SEK to USD Forecast for 2025, 2026 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:
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:
-
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.
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.