The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc. Please bear with us as we address this and restore your personalized lists. The Euro/Swedish Krona currency pair (also referred to as EURSEK and EUR/SEK) is considered an exotic pair. In this article, we will examine how EURSEK is performing. Robinhood agrees to acquire WonderFi for $178M in cash, gaining control of one of Canada’s largest regulated crypto platforms.
In the short term (1 to 6 months), the pair may experience slight fluctuations, with potential upward movement if economic data supports the Euro. Long-term forecasts (1 to 5 years) depend on broader economic recovery and stability in Europe. External factors like geopolitical events or major economic shifts could significantly impact the pair’s price.
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How much is 1 Euro in Swedish Kronor?
The SEK is also impacted by the currencies of other Nordic countries, such as the Danish Krone or the Norwegian Krone. Therefore, any global uncertainties, such as inflation worries or recessions, can cause a rise in the SEK. However, recent years have seen overall weakness for the Krona, despite the country’s central bank raising rates. The EURSEK has been steadily rising since the end of 2021, with a couple of significant pullbacks in between. However, the move since August has been pretty much one-way traffic to the upside, with the price now trading around its early-pandemic levels. Both countries’ economies are facing headwinds, but as the euro is seen as more of a safer bet, the upside has prevailed.
Recently, EUR/SEK has shown a slight downward trend, reflecting broader market uncertainties. Factors such as China’s trade data and Canada’s employment figures are influencing global market sentiment, indirectly affecting EUR/SEK. The pair’s value is also shaped by the Eurozone’s economic performance and Sweden’s monetary policies. Investors are cautious, with mixed sentiment due to global economic uncertainties. Opportunities for growth exist if the Eurozone shows economic resilience, but risks include potential trade disruptions and geopolitical tensions. Currently, the asset appears fairly priced, with no significant overvaluation or undervaluation.
- Investors are cautious, with mixed sentiment due to global economic uncertainties.
- In a Bullish Breakout scenario, a 5% increase could raise the investment to approximately $1,050.
- The EURSEK has been steadily rising since the end of 2021, with a couple of significant pullbacks in between.
- Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers.
Euro to Swedish Krona Rates by Year
Fundamental analysis can be a great tool in helping traders ascertain a directional bias for forex broker rating a currency pair by assessing the current condition of the two economies. AUD/USD looks to build on the previous day’s strong move up to a fresh weekly top amid a positive risk tone, which underpins the Aussie. Markets roared back to life as the US and China hit pause on their escalating trade war, with both sides emphasizing mutual respect and dignity.
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In the next 1 to 6 months, EUR/SEK is expected to experience slight fluctuations, xm broker review with potential upward movement if economic data supports the Euro. The outlook remains stable yet cautious, influenced by economic conditions and market sentiment. In conclusion, while the analysis provides a structured outlook on the asset’s potential price movements, it is essential to remember that financial markets are inherently unpredictable.
Live EUR to SEK Currency Converter
However, the period between 3-4 PM GMT is often a good time to convert Euros to Swedish Kronor because currency market liquidity and trading volume tend to be the highest during this time. Additionally, it’s Bitfinex Review advisable to convert Euros to Swedish Kronor early in the week if you need SEK urgently. Executing a trade late in the week might result in a delayed settlement until the following week, as forex markets are closed on weekends. They add hidden markups to their exchange rates – charging you more without your knowledge.
GBP/USD enters a choppy phase as market sentiment churns
However, with significant uncertainty ahead (think energy) for both the Eurozone and the Swedish economies, we are currently neutral on this pair. Compare our rate and fee with our competitors and see the difference for yourself. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies and precious metals. Exchange-rates.org has been a leading provider of currency quotes and precious metal prices for nearly 20 years. Our information is trusted by millions of users across the globe each month .
- These scenarios highlight the importance of understanding market conditions and adjusting investment strategies accordingly.
- Markets roared back to life as the US and China hit pause on their escalating trade war, with both sides emphasizing mutual respect and dignity.
- Despite its rise against the SEK, it is still below parity vs. the USD.
- With energy prices rising, the euro has been sinking as Europe continues its attempt for a clean break from Russian supplies.
Our smart tech means we’re more efficient – which means you get a great rate. You’ll now see the value of the converted currency according to the most recent exchange rate. The daily closing price for EUR/SEK is predicted to be around 10.92 SEK, with a range between 10.88 SEK and 10.97 SEK. The weekly closing price is anticipated to be approximately 10.95 SEK, with a range from 10.85 SEK to 11.00 SEK. Before the pound’s collapse, all eyes were on the euro as it fell below parity against the dollar. Despite its rise against the SEK, it is still below parity vs. the USD.
The future outlook for EUR/SEK suggests a stable yet cautious trajectory. Historical price movements indicate moderate volatility, with the pair trading within a defined range. Economic conditions, particularly in the Eurozone and Sweden, will play a crucial role in shaping future price movements.
Russia’s halt to gas supplies has heightened fears about a deepening energy crisis, especially over the fast-approaching winter. The euro has had a significant inverse correlation with natural gas prices in recent months. With energy prices rising, the euro has been sinking as Europe continues its attempt for a clean break from Russian supplies. Investors expect further rate hikes by the ECB, with inflation in Eurozone nations continuing to rise.
UK pay growth slows as job market cools amid uncertainty
In a Sideways Range scenario, the investment might remain around $1,000 with minimal change. In a Bearish Dip scenario, a 5% decrease could reduce the investment to about $950. These scenarios highlight the importance of understanding market conditions and adjusting investment strategies accordingly. Investors should consider current market sentiment and technical indicators before making decisions. The EUR and SEK can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York. Exchange rates can fluctuate by the minute while markets are open.
The plural form is kronor and the currency is sometimes informally referred to as the “Swedish crown” in English. The Swedish krona also circulates in Aland alongside the official currency, the Euro.
Conducting thorough research and staying informed about market trends and economic indicators is crucial for making informed investment decisions. Investing $1,000 in EUR/SEK under different market scenarios can yield varying returns. In a Bullish Breakout scenario, a 5% increase could raise the investment to approximately $1,050.
