The real EUR/SEK rate
The interbank (mid-market) rate as the basis; the ibani margin, from 0.40% to 0.15% depending on the amount, is shown separately.
EUR → SEK · Real-time rateConvert euros
into Swedish krona (EUR → SEK)
Change your euros (EUR) into Swedish kronor (SEK) at the real interbank rate, in real time. Ideal for sending money to Sweden or paying expenses in SEK, with a margin from 0.40% to 0.15% and no hidden fees.
EUR → SEKCurrency pair
Real timeMarket rate
0.15%Margin from
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The EUR/SEK conversion in a nutshell
Convert euros into Swedish kronor, at the right rate
The essentials for changing your EUR into SEK with no nasty surprises on the rate or the fees.
A margin from 0.15%
Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.
Sending to Sweden
Transfer your Swedish krona (SEK) to a bank account in Sweden, with no hidden fees.
A reliable Swiss partner
ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, a self-regulatory organisation recognised by FINMA.
What you really pay
EUR → SEK: ibani, bank or exchange office?
On a transfer of 10'000 EUR to Sweden, the margin applied to the rate makes all the difference.
| Criterion | ibani | Bank | Exchange office |
|---|---|---|---|
| Starting rate | Real interbank | "In-house" rate | "In-house" rate |
| Exchange margin | 0.40% | ~1.5 to 2% | Often > 2% |
| Transfer fees | 0 EUR | Variable | — |
| Estimated cost* | ~40 EUR | ~180 EUR | > 200 EUR |
| 100% digital tracking | Yes | Partial | No |
*Indicative orders of magnitude for a transfer of 10'000 EUR to Sweden. See the details on our Rates page.
Rate trend
EUR / SEK exchange rate live
Follow the trend of the pair to choose the right moment for your exchange.
Conversion tables
How much is 1 EUR in SEK (and the reverse)?
Indicative amounts, ibani margin included, updated continuously.
Reference rate as of 7 October 2026; the rate applied is the one at the time of the order.
How to convert
Your EUR changed into SEK, in 3 steps
Create your ibani account for free
100% digital sign-up in 5 minutes, with no opening or account maintenance fees.
Fund your account in euros
Top up your ibani account in EUR from your bank, in a few clicks.
Convert and send your Swedish krona
ibani changes your EUR into SEK at the real rate, plus a margin of 0.40% to 0.15% depending on the amount, and transfers the krona to an account in Sweden.
CHF
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NOKMarkets · updated 28 August 2026
EUR/SEK: what has moved in recent months
The Riksbank's rate, at 1.75% for twelve months, is now the lowest in the European Union — and it sits 50 basis points below the ECB deposit rate, raised to 2.25% on 11 June. The pair has stayed in a narrow corridor over thirty days, between 10.9572 and 11.1033, for an average of 11.0165.
EURThe ECB tightened in June, then waited
On 11 June 2026 the European Central Bank raised its deposit rate by 25 basis points to 2.25% — its first hike since 2023 — in response to an imported energy shock, taking the main refinancing rate to 2.40%. On 23 July it left all three rates unchanged without committing to a path. Euro area inflation came in at 2.9% in July after 2.8% in June, and August PMIs moved clearly back into expansion (composite at 52.1). Rate markets price a further hike on 10 September at roughly 80%.
SEKTwelve months of standing still at 1.75%
The Riksbank left its policy rate at 1.75% on 20 August 2026, for the twelfth month running — the lowest level in the European Union. It repeated that it stands ready to tighten before the end of the year if the Middle East conflict revives inflation. The Swedish krona has spent the past month in a narrow corridor against the euro, between 10.96 and 11.10.
EUR → SEK
What it means for you
The Riksbank has explicitly kept the door open to tightening before December if the energy shock drags on. As long as it does not move, this pair offers little volatility: it is the cost of conversion, more than the timing, that determines the amount received.
Benchmark on 28 August 2026: 1 EUR ≈ 11.0935 SEK. The converter at the top of this page shows the live rate.
Sources: ECB, monetary policy decisions of 11 June and 23 July 2026 · Eurostat, euro area July inflation confirmed 19 August 2026 · S&P Global, euro area flash PMI of 21 August 2026 · Sveriges Riksbank, monetary policy decision of 20 August 2026.
The economics of the pair
EUR/SEK: the ECB versus the Riksbank
The rate between the euro (EUR) and the Swedish krona (SEK) is closely watched, because the very open Swedish economy is tightly linked to the eurozone, its main trading partner. Its dynamics depend on the relationship between two central banks: the European Central Bank (ECB) and the Riksbank, the central bank of Sweden and one of the oldest in the world.
Sweden is not part of the eurozone: it kept its currency after the 2003 referendum and pursues an independent monetary policy. The krona is a relatively small currency and less liquid than the euro, which makes it sensitive to risk aversion. In periods of uncertainty, investors often abandon the SEK in favour of deeper currencies, and the krona then tends to weaken against the euro.
The gap in policy rates between the ECB and the Riksbank is a key driver of the pair: when the Riksbank eases its policy faster than the ECB, the krona tends to weaken; conversely, a rebound in European demand or a Swedish tightening can support it. In recent years, the SEK has set multi-year lows against the euro, against a backdrop of moderate growth and easing inflation. To choose your moment, compare the real rate before each exchange on our currency converter.
Read also: our guides on how to calculate an exchange rate and change your currency online.
Written by Brice Delhome.
Frequently asked questions
Frequently asked questions about EUR/SEK exchange
There is no universal ideal day. The EUR/SEK rate depends on market movements and on decisions by the ECB and the Riksbank. The Swedish krona, a smaller currency, tends to weaken against the euro in periods of risk aversion, and to strengthen when European growth and demand for Swedish exports accelerate. Monitor the real rate continuously and trigger your exchange at the moment that suits you.
With ibani, you fund your account in euros (EUR), then convert the sum into Swedish kronor (SEK) at the real market rate, plus a margin of 0.40% to 0.15% depending on the amount, before transferring it to a bank account in Sweden. The operation is 100% digital, with no hidden fees.
The Swedish krona is a relatively small currency and less liquid than the euro, strongly correlated with international trade and with the economic conditions of the eurozone, its main partner. It is also sensitive to the gap in policy rates between the Riksbank and the ECB. These factors make the EUR/SEK pair more volatile than pairs between major currencies, with movements amplified in periods of stress or economic recovery.
ibani applies a transparent margin from 0.40% to 0.15% on the real interbank rate, decreasing with amounts. There are no opening or account maintenance fees. Transfers to a Swedish krona account may however be subject to correspondent bank fees, which are independent of ibani. See the details on the Rates page.
Change your euros
into Swedish kronor at the right rate.
Hold your EUR in an account in your name, convert them into SEK at the real rate (+ margin from 0.15%) and send them to Sweden with no hidden fees. Free account opening, 100% digital, in 5 minutes.✓ Real interbank rate · ✓ Margin from 0.15% · ✓ Affiliated with SO-FIT (SRO)
* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
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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 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).