Broad Effective Exchange Rate for Sweden
NBSEBIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.54
Year-over-Year Change
4.37%
Date Range
1/1/1994 - 6/1/2025
Summary
The Broad Effective Exchange Rate for Sweden measures the strength of the Swedish krona relative to a trade-weighted basket of currencies. This trend is closely watched by economists and policymakers as an indicator of Sweden's 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 Broad Effective Exchange Rate index tracks the value of the Swedish krona against the currencies of Sweden's major trading partners. It provides a broader measure of the krona's performance than a simple bilateral exchange rate and is used to assess Sweden's overall trade position and potential export competitiveness.
Methodology
The data is calculated by the Swedish central bank using the trade-weighted geometric mean of bilateral exchange rates.
Historical Context
The Broad Effective Exchange Rate is an important economic indicator for the Swedish government and the Riksbank when evaluating monetary and trade policies.
Key Facts
- The base year for the index is 2010.
- Increased index values indicate a stronger Swedish krona.
- The Broad Effective Exchange Rate is published monthly.
FAQs
Q: What does this economic trend measure?
A: The Broad Effective Exchange Rate for Sweden measures the overall strength of the Swedish krona against a trade-weighted basket of currencies from Sweden's major trading partners.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of Sweden's international trade competitiveness and is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated by the Swedish central bank using the trade-weighted geometric mean of bilateral exchange rates.
Q: How is this trend used in economic policy?
A: The Broad Effective Exchange Rate is used by the Swedish government and the Riksbank to evaluate monetary and trade policies and their impact on the country's international competitiveness.
Q: Are there update delays or limitations?
A: The Broad Effective Exchange Rate for Sweden is published monthly, with no significant update delays.
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Citation
U.S. Federal Reserve, Broad Effective Exchange Rate for Sweden (NBSEBIS), retrieved from FRED.