About this pair
SEK/CNY: what to know
The SEK/CNY rate shows how much CNY you get for 1 SEK. Right now, 1 SEK buys 0.6911 CNY at the mid-market rate. In the other direction, 1 CNY is worth 1.4469 SEK.
In the short term SEK is driven mainly by European growth and euro moves, while CNY responds to PBoC decisions and Chinese growth.
The Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” means “crown”. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the SEK/CNY rate has ranged between 0.6940 and 0.7873 — a change of -8.76% 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.