🇸🇪 SEK vs 🇺🇦 UAH: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Swedish Krona bought 4.5949 UAH 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 SEK strengthened by 4% against UAH, so on momentum the Swedish Krona (SEK) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, SEK gained 12.5% in real terms against UAH over the same period.
SEK relative to UAH
Positive values mean SEK strengthened against UAH.
SEK vs UAH over the last three years
SEK against UAH, index 100 on November 6, 2023. A rising line means SEK gained on UAH. Dashed: the same, adjusted for consumer-price inflation in both economies. Green dot: 3-year high, red: 3-year low.
- 3-year high: 145.9 on February 11, 2026, when SEK was at its strongest against UAH in the period.
- 3-year low: 99.4 on November 8, 2023.
- Now: 137.6, 5.7% below the high and 38.5% above the low.
- Sharpest one-month move: SEK rose 10.1% against UAH between November 30, 2023 and December 28, 2023.
What moved SEK and UAH
- · 🇺🇦 Trump envoys shuttle Moscow-Kyiv — Witkoff and Kushner meet Putin, then Zelensky, in a fresh push for peace; Putin pauses strikes on Kyiv
- · 🇺🇦 NBU unexpectedly hikes to 15.5% — Ukraine's central bank ends three straight holds, citing mounting inflationary pressure
- · 🇺🇦 EU agrees $105bn Ukraine loan — EU leaders agree to lend Ukraine roughly EUR90bn for 2026-27 after Russian-asset talks stall
- · 🇸🇪 Riksbank holds, signals cuts finished — The Riksbank holds at 1.75% and signals its 2025 easing cycle is complete
- · 🇺🇦 US presents 28-point Ukraine peace plan — A Trump administration proposal is seen by Kyiv and allies as favoring Russian demands
- · 🇺🇦 US and Ukraine sign minerals deal — Washington and Kyiv sign a long-negotiated minerals and reconstruction investment agreement
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 |
|---|---|---|
| 🇸🇪 Swedish Krona (SEK) | -2.7% | #14 of 16 |
| 🇺🇦 Ukrainian Hryvnia (UAH) | -6.7% | #16 of 16 |
Open the interactive SEK/UAH 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 SEK's index by UAH'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 SEK stronger than UAH right now?
It depends on the question. Per unit, 1 SEK = 4.5949 UAH (reference rate, November 6, 2026), so the Swedish Krona is worth more. As for which one is gaining, over the past 12 months SEK strengthened by 4% against UAH, so on momentum the Swedish Krona (SEK) is the stronger of the two.
How do SEK and UAH perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, SEK ranks #14 of 16 (-2.7%) while UAH ranks #16 (-6.7%).
What does the SEK vs UAH 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.