🇸🇪 SEK vs 🇺🇸 USD: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one US Dollar bought 9.8755 SEK at the official reference rate, so per unit the US 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 SEK weakened by 3.5% against USD, so on momentum the US Dollar (USD) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, SEK lost 0.5% in real terms against USD over the same period.
SEK relative to USD
Positive values mean SEK strengthened against USD.
SEK vs USD over the last three years
SEK against USD, index 100 on November 6, 2023. A rising line means SEK gained on USD. Dashed: the same, adjusted for consumer-price inflation in both economies. Green dot: 3-year high, red: 3-year low.
- 3-year high: 123.0 on January 30, 2026, when SEK was at its strongest against USD in the period.
- 3-year low: 96.2 on January 13, 2025.
- Now: 109.9, 10.6% below the high and 14.2% above the low.
- Sharpest one-month move: SEK rose 10.3% against USD between March 3, 2025 and April 3, 2025, around the time of “Trump pauses tariffs after bond selloff” (🇺🇸 April 9, 2025).
What moved SEK and USD
- · 🇺🇸 Senate confirms Warsh as Fed chair — Kevin Warsh is confirmed in the closest Fed chair vote in modern history, succeeding Powell
- · 🇺🇸 Supreme Court strikes down IEEPA tariffs — The Court rules 6-3 that Trump's emergency-powers tariffs exceeded presidential authority
- · 🇸🇪 Riksbank holds, signals cuts finished — The Riksbank holds at 1.75% and signals its 2025 easing cycle is complete
- · 🇺🇸 Fed resumes cutting to 4.00-4.25% — The FOMC restarts its easing cycle after holding rates since December 2024
- · 🇺🇸 Moody's strips US of AAA rating — Moody's downgrades US sovereign debt, citing rising debt and interest costs
- · 🇺🇸 US-China agree 90-day tariff truce — Washington and Beijing sharply cut tit-for-tat tariffs after talks in Geneva
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 |
| 🇺🇸 US Dollar (USD) | +1.1% | #6 of 16 |
Open the interactive SEK/USD 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 USD'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 USD right now?
It depends on the question. Per unit, 1 USD = 9.8755 SEK (reference rate, November 6, 2026), so the US Dollar is worth more. As for which one is gaining, over the past 12 months SEK weakened by 3.5% against USD, so on momentum the US Dollar (USD) is the stronger of the two.
How do SEK and USD 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 USD ranks #6 (+1.1%).
What does the SEK vs USD 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.