NZD/SEK: what to know
The NZD/SEK rate shows how much SEK you get for 1 NZD. Right now, 1 NZD buys 5.6061 SEK at the mid-market rate. In the other direction, 1 SEK is worth 0.1784 NZD.
In the short term NZD is driven mainly by soft-commodity prices and risk appetite, while SEK responds to European growth and euro moves.
The New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin. The Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” means “crown”.
Over the past 12 months the NZD/SEK rate has ranged between 5.2790 and 5.6870 — a change of +1.67% 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.