SEK/NZD: what to know
The SEK/NZD rate shows how much NZD you get for 1 SEK. Right now, 1 SEK buys 0.1774 NZD at the mid-market rate. In the other direction, 1 NZD is worth 5.6358 SEK.
In the short term SEK is driven mainly by European growth and euro moves, while NZD responds to soft-commodity prices and risk appetite.
The Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” means “crown”. 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.
Over the past 12 months the SEK/NZD rate has ranged between 0.1758 and 0.1894 — a change of -1.64% 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.