Exchange Rate in Sweden

Sweden Exchange Rate | Economic News & Forecasts

Sweden - Exchange Rate

The economy likely bounced back in the fourth quarter from a contraction in the third quarter which was driven in large part by temporary factors. The services and manufacturing PMIs were well in expansionary territory throughout the period, even though both dipped notably in December. Moreover, the economic tendency indicator signaled solid growth, while the labor market was healthy, with solid employment growth throughout the period. However, the underlying picture is still one of gradually ebbing momentum. On the political front, in mid-January a new government was formed over four months after the general elections, with incumbent Stefan Löfven, leader of the Social Democratic Party, elected prime minister after reaching a deal with the Green, Centre and Liberal parties. The move should see a more liberal economic policy, although the new administration could be politically unstable. In the previous month, parliament approved an expansionary 2019 budget presented by the opposition Moderates and Christian Democrats, which will see lower taxes and higher government spending.

Sweden - Exchange Rate Data

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)6.44  7.80  8.45  9.11  8.20  

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Sweden Exchange Rate Chart

Sweden Exchange Rate
Note: Swedish krona (SEK) per euro.
Source: Thomson Reuters.

Sweden Facts

Bond Yield0.41-4.79 %Jan 30
Exchange Rate9.04-0.20 %Jan 30
Stock Market1,5110.14 %Jan 30

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