International Merchandise Trade Statistics: Imports: Commodities for Sweden
Swedish Krona, Annual, Not Seasonally Adjusted
XTIMVA01SEA664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,002,700,000,000.00
Year-over-Year Change
79.71%
Date Range
1/1/1955 - 1/1/2024
Summary
The Swedish Krona, Annual, Not Seasonally Adjusted trend tracks the annual exchange rate between the Swedish krona and the U.S. dollar. This metric is closely watched by economists and policymakers as it reflects Sweden's economic performance and trade dynamics.
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. This annual, non-seasonally adjusted exchange rate series provides a high-level view of how the krona has performed against the U.S. dollar over time. The data is used to analyze Sweden's international competitiveness, inflationary pressures, and trade balance.
Methodology
The data is collected by the U.S. Federal Reserve from various sources and calculated as the annual average exchange rate.
Historical Context
The Swedish krona exchange rate is a key indicator monitored by the Riksbank, Sweden's central bank, to inform monetary policy decisions.
Key Facts
- The Swedish krona has fluctuated between 6 and 10 per U.S. dollar over the past decade.
- Sweden is a major exporter of machinery, motor vehicles, and telecommunications equipment.
- The Riksbank targets an inflation rate of 2% as part of its monetary policy framework.
FAQs
Q: What does this economic trend measure?
A: The Swedish Krona, Annual, Not Seasonally Adjusted trend measures the annual average exchange rate between the Swedish krona and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate metric is closely watched by economists and policymakers as it reflects Sweden's economic performance and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve and calculated as the annual average exchange rate.
Q: How is this trend used in economic policy?
A: The Swedish krona exchange rate is a key indicator monitored by the Riksbank, Sweden's central bank, to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is provided on an annual basis, so there may be a delay in the most recent year's information.
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Citation
U.S. Federal Reserve, Swedish Krona, Annual, Not Seasonally Adjusted (XTIMVA01SEA664N), retrieved from FRED.