Financial Market: Real Effective Exchange Rates: CPI Based for Sweden
CCRETT01SEQ661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91.16
Year-over-Year Change
0.38%
Date Range
1/1/1970 - 4/1/2025
Summary
The Real Effective Exchange Rate (REER) for Sweden measures the strength of the Swedish krona relative to a basket of other currencies, adjusted for inflation. This important indicator provides insights into Sweden's international competitiveness and can inform economic policy decisions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The REER for Sweden tracks the exchange value of the krona against a trade-weighted index of Sweden's major trading partners. It considers both nominal exchange rates and relative consumer price levels, offering a more comprehensive view of Sweden's trade position than a simple exchange rate.
Methodology
The data is calculated by the Bank for International Settlements using official exchange rates and consumer price indexes.
Historical Context
Policymakers and analysts monitor Sweden's REER to assess the country's export and import dynamics, as well as its overall economic performance.
Key Facts
- The REER index is based on 2010 = 100.
- Sweden's REER reached a high of 108.02 in June 2021.
- A rising REER indicates the krona is appreciating in real terms.
FAQs
Q: What does this economic trend measure?
A: The Real Effective Exchange Rate (REER) for Sweden measures the strength of the Swedish krona relative to a basket of other currencies, adjusted for inflation.
Q: Why is this trend relevant for users or analysts?
A: The REER provides insights into Sweden's international competitiveness, which is crucial for understanding the country's trade dynamics and overall economic performance.
Q: How is this data collected or calculated?
A: The data is calculated by the Bank for International Settlements using official exchange rates and consumer price indexes.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor Sweden's REER to assess the country's export and import dynamics, which can inform economic policy decisions.
Q: Are there update delays or limitations?
A: The REER data is published regularly with minimal delays, providing timely insights into Sweden's trade competitiveness.
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Citation
U.S. Federal Reserve, Financial Market: Real Effective Exchange Rates: CPI Based for Sweden (CCRETT01SEQ661N), retrieved from FRED.