Monetary Aggregates and Their Components: Broad Money and Components: M3 for Sweden
Swedish Krona, Quarterly, Not Seasonally Adjusted
MABMM301SEQ189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,810,668,797,000.00
Year-over-Year Change
14.69%
Date Range
1/1/1960 - 7/1/2023
Summary
This economic trend measures the quarterly value of the Swedish krona against the U.S. dollar, providing insights into Sweden's exchange rate and international trade competitiveness.
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 (SEK) is the official currency of Sweden. This series tracks the value of the krona relative to the U.S. dollar on a quarterly basis, without seasonal adjustments. The exchange rate is a key indicator of a country's trade balance and economic performance.
Methodology
The data is collected by the Federal Reserve from official exchange rate sources.
Historical Context
Policymakers and market analysts monitor the krona's exchange rate to assess Sweden's economic and trade conditions.
Key Facts
- The Swedish krona has been the official currency of Sweden since 1873.
- Sweden is a major exporter, with key industries including machinery, motor vehicles, and telecommunications.
- The krona's exchange rate is influenced by Sweden's trade balance, inflation, and interest rate policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the quarterly value of the Swedish krona against the U.S. dollar, providing insights into Sweden's exchange rate and international trade competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The exchange rate is a key indicator of a country's trade balance and economic performance, making this trend useful for policymakers and market analysts assessing Sweden's economic and trade conditions.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve from official exchange rate sources.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor the krona's exchange rate to assess Sweden's economic and trade conditions, which informs their decision-making.
Q: Are there update delays or limitations?
A: The data is provided on a quarterly basis, with no known significant update delays or limitations.
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Citation
U.S. Federal Reserve, Swedish Krona, Quarterly, Not Seasonally Adjusted (MABMM301SEQ189N), retrieved from FRED.