1 USD to SEK - Convert US Dollar to Swedish Krona

Over the last 7 days, the USD to SEK exchange rate moved between 9.1062 and 9.5856. The average rate for the week was 9.3467, with a volatility of 1.9%. The US Dollar strengthened against the Swedish Krona by 0.3% during this period.

Looking at the 30-day window, the USD/SEK pair traded in a range of 9.0435 to 9.5985. The monthly average was 9.3316 with 1.79% volatility. The relatively low volatility indicates stable trading conditions for the USD/SEK currency pair.

The current mid-market exchange rate is 1 USD = 9.3953 SEK, updated as of June 4, 2026, 9:03 PM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

US Dollar to Swedish Krona Exchange Rate

Sweden is one of the most innovative economies in Europe, home to companies like Spotify, IKEA, Ericsson, Volvo, and H&M. Despite being an EU member, Sweden chose to keep its own currency rather than adopt the euro, giving the Riksbank independent monetary policy. The Swedish krona has been notably weak in recent years, making Sweden cheaper for dollar-earning visitors while increasing import costs for Swedes.

The Cashless Country That Still Has Its Own Currency

Sweden is the world's most cashless society. Physical currency in circulation has dropped over 80% in the past decade, and most Swedes use the Swish mobile payment app for everything from splitting a restaurant bill to paying a street vendor. Despite this digital transformation, Sweden has not adopted the euro and has no immediate plans to do so. The Riksbank is also one of the world's oldest central banks, founded in 1668, and has been developing its own digital currency (e-krona) as a potential complement to the existing system. For visitors exchanging dollars, the cashless infrastructure means card payments with good exchange rates are more practical than carrying physical kroner.

What Drives the USD/SEK Rate

Riksbank interest rate decisions and inflation data are the primary Swedish factors. The krona is sensitive to European economic sentiment since Sweden's exports go heavily to EU neighbors. Global risk appetite matters because the krona, like other smaller European currencies, weakens during risk-off periods. Fed policy, the EUR/USD rate, and commodity prices (Sweden exports iron ore and timber) also affect the pair.

What a Conversion Really Costs

Banks charge 1.5-3% on USD/SEK. Online services offer 0.5-1.5%. In Sweden, the best approach is using a multi-currency or no-foreign-fee card for all payments since cash exchange is impractical in a country where many businesses no longer accept physical money. The difference between a bank exchange and an online service on $5,000 is $50-100 in kroner.

How to Get the Best USD to SEK Rate

Use a card with no foreign transaction fees for spending in Sweden. For transfers, compare online services against the mid-market rate on this page. Avoid exchanging cash since Sweden's cashless infrastructure makes it unnecessary and money changers in Stockholm charge premium rates targeting tourists. For business payments to Sweden, online services with SEPA compatibility offer fast and cheap transfers, often arriving the same day for a fraction of what a traditional wire costs.