide their policies and interventions.
Key Facts
- The Swedish Krona is one of the most traded currencies in the world.
- Sweden is a major exporter of goods and services, making the Krona exchange rate crucial.
- The Krona has experienced significant fluctuations against the U.S. Dollar in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the exchange rate between the Swedish Krona and the U.S. Dollar on an annual, seasonally adjusted basis.
Q: Why is this trend relevant for users or analysts?
A: The Swedish Krona exchange rate is a critical indicator for evaluating Sweden's international trade competitiveness and guiding economic policies.
Q: How is this data collected or calculated?
A: The data for this trend is collected and calculated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Swedish Krona exchange rate is closely monitored by the Swedish Central Bank and other authorities to inform their monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data for this trend is published on a regular basis with minimal delays, providing timely information for economic analysis and decision-making.
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Citation
U.S. Federal Reserve, Swedish Krona, Annual, Seasonally Adjusted (XTEXVA01SEA664S), retrieved from FRED.