🇯🇵 JPY vs 🇸🇪 SEK: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Swedish Krona bought 16.03 JPY at the official reference rate, so per unit the Swedish Krona is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months JPY moved +0.6% against SEK, so on momentum the two are roughly level.
Adjusted for consumer-price inflation in both economies, JPY lost 0.1% in real terms against SEK over the same period.
JPY relative to SEK
Positive values mean JPY strengthened against SEK.
JPY vs SEK over the last three years
JPY against SEK, index 100 on November 6, 2023. A rising line means JPY 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: 102.0 on August 5, 2024, when JPY was at its strongest against SEK in the period.
- 3-year low: 78.5 on January 23, 2026.
- Now: 86.1, 15.6% below the high and 9.6% above the low.
- Sharpest one-month move: JPY rose 13.6% against SEK between July 11, 2024 and August 5, 2024.
What moved JPY and SEK
- · 🇯🇵 US and Japan intervene to prop up yen — A rare joint intervention aims to halt the yen's slide as a carry-trade unwind rattles global markets
- · 🇯🇵 BoJ hikes to 1.00% — Bank of Japan raises its policy rate again, citing persistent inflation and yen weakness
- · 🇯🇵 Japan intervenes to defend yen — Japan's Ministry of Finance buys yen after it crosses 160 per dollar during Golden Week
- · 🇯🇵 Takaichi's LDP wins snap election — The LDP-JIP coalition wins a postwar-record majority after a snap election
- · 🇸🇪 Riksbank holds, signals cuts finished — The Riksbank holds at 1.75% and signals its 2025 easing cycle is complete
- · 🇯🇵 Takaichi wins LDP leadership — Sanae Takaichi becomes the LDP's first female leader; yen weakens on looser-policy bets
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 |
|---|---|---|
| 🇯🇵 Japanese Yen (JPY) | -2.1% | #10 of 16 |
| 🇸🇪 Swedish Krona (SEK) | -2.7% | #14 of 16 |
Open the interactive JPY/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 JPY'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 JPY stronger than SEK right now?
It depends on the question. Per unit, 1 SEK = 16.03 JPY (reference rate, November 6, 2026), so the Swedish Krona is worth more. As for which one is gaining, over the past 12 months JPY moved +0.6% against SEK, so on momentum the two are roughly level.
How do JPY and SEK perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, JPY ranks #10 of 16 (-2.1%) while SEK ranks #14 (-2.7%).
What does the JPY 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.