Euro to Swedish Krona exchange rate history 1999 to 2026: two Nordic policy paths
One Euro bought 8.807 SEK in 1999 and 10.924 SEK in 2026. Two Nordic policy paths. The series covers 28 years of annual data.
- 2026 avg
- 10.924
- year to date
- Highest avg
- 11.472
- 2023
- Lowest avg
- 8.443
- 2000
- Traded range
- 8.070 to 11.945
- low 2000, high 2023
Source: Federal Reserve H.10 cross rate (DEXUSEU ÷ DEXSDUS). Latest daily observation 2026-10-30.
Annual averages of daily observations.
EUR/SEK in four numbers
- Change since 1999
- +25.6%
- 27 complete years
- Change over 10 years
- +18.2%
- 2015 to 2025
- Average annual change
- +1.1%
- standard deviation 5.7 points
- Largest drawdown
- 21.7%
- 2008 to 2012
EUR/SEK against related pairs
Each comparison uses the 2025 year-end change in this dataset, not a daily or monthly window.
EUR/SEK annual average, 1999 to 2026
Annual average with the full trading range for each year. average high–low range
Source: Federal Reserve H.10 cross rate (DEXUSEU ÷ DEXSDUS). Figures are annual averages of daily observations.
EUR/SEK since 1999
Euro to Swedish Krona averaged 8.807 SEK in 1999 and 11.061 SEK in 2025, 25.6% higher across 27 complete years.
The annual average has ranged from 8.443 in 2000 to 11.472 in 2023. On individual trading days the series reached 8.070 and 11.945, a ratio of 1.5 to 1.
EUR/SEK against related pairs
SEK/USD moved +20.0% in 2025, while EUR/SEK moved -5.5% over the same calendar year.
EUR/NOK moved +0.6% in 2025, while EUR/SEK moved -5.5% over the same calendar year.
DKK/USD moved +13.2% in 2025, while EUR/SEK moved -5.5% over the same calendar year.
What moves EUR/SEK
EUR: The euro is the shared currency of the euro area. It was introduced for accounting in 1999 and as cash in 2002.
SEK: The Swedish krona has floated since 1992. Sweden is an open export economy and has kept the krona rather than adopt the euro.
For EUR/SEK, the EUR leg responds to European Central Bank policy, euro area inflation, energy prices, while the SEK leg responds to Riksbank policy, export demand, global risk appetite. The exchange rate is the market's attempt to balance the two sets of forces.
ECB and Riksbank policy in EUR/SEK
EUR/SEK is a relative-policy pair. The European Central Bank sets the EUR rate and the Sveriges Riksbank sets the SEK rate. The pair tends to track the expected path of both, not just the current level.
Sweden is closely tied to the euro area but keeps its own central bank and currency, so the pair tracks relative policy. When one central bank tightens faster, the currency with the higher expected return usually strengthens, but the relationship is noisy because expectations move before decisions.
The krona is cyclical: it tends to weaken when European growth slows and strengthen when risk appetite returns. Across 27 complete years the average moved +25.6%, with 14 up years and 12 down years.
The five largest EUR/SEK moves
Ranked by absolute year-end change, the five largest moves were 2008 (+16.3%), 2010 (-12.5%), 2022 (+8.8%), 2014 (+6.9%), 2009 (-6.5%). The biggest was 2008, when the rate moved from 9.429 to 10.964, a change of 16.3%.
Across 27 complete years the pair rose in 14 and fell in 12. The average annual change was +1.1% with a standard deviation of 5.7 percentage points, which is one way to compare its volatility with other pairs.
EUR/SEK by decade
Grouped by decade, the annual average was 8.807 in 1999 and 10.880 in 2020-2026. The widest decade-to-decade change was +15.4% between 2010-2019 and 2020-2026, when the average moved from 9.432 to 10.880.
The final bucket, 2020-2026, is a partial decade and includes the year-to-date 2026 average. The table below shows every bucket with its high and low, so the short-run moves and the long-run level can be read together.
How to read the EUR/SEK data
This is a derived cross rate. Each day's EUR/SEK is calculated from the two US dollar legs in Federal Reserve H.10 cross rate (DEXUSEU ÷ DEXSDUS), joined on the same calendar date with up to seven days of holiday carry-forward. No figure on this page is estimated or interpolated.
EUR/SEK history: the years that moved the rate
Each event below is dated and tied to one of the currencies in this pair.
- 2003 2003-09-14
Sweden rejects euro membership
Swedish voters rejected adopting the euro, so Sweden kept the krona and remained outside the euro area.
- 2008 2008-09-15
Lehman Brothers files for bankruptcy
The collapse of Lehman Brothers triggered a global financial crisis, a flight into the US dollar and extreme volatility across currency markets.
- 2020 2020-03-15
Pandemic triggers a global dash for cash
The COVID-19 shock caused a worldwide sell-off and a surge in demand for US dollars, followed by large central bank intervention and emergency rate cuts.
EUR to SEK exchange rate by year
Every year since 1999: annual average, the year high and low, the year-end rate, and the change on the previous year.
| Year | Average | High | Low | Year end | Change |
|---|---|---|---|---|---|
| 1999 | 8.807 | 9.473 | 8.541 | 8.565 | n/a |
| 2000 | 8.443 | 8.906 | 8.070 | 8.866 | +3.5% |
| 2001 | 9.250 | 9.921 | 8.848 | 9.308 | +5.0% |
| 2002 | 9.163 | 9.516 | 9.004 | 9.117 | -2.0% |
| 2003 | 9.125 | 9.318 | 8.884 | 9.064 | -0.6% |
| 2004 | 9.127 | 9.283 | 8.903 | 9.028 | -0.4% |
| 2005 | 9.279 | 9.625 | 9.009 | 9.399 | +4.1% |
| 2006 | 9.250 | 9.469 | 8.968 | 9.019 | -4.0% |
| 2007 | 9.249 | 9.482 | 9.010 | 9.429 | +4.5% |
| 2008 | 9.624 | 11.260 | 9.274 | 10.964 | +16.3% |
| 2009 | 10.623 | 11.668 | 10.050 | 10.252 | -6.5% |
| 2010 | 9.539 | 10.277 | 8.966 | 8.966 | -12.5% |
| 2011 | 9.029 | 9.313 | 8.702 | 8.917 | -0.5% |
| 2012 | 8.705 | 9.149 | 8.186 | 8.581 | -3.8% |
| 2013 | 8.648 | 9.071 | 8.292 | 8.854 | +3.2% |
| 2014 | 9.098 | 9.529 | 8.751 | 9.468 | +6.9% |
| 2015 | 9.355 | 9.638 | 9.123 | 9.174 | -3.1% |
| 2016 | 9.463 | 9.964 | 9.131 | 9.582 | +4.4% |
| 2017 | 9.637 | 10.027 | 9.417 | 9.826 | +2.5% |
| 2018 | 10.261 | 10.707 | 9.766 | 10.156 | +3.4% |
| 2019 | 10.588 | 10.931 | 10.208 | 10.489 | +3.3% |
| 2020 | 10.493 | 11.108 | 10.035 | 10.040 | -4.3% |
| 2021 | 10.146 | 10.338 | 9.866 | 10.243 | +2.0% |
| 2022 | 10.629 | 11.177 | 10.226 | 11.144 | +8.8% |
| 2023 | 11.472 | 11.945 | 11.023 | 11.118 | -0.2% |
| 2024 | 11.438 | 11.740 | 11.163 | 11.456 | +3.0% |
| 2025 | 11.061 | 11.518 | 10.757 | 10.824 | -5.5% |
| 2026 YTD | 10.924 | 11.347 | 10.517 | 10.975 | +1.4% |
1999–2026 · 27 complete calendar years. Annual figures are averages of available daily observations. 2026 is year to date: the average is based on 209 published trading days through 2026-10-30.
EUR/SEK by decade
Annual averages grouped into decade buckets. The first and last buckets may cover fewer than ten years.
| Period | Average | High | Low | vs previous |
|---|---|---|---|---|
| 1999 | 8.807 | 9.473 | 8.541 | n/a |
| 2000–2009 | 9.313 | 11.668 | 8.070 | +5.8% |
| 2010–2019 | 9.432 | 10.931 | 8.186 | +1.3% |
| 2020–2026 | 10.880 | 11.945 | 9.866 | +15.4% |
Average of the annual averages in each period. The first and last rows cover partial decades.
Five largest EUR/SEK moves
The largest absolute year-end changes in the published series, using complete calendar years only.
- 2008 +16.3% 9.429 to 10.964
Year-end rate moved from 9.429 to 10.964, a change of 16.3%.
- 2010 -12.5% 10.252 to 8.966
Year-end rate moved from 10.252 to 8.966, a change of 12.5%.
- 2022 +8.8% 10.243 to 11.144
Year-end rate moved from 10.243 to 11.144, a change of 8.8%.
- 2014 +6.9% 8.854 to 9.468
Year-end rate moved from 8.854 to 9.468, a change of 6.9%.
- 2009 -6.5% 10.964 to 10.252
Year-end rate moved from 10.964 to 10.252, a change of 6.5%.
EUR/SEK history: common questions
What was the EUR/SEK rate in 1999?
One EUR averaged 8.807 SEK in 1999, with a range of 8.541 to 9.473 and a year-end rate of 8.565.
How is the EUR/SEK rate calculated?
This is a derived cross rate. Each day's EUR/SEK is calculated from the two US dollar legs in Federal Reserve H.10 cross rate (DEXUSEU ÷ DEXSDUS), joined on the same date.
What is the highest EUR/SEK rate on record?
The highest annual average was 11.472 in 2023. The highest single observation was 11.945 in 2023.
What is the lowest EUR/SEK rate on record?
The lowest annual average was 8.443 in 2000. The lowest single observation was 8.070 in 2000.
What was the biggest single-year move in EUR/SEK?
2008 was the largest, at +16.3%. The year-end rate moved from 9.429 to 10.964.
What is the EUR/SEK rate in 2026?
The 2026 average is 10.924 SEK per EUR, based on the year to date. The latest complete year, 2025, averaged 11.061.
Query any EUR/SEK rate since 1999
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- Exact rate for any date, with weekend and holiday carry-forward
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-G --data-urlencode 'from=EUR&to=SEK'curl https://api.currency-core.com/v1/convert \
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--data-urlencode 'date=2008-06-15' 28 years of EUR/SEK.
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