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Swedish Krona to US Dollar (SEK/USD) Forecast for 2024, 2025, 2026. Sell or Buy?
Updated: September 20, 2024 (6:27)
Reverse forecast: USD to SEK
Swedish Krona / US Dollar price online today
| Now | Tomorrow | 7 Days | 30 Days | |
|---|---|---|---|---|
| 100 Swedish Krona (SEK) to US Dollar (USD) | 9.7 | 9.7 | 9.5 | |
| 200 Swedish Krona (SEK) to US Dollar (USD) | 19.4 | 19.3 | 18.9 | |
| 500 Swedish Krona (SEK) to US Dollar (USD) | 48.4 | 48.4 | 47.4 | |
| 1000 Swedish Krona (SEK) to US Dollar (USD) | 96.8 | 96.7 | 94.7 | |
| 3000 Swedish Krona (SEK) to US Dollar (USD) | 290.5 | 290.2 | 284.1 |
How much will the SEK/USD currency pair cost in 2024, 2025 and 2026? What is the forecast for the SEK/USD currency pair? What is the target price of the Swedish Krona / US Dollar currency pair for 2024-2026?
We continuously scrutinize the key events in the news flow to assist you in tackling the essential question: Will the Swedish Krona rise or fall against the US Dollar?
Identifying the trend of the SEK/USD currency pair
Recent developments are anticipated to influence the SEKUSD exchange rate. Concerns surrounding the US debt crisis have investors pivoting towards Bitcoin, reflecting a shifting confidence in the USD, potentially exerting slight downward pressure on its value. However, the impact is tempered, with the sentiment remaining neutral.
The Federal Reserve's decision to cut rates by 50 basis points introduces mixed market dynamics. Although typically negative for a currency, Jerome Powell's hawkish tone dampens this effect, suggesting stability might be maintained in the near term. Meanwhile, the launch of BitGo's USDS stablecoin may bolster the USD's role within the crypto markets, potentially infusing the currency with some bullish momentum.
Conversely, the notable decline in IT stocks, following rate cuts, contributes to the USD's downtrend, as investors reassess asset attractiveness. Despite the anticipated Fed rate cut bringing some uncertainty regarding Bitcoin Cash, an overall positive sentiment towards USD persists, suggesting an expectation for a strengthened USD with enhanced economic confidence.
Overall, the SEKUSD exchange rate may experience minor fluctuations, with the USD maintaining relative strength despite competing forces influencing its valuation.
USD Trend Forecasting
Regarding the USD currency, 147 news pieces were analyzed. The average relevance of these news items is 0.34 (the closer to 1, the higher).|
2024-09-18
|
Neutral | Impact: 0.09 | News: 16 (5/11/0) |
|
2024-09-17
|
Bullish | Impact: 0.02 | News: 18 (7/7/4) |
|
2024-09-16
|
Neutral | Impact: 0.09 | News: 13 (3/9/1) |
|
2024-09-15
|
Bullish | Impact: 0.08 | News: 2 (1/1/0) |
|
2024-09-13
|
Neutral | Impact: 0.06 | News: 12 (4/6/2) |
|
2024-09-12
|
Neutral | Impact: 0 | News: 13 (2/7/4) |
|
2024-09-11
|
Neutral | Impact: -0.03 | News: 16 (1/12/3) |
|
2024-09-10
|
Neutral | Impact: 0.01 | News: 10 (2/6/2) |
|
2024-09-09
|
Neutral | Impact: 0.06 | News: 14 (3/10/1) |
|
2024-09-07
|
Neutral | Impact: 0.02 | News: 1 (0/1/0) |
|
2024-09-06
|
Neutral | Impact: -0.05 | News: 13 (1/8/4) |
|
2024-09-08
|
Neutral | Impact: 0 | News: 3 (0/3/0) |
|
2024-09-05
|
Neutral | Impact: 0.03 | News: 12 (3/7/2) |
|
2024-09-04
|
Neutral | Impact: 0.07 | News: 4 (1/3/0) |
Clients Turning to Bitcoin Amid US Debt Concerns, Says BlackRock
September 18, 2024 (21:31)
Trend: Neutral
Influence: -0.04
Although Bitcoin is considered a risky option, it is being perceived as a safe haven amid concerns about the US debt crisis. This shift in investment preference reflects a potential lack of confidence in the USD as a traditional store of value, slightly influencing its exchange rate negatively.
Market Enthusiasm Dampened by Powell's Hawkish Approach After Historic Rate Cut
September 18, 2024 (20:55)
Trend: Neutral
Influence: 0.13
The mixed reaction to Jerome Powell's comments following the rate cut contributed to market uncertainty, impacting the USD. While such cuts are typically perceived as negative for a currency due to potential inflation, Powell's hawkish tone suggested caution moving forward, thereby moderating the market impact.
This chart provides a comparative trend analysis of sentiment scores over time for SEK and USD currencies, displaying their respective news coverage and associated sentiment.
By visualizing sentiment trends and news volume, investors and brokers can identify potential market-moving events, gauge market sentiment, and make more informed trading decisions.
Historical and forecast chart of the Swedish Krona/US Dollar currency pair
The chart below shows the historical quotes of the SEK/USD pair and the forecast chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. A detailed forecast of the Swedish Krona/US Dollar rate can be found in the table below.
Long-term forecasts by years.
USD Main News
BitGo's Launch of USDS Stablecoin Challenges Market Leaders Tether and USDC
September 18, 2024 (17:29)
Trend: Somewhat-Bullish
Influence: 0.24
The introduction of BitGo's USDS stablecoin may strengthen the USD's presence in cryptocurrency transactions, potentially boosting demand. As the market responds to more stablecoin options, slight bullish sentiment towards the USD could influence its exchange rate.
IT Stocks Tumble as Federal Reserve Rate Cuts Take Effect
September 18, 2024 (15:35)
Trend: Neutral
Influence: -0.06
The Federal Reserve's rate cuts have led to significant downward pressure on IT stocks, reflecting investor concerns over reduced returns. This has contributed to a softening of the USD exchange rate, as lower interest rates typically make a currency less attractive to investors.
Why Is Bitcoin Cash Dropping?
September 18, 2024 (15:07)
Trend: Somewhat-Bullish
Influence: 0.22
The anticipation of a Fed rate cut seems to be causing uncertainty among investors regarding its impact on Bitcoin Cash, leading to a decrease in its value. The outlook for the USD remains somewhat bullish, suggesting that traders might expect the USD to strengthen if the rate cut enhances economic growth or market confidence.
Former Coinbase Leaders Introduce Exchange with PayPal USD for Transactions
September 18, 2024 (13:00)
Trend: Somewhat-Bullish
Influence: 0.24
The introduction of an innovative exchange utilizing PayPal USD as its main settlement currency suggests increased liquidity and utility for the USD in digital transactions, leading to a positive outlook. This strategic move by industry veterans may enhance investor confidence in the USD, contributing to its somewhat bullish sentiment.
Euro Climbs to Near Three-Week High Against Dollar Ahead of Fed Meeting
September 18, 2024 (11:17)
Trend: Neutral
Influence: 0.09
The euro's rise against the US dollar reflects a neutral sentiment as markets are in anticipation of the Federal Reserve's upcoming decisions. The slight increase in the euro's position indicates market participants are waiting for clarity on potential interest rate changes that could impact the USD.
BitGo Launches USDS Stablecoin with Goldman Sachs Backing
September 18, 2024 (10:56)
Trend: Neutral
Influence: -0.06
The introduction of BitGo's USDS stablecoin presents potential competition to established stablecoins like Tether and Circle, possibly impacting their market share. Although the sentiment effect on the USD is neutral, the overall impact could be influenced by how the market perceives the reliability and backing of this new stablecoin.
Asian Markets Rise, European Markets Mixed; Gold Increases as USD Declines - Global Markets Overview
September 18, 2024 (10:35)
Trend: Neutral
Influence: 0.07
The anticipation of the Federal Reserve's rate cut contributes to a softer USD, as lower interest rates could make the dollar less attractive for investors. Despite strong economic data, the mixed response in U.S. markets suggests uncertainty, which also impacts the USD's stability.
Shanghai Composite Index Gains 0.49% as US Retail Sales Increase
September 18, 2024 (10:34)
Trend: Neutral
Influence: 0.12
The unexpected uptick in U.S. retail sales indicates strong consumer spending, which can lead to higher interest rates to curb potential inflation, thereby making the USD more attractive to investors. However, the debate on the size of the necessary reduction measures keeps the sentiment around USD neutral, as markets await further policy direction.
NITI Aayog CEO projects doubling of Indian economy by 2030
September 18, 2024 (09:28)
Trend: Bullish
Influence: 0.36
The prospect of India's economy doubling by 2030 and its leadership in climate technology suggests increased global economic engagement and investment potential in the region. This optimism strengthens the USD, as investors may anticipate favorable trade relations and currency exchange benefits with a burgeoning Indian market.
Arthur Hayes Warns of Impending Market Downturn Due to Potential Rate Cuts
September 18, 2024 (09:25)
Trend: Neutral
Influence: -0.02
Arthur Hayes' prediction of a market crash following potential rate cuts could cause volatility in the USD exchange rate, as investors might anticipate a weaker currency environment. His confidence in ETH and related assets may lead to a shift in investment away from the USD, contributing to its slight negative sentiment.
Sensex Falls 200 Points Amid IT Sector Decline
September 18, 2024 (09:02)
Trend: Neutral
Influence: 0.15
The drop in the Sensex and Nifty indices could lead to a decrease in foreign investment flows into India, potentially affecting the USD exchange rate. However, the neutral sentiment suggests that while there may be a slight impact, it is not expected to result in significant fluctuations in the USD value.
Dollar Index Remains Unchanged Under 101 as Markets Await Fed's Rate Decision
September 18, 2024 (06:46)
Trend: Neutral
Influence: -0.05
The US dollar's muted movement is a result of the anticipation surrounding the Federal Reserve's potential rate cut, which could mark the first decrease in rates since they reached a 23-year high. This uncertainty in monetary policy generates a cautious sentiment among investors, resulting in a stable but subdued USD exchange rate.
Silver Likely to Overcome Rs 90,400 Barrier with 50bps Rate Cut
September 18, 2024 (05:28)
Trend: Somewhat-Bullish
Influence: 0.16
The anticipated rate cuts by the Fed create a potential for higher silver prices, as lower rates generally weaken the USD. This expectation leads to a 'Somewhat-Bullish' sentiment for the USD, as investors might look for opportunities in other assets like silver.
Gold Trading Strategy Before US Fed's Policy Decision
September 18, 2024 (04:55)
Trend: Neutral
Influence: -0.04
The news of declining gold prices could reflect investor anticipation of potential changes in US Federal Reserve policies, affecting safe-haven demand and leading to a slight negative outlook on the USD. Despite this, the sentiment towards the USD remains largely neutral, indicating limited immediate impact on its exchange rate.
Bitcoin Surpasses $61K, Raising Doubts Among Derivative Traders
September 17, 2024 (19:45)
Trend: Neutral
Influence: 0.07
The anticipation of the Federal Reserve's upcoming monetary policy decision has created uncertainty in financial markets, impacting the stability of the USD exchange rate. Although Bitcoin shows strength, the uncertain future trajectory may keep USD sentiment neutral in the short term.
Comprehensive Analysis of News and Events influencing the SEKUSD currency pair
We predict the dynamics of currency pairs using resonant artificial intelligence systems. Technical, fundamental analysis, news background, general geopolitical situation in the world and other factors are taken into account.
The results of forecasts of the Swedish Krona/US Dollar currency pair are shown below and presented in the form of charts, tables and text information, divided into time intervals (Next month, 2024, 2025 and 2026).
Forecasts are adjusted once a day taking into account the price change of the previous day.
Swedish Krona / US Dollar Daily Forecast for a Month
| Date | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Sep 22 | 0.0968 | 0.0963 | 0.0971 | 0.85 % |
| Sep 23 | 0.0964 | 0.0960 | 0.0968 | 0.89 % |
| Sep 24 | 0.0968 | 0.0963 | 0.0972 | 0.94 % |
| Sep 25 | 0.0971 | 0.0965 | 0.0975 | 0.99 % |
| Sep 26 | 0.0972 | 0.0968 | 0.0979 | 1.16 % |
| Sep 27 | 0.0967 | 0.0965 | 0.0970 | 0.56 % |
| Sep 28 | 0.0964 | 0.0956 | 0.0971 | 1.54 % |
| Sep 29 | 0.0962 | 0.0957 | 0.0968 | 1.20 % |
| Sep 30 | 0.0965 | 0.0960 | 0.0970 | 1.06 % |
| Oct 01 | 0.0967 | 0.0963 | 0.0969 | 0.68 % |
| Oct 02 | 0.0969 | 0.0967 | 0.0976 | 0.99 % |
| Oct 03 | 0.0962 | 0.0955 | 0.0968 | 1.41 % |
| Oct 04 | 0.0964 | 0.0961 | 0.0966 | 0.50 % |
| Oct 05 | 0.0961 | 0.0957 | 0.0965 | 0.92 % |
| Oct 06 | 0.0961 | 0.0960 | 0.0968 | 0.86 % |
| Oct 07 | 0.0962 | 0.0955 | 0.0969 | 1.46 % |
| Oct 08 | 0.0962 | 0.0959 | 0.0965 | 0.66 % |
| Oct 09 | 0.0959 | 0.0956 | 0.0964 | 0.91 % |
| Oct 10 | 0.0958 | 0.0951 | 0.0965 | 1.42 % |
| Oct 11 | 0.0958 | 0.0955 | 0.0960 | 0.45 % |
| Oct 12 | 0.0954 | 0.0946 | 0.0956 | 1.07 % |
| Oct 13 | 0.0963 | 0.0956 | 0.0966 | 1.06 % |
| Oct 14 | 0.0956 | 0.0950 | 0.0960 | 1.04 % |
| Oct 15 | 0.0948 | 0.0946 | 0.0951 | 0.54 % |
| Oct 16 | 0.0943 | 0.0939 | 0.0947 | 0.82 % |
| Oct 17 | 0.0938 | 0.0933 | 0.0944 | 1.26 % |
| Oct 18 | 0.0940 | 0.0935 | 0.0945 | 1.10 % |
| Oct 19 | 0.0945 | 0.0941 | 0.0951 | 1.06 % |
| Oct 20 | 0.0951 | 0.0946 | 0.0957 | 1.11 % |
| Oct 21 | 0.0947 | 0.0940 | 0.0952 | 1.32 % |
Target daily price SEK/USD
Target values of the SEK/USD currency pair as of 09-22-2024.
Optimistic target level: 0.0971
Pessimistic target level: 0.0963
Target values of the SEK/USD currency pair as of 09-23-2024.
Optimistic target level: 0.0968
Pessimistic target level: 0.0960
Target values of the SEK/USD currency pair as of 09-24-2024.
Optimistic target level: 0.0972
Pessimistic target level: 0.0963
Target values of the SEK/USD currency pair as of 09-25-2024.
Optimistic target level: 0.0975
Pessimistic target level: 0.0965
Target values of the SEK/USD currency pair as of 09-26-2024.
Optimistic target level: 0.0979
Pessimistic target level: 0.0968
Swedish Krona / US Dollar (SEK/USD) Forecast 2024 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct | 0.0996 | 0.0975 | 0.1019 | 4.30 % |
| Nov | 0.0985 | 0.0968 | 0.1007 | 3.89 % |
| Dec | 0.0982 | 0.0976 | 0.0993 | 1.74 % |
SEK/USD forecast for this year
Forecast of the SEK/USD pair for Oct 2024
Forecast of the SEK/USD pair for Nov 2024
Forecast of the SEK/USD pair for Dec 2024
Swedish Krona / US Dollar (SEK/USD) Forecast 2025 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.0971 | 0.0961 | 0.0996 | 3.46 % |
| Feb | 0.1001 | 0.0978 | 0.1021 | 4.16 % |
| Mar | 0.1010 | 0.0991 | 0.1027 | 3.50 % |
| Apr | 0.0997 | 0.0979 | 0.1021 | 4.15 % |
| May | 0.0984 | 0.0976 | 0.0995 | 1.93 % |
| Jun | 0.0974 | 0.0960 | 0.0999 | 3.90 % |
| Jul | 0.0970 | 0.0961 | 0.0986 | 2.55 % |
| Aug | 0.0994 | 0.0985 | 0.1020 | 3.43 % |
| Sep | 0.1021 | 0.1007 | 0.1048 | 3.97 % |
| Oct | 0.1020 | 0.1001 | 0.1038 | 3.63 % |
| Nov | 0.1030 | 0.1004 | 0.1040 | 3.50 % |
| Dec | 0.1017 | 0.0998 | 0.1028 | 2.95 % |
Swedish Krona / US Dollar (SEK/USD) Forecast 2026 Monthly
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 0.1011 | 0.0989 | 0.1020 | 3.07 % |
| Feb | 0.1008 | 0.0983 | 0.1020 | 3.64 % |
| Mar | 0.0988 | 0.0978 | 0.1010 | 3.23 % |
| Apr | 0.0959 | 0.0939 | 0.0973 | 3.49 % |
| May | 0.0985 | 0.0976 | 0.1010 | 3.37 % |
| Jun | 0.1006 | 0.0997 | 0.1016 | 1.80 % |
| Jul | 0.1010 | 0.0997 | 0.1026 | 2.83 % |
| Aug | 0.1023 | 0.1005 | 0.1030 | 2.43 % |
| Sep | 0.1036 | 0.1015 | 0.1045 | 2.94 % |
| Oct | 0.1039 | 0.1028 | 0.1056 | 2.64 % |
| Nov | 0.1056 | 0.1032 | 0.1083 | 4.68 % |
| Dec | 0.1035 | 0.1017 | 0.1042 | 2.46 % |