Newest observation in the database: 2026-10-16 · Dates may differ by currency. Not buy/sell quotes.

How exchange rates work

An exchange rate tells you what one currency is worth in another. But the rate in a table and the amount on your bank statement may differ. Here is how to read and use them.

How do I convert currencies to Swedish kronor?

Our rates show how many Swedish kronor (SEK) equal one unit of the foreign currency. Multiply the foreign amount by its SEK rate to convert to kronor. Divide a krona amount by that rate to convert in the other direction.

Worked example — not today’s rate

If 1 EUR = 11 SEK, then 100 EUR × 11 = 1,100 SEK. To convert 550 SEK to euros, calculate 550 ÷ 11 = 50 EUR.

Use the currency converter to select an amount and both currencies. The same principle applies to euros, US dollars and the other supported currencies.

Between two foreign currencies, the calculation goes through SEK: amount × source currency’s SEK rate ÷ target currency’s SEK rate. For example, if a euro costs 11 SEK and a dollar costs 10 SEK, 100 EUR equals 110 USD. These are example values, not current rates.

What is a reference rate?

A reference rate is a common comparison value. växla.com retrieves daily exchange rates from Sveriges Riksbank, Sweden’s central bank. They are not a bank quotation or rates at which we offer to buy or sell currency.

Our scheduled import runs on weekdays at 17:15 Swedish time. On weekends, public holidays and before the next available publication, the latest rate may be from an earlier banking day. Read the observation date beside the individual currency or conversion, not just the newest database date in the header. Two currencies may have different observation dates. Rates are not real time.

Why does a bank’s rate differ from the reference rate?

Banks, card issuers and exchange services may set their own buying and selling rates. The difference is often called the spread. They may also add a percentage markup or a fixed fee. Comparing only an advertised rate may therefore miss part of the total cost.

Simplified markup example

A 100 EUR purchase equals 1,100 SEK at the example rate of 11. With a 2% markup, the cost becomes 1,100 × 1.02 = 1,122 SEK. Any fixed fee is additional. Your payment provider’s terms determine the actual calculation.

Check the rate used, its date, any percentage markup and any fixed fee. Our converter shows a reference amount without these additions. We do not compare banks’ offers or exchange currency.

How do I read historical exchange rates?

Foreign-currency charts show SEK per currency unit. When EUR/SEK rises, more kronor are needed for a euro: the euro has strengthened against the krona. When it falls, fewer kronor are needed: the krona has strengthened against the euro.

Percentage change is calculated as (end rate ÷ start rate − 1) × 100. The selected period matters: a currency can rise over a month while falling over a year.

Charts may carry the latest available rate forward between banking days. That does not mean new observations are published at weekends. We show actual observation counts and dates separately. Coverage starts on different dates for different currencies; euro history before 1999 refers to its predecessor, the ECU. Historical changes are not forecasts.

Explore euro history · Explore dollar history · Compare exchange rates

Sources and methodology

This guide is compiled by WebFinance Digital i Sverige AB, the operator of växla.com. Rate data and publication information: Riksbank interest rates and exchange rates. Read our methodology or report an error.