🇪🇺 EUR vs 🇸🇪 SEK: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Euro bought 11.03 SEK at the official reference rate, so per unit the Euro is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months EUR moved +0.3% against SEK, so on momentum the two are roughly level.
Adjusted for consumer-price inflation in both economies, EUR lost 2.6% in real terms against SEK over the same period.
EUR relative to SEK
Positive values mean EUR strengthened against SEK.
EUR vs SEK over the last three years
EUR against SEK, index 100 on November 6, 2023. A rising line means EUR 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: 101.0 on July 25, 2024, when EUR was at its strongest against SEK in the period.
- 3-year low: 90.2 on January 30, 2026.
- Now: 94.6, 6.4% below the high and 4.8% above the low.
- Sharpest one-month move: EUR rose 4.9% against SEK between June 25, 2024 and July 25, 2024.
What moved EUR and SEK
- · 🇪🇺 ECB unexpectedly hikes to 2.25% — ECB reverses course with a surprise hike, defying market expectations of a hold
- · 🇸🇪 Riksbank holds, signals cuts finished — The Riksbank holds at 1.75% and signals its 2025 easing cycle is complete
- · 🇪🇺 EU-US agree 15% tariff deal — Von der Leyen and Trump strike a deal capping most EU exports at a 15% tariff
- · 🇪🇺 ECB cuts to 2.00%, pauses easing — ECB's eighth cut since June 2024 brings the deposit rate to 2.00%
- · 🇪🇺 Merz elected German chancellor — Friedrich Merz becomes chancellor after a rare failed first vote, then wins a repeat ballot
- · 🇪🇺 ECB starts cutting — ECB cuts rates for first time since 2019
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 |
|---|---|---|
| 🇪🇺 Euro (EUR) | -2.3% | #11 of 16 |
| 🇸🇪 Swedish Krona (SEK) | -2.7% | #14 of 16 |
Open the interactive EUR/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 EUR'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 EUR stronger than SEK right now?
It depends on the question. Per unit, 1 EUR = 11.03 SEK (reference rate, November 6, 2026), so the Euro is worth more. As for which one is gaining, over the past 12 months EUR moved +0.3% against SEK, so on momentum the two are roughly level.
How do EUR and SEK perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, EUR ranks #11 of 16 (-2.3%) while SEK ranks #14 (-2.7%).
What does the EUR 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.