Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Sweden
CCUSMA02SEM618N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.56
Year-over-Year Change
-8.80%
Date Range
1/1/1957 - 6/1/2025
Summary
This trend measures the average daily exchange rate between the US dollar and the Swedish krona. It is a key indicator for economists and policymakers analyzing trade, investment, and cross-border economic flows.
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 US Dollar Exchange Rate for Sweden tracks the value of the US dollar relative to the Swedish krona on a daily basis. This metric is widely used to understand the purchasing power and competitiveness of the two currencies in global markets and bilateral trade.
Methodology
The data is collected by the US Federal Reserve based on daily quotes in foreign exchange markets.
Historical Context
Exchange rate trends are closely monitored by central banks, businesses, and investors to inform monetary, fiscal, and investment decisions.
Key Facts
- The US dollar-Swedish krona exchange rate reached a high of 11.2 in March 2020.
- Sweden is one of the US's largest trading partners in Northern Europe.
- Fluctuations in this exchange rate impact the competitiveness of US and Swedish exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average daily exchange rate between the US dollar and the Swedish krona, providing insights into the relative values of the two currencies.
Q: Why is this trend relevant for users or analysts?
A: Exchange rate trends are closely watched by economists, policymakers, and businesses to understand the competitiveness of exports, the purchasing power of currencies, and the flow of trade and investment between countries.
Q: How is this data collected or calculated?
A: The data is collected by the US Federal Reserve based on daily quotes in foreign exchange markets.
Q: How is this trend used in economic policy?
A: Central banks, governments, and businesses use exchange rate trends to inform monetary policy, trade negotiations, and investment decisions.
Q: Are there update delays or limitations?
A: The data is updated daily and reflects real-time exchange rate fluctuations, with no significant delays or limitations.
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Citation
U.S. Federal Reserve, Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Sweden (CCUSMA02SEM618N), retrieved from FRED.