Balance of Payments: Capital Account: Balance (Revenue Minus Expenditure) for Sweden
Swedish Krona
SWEB6CATT00NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,820,000,000.00
Year-over-Year Change
-55.03%
Date Range
1/1/1982 - 10/1/2024
Summary
The Swedish Krona (SEK) is the official currency of Sweden. This exchange rate series measures the value of the SEK against the U.S. dollar, providing insights 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 economic indicator that reflects Sweden's international trade, investment flows, and overall economic competitiveness. Economists and policymakers use this data to analyze Sweden's macroeconomic conditions and the country's position in the global economy.
Methodology
The data is collected and reported by the Federal Reserve based on foreign exchange market quotations.
Historical Context
The Swedish Krona exchange rate is closely monitored by the Riksbank, Sweden's central bank, to inform monetary policy decisions.
Key Facts
- The Swedish Krona is one of the most traded currencies in the world.
- Sweden is a major exporter of machinery, vehicles, and telecommunications equipment.
- The Riksbank targets an inflation rate of 2% as part of its monetary policy framework.
FAQs
Q: What does this economic trend measure?
A: This series measures the value of the Swedish Krona (SEK) against the U.S. dollar, providing insights into Sweden's international trade and economic competitiveness.
Q: Why is this trend relevant for users or analysts?
A: The Swedish Krona exchange rate is a key indicator used by economists, policymakers, and investors to analyze Sweden's macroeconomic conditions and its position in the global economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve based on foreign exchange market quotations.
Q: How is this trend used in economic policy?
A: The Swedish Krona exchange rate is closely monitored by the Riksbank, Sweden's central bank, to inform its monetary policy decisions and maintain economic stability.
Q: Are there update delays or limitations?
A: The Swedish Krona exchange rate data is updated regularly by the Federal Reserve and is generally considered to be a reliable and timely economic indicator.
Related Trends
Production: Industry: Total Industry Excluding Construction for Sweden
PRINTO01SEQ657S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Sweden
SWECP110000IXOBQ
Real Broad Effective Exchange Rate for Sweden
RBSEBIS
Harmonized Index of Consumer Prices: Materials for the Maintenance and Repair of the Dwelling for Sweden
CP0431SEM086NEST
Producer Prices Index: Type of Goods: Non-Durable Consumer Goods: Total for Sweden
PITGND01SEM661N
Harmonized Index of Consumer Prices: Financial Services N.e.c. for Sweden
CP1260SEM086NEST
Citation
U.S. Federal Reserve, Swedish Krona (SWEB6CATT00NCCUQ), retrieved from FRED.