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IN FIGURES: How a stronger Swedish krona is making trips abroad cheaper
IN FIGURES: How a stronger Swedish krona is making trips abroad cheaper

Local Sweden

time11-08-2025

  • Business
  • Local Sweden

IN FIGURES: How a stronger Swedish krona is making trips abroad cheaper

After several sluggish years, the Swedish krona finally strengthened in 2025, improving the purchasing power of travellers from Sweden in countries all over the world. Advertisement For any foreigners paid in Swedish krona, travelling back home to see family and friends or taking a holiday outside Sweden has cost a pretty penny in recent years. But this year has finally seen a resurgence of Sweden's currency, making foreign travel less of a drain on personal spending. Frida Bratt, a savings expert from Nordnet bank, has crunched the numbers to show how the krona has performed this year compared to many other currencies worldwide. With the exception of a few currencies, like the Hungarian forint and Russian ruble, the krona has strengthened against the vast majority of other currencies, she said. Nordnet's economist noted that it wasn't quite as simple as saying that the prices of goods and services in a given country were now cheaper at a rate equivalent to their drop in relation to the Swedish currency since inflationary effects also needed to be taken in account. In Turkey, for example, high inflation has led to rising prices for locals and tourists alike. Turkey is an extreme case however, she added, and inflation is not nearly as high in many other places. Advertisement In the vast majority of countries, the increased purchasing power of travellers paid in Swedish kronor was roughly equivalent to the relative percentage disparity, give or take a few percentage points to adjust for inflation, according to Frida Bratt. While it's difficult to pinpoint exact reasons for the krona's rise, Handelsbanken's chief economist Christina Nyman said in March this year that 'it might be the fact that the Swedish economy is in a better position than many other countries' economies.' "Sweden has been able to cut the interest rate to what we consider a neutral level before most other countries because inflation has dropped." Sweden's strong public finances were also a likely contributing factor, she noted. SEE ALSO: What a strong Swedish krona could mean for foreigners in Sweden

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