Monetary Aggregates and Their Components: Broad Money and Components: M3 for Sweden
Swedish Krona, Quarterly, Seasonally Adjusted
MABMM301SEQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,454,701,241,178.15
Year-over-Year Change
24.04%
Date Range
1/1/1960 - 10/1/2018
Summary
The Swedish Krona, Quarterly, Seasonally Adjusted series measures the value of the Swedish currency against a trade-weighted basket of foreign currencies. This exchange rate trend is a key indicator of Sweden's economic performance and international 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, Quarterly, Seasonally Adjusted exchange rate represents the strength of the Swedish currency relative to other major global currencies. It is used by economists, policymakers, and market analysts to assess Sweden's trade dynamics, inflationary pressures, and overall macroeconomic conditions.
Methodology
This data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Historical Context
The Swedish Krona exchange rate trends are closely monitored by the Riksbank, Sweden's central bank, to inform monetary policy decisions.
Key Facts
- The Swedish Krona is the official currency of Sweden.
- Sweden is a major exporter of machinery, motor vehicles, and telecommunications equipment.
- The Riksbank aims to keep the Krona's exchange rate stable to maintain low and stable inflation.
FAQs
Q: What does this economic trend measure?
A: The Swedish Krona, Quarterly, Seasonally Adjusted series measures the value of the Swedish currency against a trade-weighted basket of foreign currencies.
Q: Why is this trend relevant for users or analysts?
A: The Swedish Krona exchange rate is a key indicator of Sweden's economic performance and international competitiveness, used by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: This data is collected and calculated by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: The Swedish Krona exchange rate trends are closely monitored by the Riksbank, Sweden's central bank, to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is provided on a quarterly basis with a seasonal adjustment.
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Citation
U.S. Federal Reserve, Swedish Krona, Quarterly, Seasonally Adjusted (MABMM301SEQ189S), retrieved from FRED.