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05.03.2024


SEK to USD Forecast for 2025, 2026 and Beyond

SEK to USD Forecast for 2024, 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

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:

This specifically applies to moving averages of all ranges


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

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. These shifts reflect dynamic market conditions over the 12-month period.

Date Price Open High Low Change%
December 11.0386 10.8953 11.1425 10.8266 +1.42%
November 2024 10.8844 10.6970 11.1217 10.6602 +2.31%
October 2024 10.6384 10.2142 10.7052 10.2062 +4.76%
September 2024 10.1554 10.2626 10.4140 10.0375 -1.05%
August 2024 10.2629 10.6924 10.7456 10.1265 -3.88%
July 2024 10.6774 10.5927 10.8699 10.4173 +0.82%
June 2024 10.5908 10.5262 10.6631 10.2822 +0.73%
May 2024 10.5143 11.0183 11.0500 10.4949 -4.57%
April 2024 11.0176 10.6615 11.0319 10.4970 +3.44%
March 2024 10.6508 10.3748 10.7425 10.1432 +2.74%
February 2024 10.3668 10.3903 10.6330 10.2484 -0.20%
January 2024 10.3877 10.0668 10.5200 10.0485 +3.19%

What Affects the SEK Price?

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

  1. 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.
  2. Economic indicators, including GDP growth, unemployment rates, and manufacturing output, altogether impact the currency's value. Strong economic performance generally strengthens a currency.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.

Date Minimum Maximum Change
January 2025 10.981 11.062 0.73 % ▲
February 2025 11.062 11.166 0.92 % ▲
March 2025 11.144 11.173 -0.07 %▼
April 2025 11.164 11.205 0.37 % ▲
May 2025 11.209 11.285 0.53 % ▲
June 2025 11.251 11.335 0.62 % ▲
July 2025 11.250 11.343 -0.78 %▼
August 2025 11.254 11.333 0.7 % ▲
September 2025 11.331 11.403 0.62 % ▲
October 2025 11.405 11.530 1.08 % ▲
November 2025 11.535 11.606 0.59 % ▲
December 2025 11.589 11.600 -0.06 %▼

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.

Date Minimum Maximum Change
January 2026 11.596 11.677 0.69 % ▲
February 2026 11.675 11.780 0.87 % ▲
March 2026 11.757 11.789 -0.07 %▼
April 2026 11.775 11.820 0.38 % ▲
May 2026 11.827 11.900 0.48 % ▲
June 2026 11.864 11.949 0.59 % ▲
July 2026 11.866 11.958 -0.67 %▼
August 2026 11.868 11.946 0.64 % ▲
September 2026 11.945 12.014 0.56 % ▲
October 2026 12.019 12.143 1.02 % ▲
November 2026 12.148 12.220 0.56 % ▲
December 2026 12.204 12.216 -0.05 %▼

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.

Date Minimum Maximum Change
January 2027 12.215 12.291 0.62 % ▲
February 2027 12.289 12.393 0.83 % ▲
March 2027 12.371 12.404 -0.07 %▼
April 2027 12.390 12.439 0.39 % ▲
May 2027 12.441 12.515 0.45 % ▲
June 2027 12.478 12.561 0.53 % ▲
July 2027 12.482 12.572 -0.64 %▼
August 2027 12.481 12.560 0.61 % ▲
September 2027 12.559 12.629 0.55 % ▲
October 2027 12.637 12.756 0.93 % ▲
November 2027 12.759 12.836 0.56 % ▲
December 2027 12.819 12.832 0 % ▲

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.

Date Minimum Maximum Change
January 2028 12.829 12.905 0.58 % ▲
February 2028 12.902 13.008 0.8 % ▲
March 2028 12.986 13.018 0 % ▲
April 2028 13.012 13.055 0.33 % ▲
May 2028 13.055 13.129 0.39 % ▲
June 2028 13.093 13.183 0.59 % ▲
July 2028 13.096 13.186 -0.68 %▼
August 2028 13.094 13.175 0.59 % ▲
September 2028 13.178 13.251 0.54 % ▲
October 2028 13.255 13.373 0.88 % ▲
November 2028 13.376 13.451 0.51 % ▲
December 2028 13.434 13.447 -0.03 %▼

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.

Date Minimum Maximum Change
January 2029 13.443 13.518 0.54 % ▲
February 2029 13.518 13.620 0.75 % ▲
March 2029 13.601 13.632 -0.01 %▼
April 2029 13.625 13.667 0.31 % ▲
May 2029 13.669 13.743 0.39 % ▲
June 2029 13.709 13.797 0.52 % ▲
July 2029 13.711 13.801 -0.64 %▼
August 2029 13.708 13.793 0.61 % ▲
September 2029 13.792 13.864 0.5 % ▲
October 2029 13.867 13.984 0.84 % ▲
November 2029 13.990 14.066 0.52 % ▲
December 2029 14.051 14.062 -0.05 %▼

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 forecast for the USD/SEK pair in 2024?

The USD to SEK exchange rate in late twenty twenty-four shows a steady trend with minor fluctuations. Gradual appreciation is observed towards year-end, suggesting stability with slight upward movement. External factors, such as economic policies and global market conditions, will influence the pair’s future trajectory in twenty twenty-five.

What is the projection for SEK/USD?

In the coming years, the USD to SEK krona forecast is expected to grow moderately, about 1.0 per year. Hence, by 2028, it may reach the 14.0 level. However, this is a very long term, and SEK may start losing its positions if the US Dollar gains traction.

Is the SEK getting stronger?

In recent years, SEK has been under pressure because of Sweden 's economic slowdown and the real estate crisis. However, since November 2023, the krona forecast has been reviving. In contrast to other European central banks, the Riksbank announced that it’s ready for another hike, if necessary.

Is USD/SEK a good pair to trade?

In terms of intraday trading, USD/SEK is not the best choice, because this pair is not prone to considerable fluctuations. You can expect a change in the Swedish krona forecast several cents per day, but that is not enough to speculate on. Otherwise, you would need a large volume to operate with.

Is the US Dollar stronger than the Swedish krona?

At the moment of writing this article, SEK is slowly regaining its strong positions. By the end of 2024, the USD to SEK forecast rate will be around 11.140; in January 2025, it is expected to climb to 11.165. Hence, the Swedish krona forecast is getting stronger than the US Dollar, and there is no indication of a trend reversal.

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