Monetary Aggregates and Their Components: Narrow Money and Components: M1 and Components: M1 for Sweden
Swedish Krona, Annual, Not Seasonally Adjusted
MANMM101SEA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,325,054,859,000.00
Year-over-Year Change
172.93%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the annual, not seasonally adjusted exchange rate of the Swedish krona against the U.S. dollar. It provides insights into the strength and stability of the Swedish currency relative to the world's dominant reserve currency.
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 is the official currency of Sweden and is widely traded on global foreign exchange markets. The exchange rate between the krona and U.S. dollar is an important indicator of Sweden's economic performance and international competitiveness.
Methodology
This data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this trend to assess Sweden's trade balance, inflation risks, and macroeconomic conditions.
Key Facts
- The Swedish krona has been the official currency of Sweden since 1873.
- Sweden is a major exporter of automobiles, telecommunications equipment, and machinery.
- The krona is one of the most actively traded currencies in the world.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted exchange rate between the Swedish krona and the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: The krona-dollar exchange rate is a key indicator of Sweden's economic performance and international competitiveness, providing insights for policymakers and market participants.
Q: How is this data collected or calculated?
A: This data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Sweden's trade balance, inflation risks, and broader macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is provided on an annual basis, with minimal delays in reporting.
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Citation
U.S. Federal Reserve, Swedish Krona, Annual, Not Seasonally Adjusted (MANMM101SEA189N), retrieved from FRED.