--- title: "Exchange rate for the Swedish krona (SEK)" url: https://www.ibani.com/en/currency-converter/currencies/sek-swedish-krona lang: en date_modified: 2026-10-07 --- Currency · SEK · kr # Exchange rate for the Swedish krona (SEK) The Swedish krona is the official currency of Sweden, issued by Sveriges Riksbank, the oldest central bank in the world. Convert it at the **real interbank rate**, in real time, with a transparent margin from 0.40% to 0.15%. [Open my free account](https://www.ibani.com/en/app) See SEK rates **SEK**ISO code · kr **Riksbank**Central bank **0.15%**Margin from ### Simulate your transfer No hidden fees — Live rate — Estimated annual saving — vs. a traditional bank Per monthly transfer · [Live rates](https://www.ibani.com/en/currency-converter) · [Pricing](https://www.ibani.com/en/rates) [Get started — It's free](https://www.ibani.com/en/app) [![App Store](https://www.ibani.com/images/appstore-badge-en.svg)](https://apps.apple.com/app/ibani-borderless-money/id1382598762)[![Google Play](https://www.ibani.com/images/google-play-badge-en.svg)](https://play.google.com/store/apps/details?id=com.ibani.mobile&hl=en) \* 100% digital sign-up in 5 minutes. Zero account opening or maintenance fees. **35'000+ clients**Individuals & businesses **CHF 1 Billion+**Exchanged since 2018 **Up to 10× cheaper**Than a traditional bank **4.7/5 · Excellent**On 2'000+ client reviews [![SO-FIT logo](https://www.ibani.com/images/sofit-light.svg) Affiliated with SO-FIT (SRO)\*](https://so-fit.ch/) The Swedish krona at a glance ## The essentials on the Swedish krona (SEK) The key facts about Sweden's currency, and how to convert it at the right rate. ### ISO code SEK, symbol kr The official currency of Sweden, subdivided into 100 öre. The krona is also called "krona" (plural "kronor"). ### Managed by the Riksbank Founded in 1668, Sveriges Riksbank is the oldest central bank in the world and targets 2% inflation. ### A cyclical currency Sweden is a small, open economy: the krona closely tracks foreign trade and the European cycle. ### Exchange from 0.15% at ibani A sliding, transparent margin applied to the real rate, with no hidden fees. Our experts' analysis ## The Swedish krona, currency of a very open economy. The Swedish krona (SEK) is the currency of a small, open economy that is heavily exposed to foreign trade. Driven by a solid industrial and exporting base, Sweden conducts a large share of its trade with the eurozone, which makes the krona sensitive to the European economic cycle. Considered a cyclical currency, the krona tends to strengthen when market risk appetite is high and to weaken in times of uncertainty. The interest-rate gap between the **Sveriges Riksbank** and the ECB, as well as the industrial outlook, are among the main drivers of its moves against the Swiss franc and the euro. SEK key facts ISO code**SEK · kr** Central bank**Riksbank** Area of use**Sweden** Profile**Small, open economy** Monetary policy ## The Riksbank's policy and the krona Sveriges Riksbank, founded in 1668, is the oldest central bank in the world. It is responsible for Sweden's monetary policy, with the main objective of price stability and a 2% inflation target, in order to support sustainable growth. To achieve this, the Riksbank uses several instruments: ### The policy rate Formerly known as the "repo rate", it was renamed the policy rate in June 2022. It is the Riksbank's main lever to steer inflation and, indirectly, the value of the krona. ### Asset purchases The Riksbank can buy bonds to inject liquidity into the economy, a tool widely used during periods of low inflation and crisis. A pioneer of negative interest rates, the Riksbank kept its policy rate in negative territory from 2015 to 2019, a policy that coincided with a marked weakening of the krona. Its decisions, and above all the rate gap with the ECB, remain a central driver of the SEK's value against other currencies. History of the Swedish krona ## The key dates in its history 1668 ### Birth of the Riksbank Sveriges Riksbank is founded: it is today considered the oldest central bank still in operation in the world. 1873 ### Introduction of the krona The krona replaces the former riksdaler as part of the Scandinavian Monetary Union, bringing together Sweden, Denmark and later Norway. 1992 ### Currency crisis and float To defend the krona's peg, the Riksbank briefly raises its rate to 500%. The peg gives way: the krona is then left to float freely. 2003 ### No to the euro by referendum Swedes reject adopting the euro. Sweden keeps its national currency and an independent monetary policy. 2015 ### Entry into negative rates The Riksbank lowers its policy rate below zero to fight overly low inflation, a policy that weighs on the krona. 2019 ### Exit from negative rates At the end of 2019, the Riksbank brings its policy rate back to 0%, ending nearly five years of negative rates. Today's rates ## Our rates for the Swedish krona (SEK) Indicative value for 1 unit, ibani margin included. Click a pair for its details and history. Reference rate as of 7 October 2026; the rate applied is the one at the time of the order. | | [CHF](https://www.ibani.com/en/currency-converter/currencies/chf-swiss-franc) | [EUR](https://www.ibani.com/en/currency-converter/currencies/eur-euro) | | --- | --- | --- | | To SEK 1 | [11.9907CHF to SEK rate](https://www.ibani.com/en/currency-converter/chf-to-sek-rate) | [11.1735EUR to SEK rate](https://www.ibani.com/en/currency-converter/eur-to-sek-rate) | To the Swedish krona (SEK) [CHF SEK](https://www.ibani.com/en/currency-converter/chf-to-sek-rate) [EUR SEK](https://www.ibani.com/en/currency-converter/eur-to-sek-rate) [See all our currencies →](https://www.ibani.com/en/currency-converter/currencies) News ## Latest analyses on currency exchange ### EUR/CHF Forecast October 2026: Euro Climbs Back to 0.9311 After Its Fall of 2 October As of October 5, 2026, EUR/CHF climbs back to 0.9311 (+0.3%) at the ECB reference rate, after losing 1.7% on 2 October. The yield spread between French and German government bonds, which rose above 150 points on 2 October, narrows to 141 points according to Reuters. [Read article](https://www.ibani.com/en/guides/chf-eur-exchange-rate-forecast) ### GBP/CHF Forecast: The Pound Falls Back Against the Franc After Its 2026 High (October 2026) As of 2 October 2026, the pound sterling is worth 1.0912 francs, down 1.3% on the session, two days after its high for the year at 1.1090. The Bank of England is holding its rate at 3.75%, but three of its nine members voted for a hike. [Read article](https://www.ibani.com/en/guides/chf-gbp-exchange-rate-forecast) ### USD/CHF Forecast (October 2026): The Dollar Falls Back to 0.8266 Franc As of October 2, 2026, the dollar is worth 0.8266 franc, down 1.0% from the previous day's reference rate, which marked its highest since May 2025. The US September jobs report, released afterwards, shows only 29,000 jobs created. [Read article](https://www.ibani.com/en/guides/chf-usd-exchange-rate-forecast) Frequently asked questions ## Frequently asked questions about the Swedish krona (SEK) Always compare the offered rate with the real interbank (mid-market) rate. A specialised online exchange service like ibani starts from this real rate and adds only a transparent margin from 0.40% to 0.15%, with no hidden fees, whereas a bank often applies a much wider spread. Compare with our [rate comparator](https://www.ibani.com/en/compare-exchange-rates). The Swedish krona is issued by Sveriges Riksbank, founded in 1668 and considered the oldest central bank in the world. It conducts Sweden's monetary policy with a 2% inflation target, mainly through its policy rate (formerly the repo rate). Sweden is a small, open economy that is highly dependent on its foreign trade, a large share of which is with the eurozone. The krona therefore reacts strongly to the European economic cycle, to market risk appetite and to the interest-rate gap between the Riksbank and the ECB. You can convert the Swedish krona (SEK) into the Swiss franc (CHF) and the euro (EUR), the pairs most in demand in Switzerland, as well as into other major currencies such as the US dollar, the pound sterling or the Norwegian krone. ## Exchange your Swedish kronor at the right market rate. Get a personal Swiss IBAN, convert the Swedish krona at the real rate (+ margin from 0.15%) and transfer with no hidden fees. Opening an account is free, 100% digital and takes just 5 minutes. [OPEN A FREE ACCOUNT](https://www.ibani.com/en/app) [Back to the converter](https://www.ibani.com/en/currency-converter) ✓ Real interbank rate  ·  ✓ Margin from 0.15%  ·  ✓ Affiliated with SO-FIT (SRO) [![SO-FIT logo](https://www.ibani.com/images/sofit-light.svg)](https://so-fit.ch/) ## Swiss financial intermediary subject to the AMLA regulatory framework Your money is handled with the utmost regulatory rigour. ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and exchange operations to our name. ibani SA is affiliated with [SO-FIT](https://so-fit.ch/) as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority ([FINMA](https://www.finma.ch/en/authorisation/self-regulatory-organisations-sros/)).