CAD/SEK: what to know
The CAD/SEK rate shows how much SEK you get for 1 CAD. Right now, 1 CAD buys 6.9922 SEK at the mid-market rate. In the other direction, 1 SEK is worth 0.1430 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while SEK responds to European growth and euro moves.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” means “crown”.
Over the past 12 months the CAD/SEK rate has ranged between 6.4855 and 7.0020 — a change of +4.35% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.