SEK/AUD: what to know
The SEK/AUD rate shows how much AUD you get for 1 SEK. Right now, 1 SEK buys 0.1436 AUD at the mid-market rate. In the other direction, 1 AUD is worth 6.9635 SEK.
In the short term SEK is driven mainly by European growth and euro moves, while AUD responds to commodity prices and Chinese demand.
The Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” means “crown”. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the SEK/AUD rate has ranged between 0.1442 and 0.1638 — a change of -10.87% 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.