🇨🇦 CAD vs 🇸🇪 SEK: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Canadian Dollar bought 7.0207 SEK at the official reference rate, so per unit the Canadian Dollar is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months CAD strengthened by 3.8% against SEK, so on momentum the Canadian Dollar (CAD) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, CAD gained 1.7% in real terms against SEK over the same period.
CAD relative to SEK
Positive values mean CAD strengthened against SEK.
CAD vs SEK over the last three years
CAD against SEK, index 100 on November 6, 2023. A rising line means CAD gained on SEK. Dashed: the same, adjusted for consumer-price inflation in both economies. Green dot: 3-year high, red: 3-year low.
- 3-year high: 100.8 on April 30, 2024, when CAD was at its strongest against SEK in the period.
- 3-year low: 81.6 on January 27, 2026.
- Now: 88.3, 12.3% below the high and 8.3% above the low.
- Sharpest one-month move: CAD fell 8.3% against SEK between February 12, 2025 and March 11, 2025, around the time of “Riksbank cuts to 2.25%” (🇸🇪 March 20, 2025).
What moved CAD and SEK
- · 🇨🇦 US declines to extend CUSMA deal — The US-Canada-Mexico trade pact stays in force but shifts to annual reviews, not a 16-year extension
- · 🇸🇪 Riksbank holds, signals cuts finished — The Riksbank holds at 1.75% and signals its 2025 easing cycle is complete
- · 🇨🇦 Trump cancels all Canada trade talks — Trump terminates trade negotiations with Canada after a dispute over an anti-tariff ad
- · 🇨🇦 BoC starts cutting — Bank of Canada begins easing cycle, cuts to 4.75%
Major central-bank decisions, elections and shocks for the two currencies since November 6, 2023. The interactive chart marks them on the line.
Performance against 15 major currencies
| Currency | 12-month change vs basket | Rank |
|---|---|---|
| 🇨🇦 Canadian Dollar (CAD) | +1.3% | #5 of 16 |
| 🇸🇪 Swedish Krona (SEK) | -2.7% | #14 of 16 |
Open the interactive CAD/SEK chart →
How this comparison works
Each currency's strength index starts at 100 and accumulates its daily change against 15 other major currencies (a geometric mean of pairwise exchange-rate moves), using European Central Bank reference rates and other official sources. The relative figures above divide CAD's index by SEK's, so they reflect the two currencies' performance against each other while accounting for the whole basket. The real variant additionally adjusts each currency for its domestic CPI inflation.
Read the full methodology →Frequently asked questions
Is CAD stronger than SEK right now?
It depends on the question. Per unit, 1 CAD = 7.0207 SEK (reference rate, November 6, 2026), so the Canadian Dollar is worth more. As for which one is gaining, over the past 12 months CAD strengthened by 3.8% against SEK, so on momentum the Canadian Dollar (CAD) is the stronger of the two.
How do CAD and SEK perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, CAD ranks #5 of 16 (+1.3%) while SEK ranks #14 (-2.7%).
What does the CAD vs SEK strength comparison show?
Rather than a single exchange rate, this page compares how each currency performed against a basket of 15 major currencies, then derives their relative strength. It filters out moves caused by the other currency alone and shows who is truly stronger.
How often is the data updated?
Every trading day (Monday to Friday), after the European Central Bank publishes its reference rates, usually around 16:00 CET.