SEK/USD: what to know
The SEK/USD rate shows how much USD you get for 1 SEK. Right now, 1 SEK buys 0.1049 USD at the mid-market rate. In the other direction, 1 USD is worth 9.5331 SEK.
In the short term SEK is driven mainly by European growth and euro moves, while USD responds to Fed policy, US growth and global risk appetite.
The Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” means “crown”. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the SEK/USD rate has ranged between 0.1025 and 0.1133 — a change of -1.37% 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.