Monetary Aggregates and Their Components: Broad Money and Components: M3 for Sweden
Swedish Krona, Annual, Not Seasonally Adjusted
MABMM301SEA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,955,451,387,000.00
Year-over-Year Change
126.48%
Date Range
1/1/1960 - 1/1/2022
Summary
This economic trend tracks the annual exchange rate of the Swedish krona against the U.S. dollar, providing insight into Sweden's economic performance and trade dynamics.
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 Swedish krona exchange rate is a key indicator of Sweden's economic health and competitiveness. It reflects the demand for the krona in global currency markets, influenced by factors like Sweden's trade balance, inflation, and monetary policy.
Methodology
The data is collected by the U.S. Federal Reserve from international exchange rate sources.
Historical Context
Economists and policymakers monitor the krona exchange rate to assess Sweden's economic conditions and implications for trade, investment, and monetary policy.
Key Facts
- The Swedish krona is the official currency of Sweden.
- Sweden is a major exporter of goods and services, making the krona exchange rate important for trade.
- The krona has fluctuated significantly against the U.S. dollar over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual average exchange rate of the Swedish krona against the U.S. dollar, providing insight into Sweden's economic performance and trade dynamics.
Q: Why is this trend relevant for users or analysts?
A: The Swedish krona exchange rate is a crucial indicator for assessing Sweden's economic competitiveness, trade balance, and the potential impact on monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve from international exchange rate sources.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor the krona exchange rate to evaluate Sweden's economic conditions and their implications for trade, investment, and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is reported annually, with potential delays in the most recent year's figures.
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Citation
U.S. Federal Reserve, Swedish Krona, Annual, Not Seasonally Adjusted (MABMM301SEA189N), retrieved from FRED.