Sweden’s Sinking Krona

When will it hit bottom?

Erik Norland, Senior Economist and Executive Director, CME Group
Originally published in the November | December 2019 issue

It’s been a rough seven years or so for the euro (EUR). Since the end of 2012, EUR has fallen 17% versus the US dollar (USD). As bad as that is, it’s much better than the Swedish krona (SEK), which, over the same period, slid 21% versus EUR and 34% versus USD. SEK hasn’t traded this low versus EUR since the depths of the financial crisis in early 2009 (Fig.1). Currently, SEKEUR is about 15% below its average level of the past two decades since EUR came into existence. 

This article is only available to subscribers.

Having problems?

If you have any questions regarding subscriptions or restricted content, please contact us on +44 (0)207 278 3385 or info@hedgefundjournal.com