USD to SEK Forecast and Predictions for 2025 and beyond

As one of the key currencies in the European zone and one of the top 20 national fiats, the Swedish krona is widely used for trading and investing. A vast volume is traded in pairs with the Euro and the US Dollar, which makes the currency prone to moderate fluctuations. Want to trade the USD/SEK pair and wonder how its price will change in the coming days, weeks, and years? This ultimate guide will provide a long-term USD to SEK forecast and short-term projections – all based on technical AI-driven analysis and experts’ opinions.

Table of Contents

United States Dollar (USD) to Swedish Krona (SEK) Currency Rate Forecast Summary

SEK Technical Analysis

SEK Price History

What Affects the SEK Price?

USD to SEK Forecast for 2025

USD to SEK Forecast for 2026

USD to SEK Forecast for 2027

USD to SEK Forecast for 2028

USD to SEK Forecast for 2029

USD to SEK Forecast for 2030

How to Predict the Price of SEK

Conclusion: Is SEK a Good Investment?

FAQ

United States Dollar (USD) to Swedish Krona (SEK) CURRENCY RATE FORECAST SUMMARY

The Swedish krona is the official currency of Sweden, it has the SEK ticker. Since the Swedish word “krona” is translated as "crown," it can also be denoted as the Swedish crown. The Sveriges Riksbank (the Swedish Central Bank), or Riksbanken, mints SEK banknotes and coins.

SEK represents one of the world’s top 20 wealthiest economies and is traded on Forex and many exchanges. USD and EUR are the most commonly used currencies to trade in pairs with SEK. Since 1992, the currency has been under free market exchange rates with other global currencies. Riksbanken does all it can to keep the SEK value stable. Denmark and Norway also use the krona as their national currency.

SEK technical analysis

The technical indicators reveal a bearish sentiment for USD to SEK forecast. Oscillators indicate a "Neutral" signal, while the summary and moving averages strongly lean towards "Sell" and "Strong Sell," respectively, suggesting a selling trend is dominant in the market. Traders are advised to consider selling opportunities based on these metrics.

This specifically applies to moving averages of all ranges:

Other technical indicators show a neutral situation for USD to SEK forecast:

SEK Price History

Over the past year, prices showed varied trends with both rises and declines. December closed with a 1.42% gain, while November and October saw significant growth, the latter being the highest at 4.76%. In contrast, September and August experienced declines, with August dropping 3.88%. Modest gains in occurred in July and June, while May recorded the steepest drop of the year. Positive momentum returned in April and March, with steady increases. February remained largely stable, and January started the year strong with a 3.19% rise.

In 2025, momentum shifted: January brought further gains, but February through April saw consecutive declines, including the sharpest drop of –6.11% in March. From May to July, stabilization returned with modest growth, before August once again slipped into negative territory.

These developments illustrate a transition from the dynamic swings of 2024 into a more corrective and consolidating phase in 2025, marked by alternating rebounds and renewed downward pressure.

What Affects the SEK Price?

The USD to SEK forecast rate depends on the following aspects:

• The higher interest rates of central banks, including the Swedish Riksbank, attract foreign capital seeking better returns. Consequently, this triggers an increase in currency demand and can potentially improve the USD to SEK forecast on the global market.
• Economic indicators, including GDP growth, unemployment rates, and manufacturing output, altogether impact the currency's value. Strong economic performance generally strengthens a currency.
• Low inflation rates contribute to the Swedish krona forecast stability and growth. Central banks alter interest rates to control inflation, and Riksbank is no exception.
• Political stability in Sweden and the broader European region can impact investor confidence and USD to SEK forecast. Uncertainty and unpredictability of currency performance keeps investors at bay.
• Sweden's trade balance (the difference between exports and imports) affects the value of the national currency. A trade surplus (more exports than imports) makes a stronger currency.
• Economic conditions in major trading partners and globally can influence the Swedish krona forecast. For instance, downturns in major markets may affect demand for Swedish exports, which will take a toll on the SEK in turn.
• Sweden is a major exporter of commodities, such as iron ore and forestry products. Changes in the volume of exports impacts a country's revenue and, subsequently, the SEK.
• The Swedish Riksbank’s monetary policies directly impact the krona. This includes decisions on interest rates, quantitative easing, and other measures taken for achieving economic stability.
• Traders’ and investors' speculative activities, as well as their sentiment and perceptions of future economic conditions and geopolitical events drive their behavior. Hence, changes in the volume of purchases and sales cause short-term price fluctuations in the SEK.

USD to SEK Forecast for 2025

The 2025 projection for SEK krona forecast is generally positive. According to technical analysis based on historical performance, overall market trends and technical indicators, the Swedish krona will experience an upward movement in 2025. It should also be noted that no major retracements are expected on this path.

USD to SEK Forecast for 2026

Similarly to 2025 krona forecast, the next year, 2026, will be marked by continuous growth almost without retracements. SEK is expected to grow by almost 1% every month. However, it should be noted that such a technical analysis does not consider possible significant shifts in the American and Swedish economies.

USD to SEK Forecast for 2027

A positive outlook on USD to SEK forecast will continue in 2027. It is expected to surpass the 12.00 threshold and continue climbing near the value of 13.00. However, such price predictions are very unreliable because three years is a long time, and economic conditions can change drastically.

USD to SEK Forecast for 2028

2028 for USD to SEK forecast may be marked by an almost 40% rise from the current levels – SEK may overcome the 13.00 threshold. Similar to previous years, its upward path will be marked by 0.5% growth month over month. Still, 2028 is the very distant future, so this technical analysis cannot be considered reliable enough – there are many aspects that may pop up.

USD to SEK Forecast for 2029

The USD to SEK forecast for 2029 indicates a year of gradual growth with intermittent declines. Starting at 13.443 in January, it will rise steadily, reaching close to 14 by the end of November. It is also expected to break the 14 value and reach up to 14.066. However, minor downturns may occur in the middle of 2029. Overall, the predictions suggest a stable upward trend for the USD to SEK krona forecast.

USD to SEK Forecast for 2030

The USD to SEK forecast for 2030 shows limited comprehensive data from major forecasting sources, with most analysts focusing on shorter-term predictions. Traders should approach long-term USD to SEK predictions with caution, as forecast accuracy decreases substantially beyond 2-3 year timeframes.

How to predict the price of SEK

To make a USD to SEK forecast, you should pay attention to the state of the Swedish economy and what is happening with the second currency it is traded together with. When it comes to national fiat commodities, you need to keep tabs on news and announcements to see how these currencies may perform in the near days and the long term.

Conclusion: Is SEK a good investment?

Since Sweden has one of the strongest economies in the world, it is no wonder that the Swedish krona holds a strong position on the global market. Considering that the US Dollar is on the fence – the currency is at risk of serious devaluation due to geopolitical turmoil – SEK has every chance to keep growing without barriers. That makes it a great potential investment in the long term. However, if you are searching for a currency pair to trade intraday, SEK/USD is not the best instrument.

FAQ

• What is the projection for SEK/USD?
  In 2025, the USD/SEK pair showed mixed dynamics. After a gain in January, the following months (February–April) were marked by consecutive declines, with March recording the sharpest drop. From May to July, the market stabilized with modest growth before slipping again in August. Overall, the projection for 2025 reflects a corrective and consolidating phase rather than steady appreciation.
• Is the SEK getting stronger?
  The Swedish krona experienced phases of strength in early 2025, particularly in January and mid-summer, but this momentum was interrupted by sharp losses in March and April. Despite short-term rebounds, SEK struggled to maintain a consistent upward trajectory, indicating that its recovery remains fragile.
• Is USD/SEK a good pair to trade?
  In 2025, the USD/SEK pair demonstrated noticeable volatility, with strong swings between declines in Q1–Q2 and rebounds later in the year. While not the most liquid cross for intraday speculation, these shifts created opportunities for medium-term strategies, especially around the pronounced correction in March and subsequent stabilization in early summer.
• Is the US Dollar stronger than the Swedish krona?
  During 2025, the U.S. dollar maintained relative strength, particularly in the first half of the year when the krona posted consecutive monthly losses. Although SEK managed to recover in some months, the broader picture still showed the dollar holding the upper hand. The krona’s attempts to strengthen were inconsistent, highlighting a market tilted in favor of the USD.