🇷🇺 RUB vs 🇸🇪 SEK: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Swedish Krona bought 8.3583 RUB 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 RUB strengthened by 3.3% against SEK, so on momentum the Russian Ruble (RUB) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, RUB lost 1.3% in real terms against SEK over the same period.
RUB relative to SEK
Positive values mean RUB strengthened against SEK.
RUB vs SEK over the last three years
RUB against SEK, index 100 on November 6, 2023. A rising line means RUB 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: 107.5 on July 14, 2026, when RUB was at its strongest against SEK in the period.
- 3-year low: 84.2 on November 29, 2024.
- Now: 103.1, 4.1% below the high and 22.4% above the low.
- Sharpest one-month move: RUB rose 12.5% against SEK between February 6, 2025 and February 27, 2025, around the time of “Riksbank cuts to 2.25%” (🇸🇪 January 29, 2025).
What moved RUB and SEK
- · 🇷🇺 Trump envoys shuttle Moscow-Kyiv — US negotiators hold talks in Moscow before heading to Kyiv in a renewed push to end the war
- · 🇷🇺 CBR surprise cut to 14.00% — Bank of Russia defies expectations of a hold, trimming the key rate by 25bp
- · 🇷🇺 EU adopts 20th Russia sanctions package — The EU's largest sanctions round in two years targets Russian energy revenue and banks
- · 🇸🇪 Riksbank holds, signals cuts finished — The Riksbank holds at 1.75% and signals its 2025 easing cycle is complete
- · 🇷🇺 US presents 28-point peace plan — A US peace proposal seen as favorable to Moscow raises hopes of eventual sanctions relief
- · 🇷🇺 US sanctions Russia's top oil majors — US Treasury sanctions Rosneft and Lukoil, Russia's two largest oil companies
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 |
|---|---|---|
| 🇷🇺 Russian Ruble (RUB) | +0.8% | #7 of 16 |
| 🇸🇪 Swedish Krona (SEK) | -2.7% | #14 of 16 |
Open the interactive RUB/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 RUB'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 RUB stronger than SEK right now?
It depends on the question. Per unit, 1 SEK = 8.3583 RUB (reference rate, November 6, 2026), so the Swedish Krona is worth more. As for which one is gaining, over the past 12 months RUB strengthened by 3.3% against SEK, so on momentum the Russian Ruble (RUB) is the stronger of the two.
How do RUB and SEK perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, RUB ranks #7 of 16 (+0.8%) while SEK ranks #14 (-2.7%).
What does the RUB 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.