Convert SEK to USD
The SEK/USD currency pair experiences volatility on the release of important economic data from Sweden and the US, including GDP, inflation, trade balance, PMI readings from the manufacturing and services sectors, industrial production, retail sales, consumer confidence and business confidence.
The currency rate of SEK/USD is also influenced by economic and geopolitical developments across the Eurozone, as Sweden is a member of the European Union. In addition, the EU is one of the most important trading partners for Sweden.
The Swedish krona enjoys a close correlation with the Danish krone (DKK) and the Norwegian krone (NKK). It is also correlated with the Euro (EUR).