1 EUR to SEK - Convert Euro to Swedish Krona

Looking at the 30-day window, the EUR/SEK pair traded in a range of 10.3397 to 11.1415. The monthly average was 10.7578 with 1.73% volatility. This upward movement of 2.6% suggests significant momentum in the EUR/SEK exchange rate.

The current mid-market exchange rate is 1 EUR = 10.9026 SEK, updated as of June 4, 2026, 2:48 AM 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.

Euro to Swedish Krona Exchange Rate

EUR/SEK is the primary exchange rate for trade between Sweden and the Eurozone. Despite being an EU member, Sweden kept its currency after voters rejected the euro in a 2003 referendum. The rate matters for Swedish exporters like Volvo, Ericsson, and H&M who earn heavily in euros, and for the thousands of Europeans who travel to Sweden for business, tourism, or to work in its thriving tech sector.

The Spotify Economy

Sweden has produced more billion-dollar tech companies per capita than almost any country outside Silicon Valley. Spotify, Klarna, King (Candy Crush), Mojang (Minecraft), and iZettle all originated in Stockholm or other Swedish cities. Most of these companies earn revenue globally in dollars and euros while their development teams are paid in kronor. This creates a constant flow of foreign currency into Sweden that supports the krona. When Swedish tech companies have strong quarters, the effect ripples into the currency. The Riksbank has noted that the tech sector's growth has structurally changed Sweden's capital flows, making the krona less dependent on traditional exports like timber and iron ore than it was a generation ago. For anyone watching EUR/SEK, the health of Stockholm's tech ecosystem is now as relevant as traditional economic indicators.

What Drives the EUR/SEK Rate

Riksbank and ECB interest rate decisions are the primary drivers. Swedish inflation, GDP data, housing market conditions, and export performance all affect the krona. The krona has been notably weak in recent years, which the Riksbank has attributed partly to structural shifts in Swedish pension fund investment abroad. Global risk sentiment tends to weaken the krona since investors view it as a smaller, less liquid European currency compared to the euro.

What a Conversion Really Costs

EUR/SEK is liquid with moderate spreads. Banks charge 1-2.5%. Online services offer 0.3-1%. In Sweden, card payments with multi-currency or no-fee cards are the most practical option since the country is almost entirely cashless. Physical currency exchange is rarely necessary and Stockholm exchange offices charge 1-3% for the few tourists who need cash.

How to Get the Best EUR to SEK Rate

Use a multi-currency card for spending in Sweden. For transfers, online services beat banks consistently. Compare against the mid-market rate on this page. Since Sweden is virtually cashless, carrying physical kronor is usually unnecessary for visitors from the Eurozone. For business payments, SEPA transfers between Eurozone banks and Swedish banks are fast and cheap, typically arriving same day.