SEK/CAD: what to know
The SEK/CAD rate shows how much CAD you get for 1 SEK. Right now, 1 SEK buys 0.1438 CAD at the mid-market rate. In the other direction, 1 CAD is worth 6.9565 SEK.
In the short term SEK is driven mainly by European growth and euro moves, while CAD responds to oil prices and the US economy.
The Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” means “crown”. 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”.
Over the past 12 months the SEK/CAD rate has ranged between 0.1428 and 0.1542 — a change of -4.17% 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.