International Merchandise Trade Statistics: Imports: Commodities for Sweden
Swedish Krona, Monthly, Seasonally Adjusted
XTIMVA01SEM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161,710,800,000.00
Year-over-Year Change
-3.46%
Date Range
1/1/1955 - 5/1/2025
Summary
The Swedish Krona (SEK) exchange rate is a key economic indicator that measures the value of the Swedish currency relative to other major global currencies. It is widely tracked by policymakers, investors, and analysts to assess Sweden's economic performance and 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 exchange rate is a measure of the international value of the Swedish currency. It is an important barometer of Sweden's economic health and trading position, as fluctuations in the SEK can impact the country's imports, exports, inflation, and overall economic activity.
Methodology
The data is collected and calculated by the Federal Reserve based on market exchange rates.
Historical Context
The SEK exchange rate is closely monitored by the Swedish central bank, Riksbanken, 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, Sweden's central bank, targets an annual inflation rate of 2%.
FAQs
Q: What does this economic trend measure?
A: The Swedish Krona exchange rate measures the value of the Swedish currency relative to other major global currencies, such as the US dollar, Euro, and British pound.
Q: Why is this trend relevant for users or analysts?
A: The SEK exchange rate is a crucial indicator of Sweden's economic performance and competitiveness. It is closely monitored by policymakers, investors, and analysts to assess the country's trading position and the impact on its imports, exports, inflation, and overall economic activity.
Q: How is this data collected or calculated?
A: The 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 is closely watched by the Riksbank, Sweden's central bank, to inform its monetary policy decisions and maintain the country's inflation target.
Q: Are there update delays or limitations?
A: The Swedish Krona exchange rate data is updated monthly and is subject to the standard limitations of exchange rate data, such as market volatility and potential data collection or reporting delays.
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Citation
U.S. Federal Reserve, Swedish Krona, Monthly, Seasonally Adjusted (XTIMVA01SEM664S), retrieved from FRED.