YEARLY HIGH
0.0908 EUR
YEARLY LOW
0.0837 EUR
YEARLY AVERAGE
0.0871 EUR

2023 SEK to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SEK to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 0.0908. Conversely, the yearly low was recorded on September 13, dropping to 0.0837.

This high-to-low spread represents a total annual volatility of 0.0071 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0892 to the December average rate of 0.0894, the exchange rate registered a net change of 0.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0908 was down 7.10% compared to the 2022 peak of 0.0977, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SEK based on timing:

Yearly Peak High 454 EUR
2022 Average 470 EUR
Yearly Trough Low 418 EUR
Transaction Impact: A difference of 35.54 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0899
0.0839
JanuMarcMayJulySeptNove

SEK to EUR Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0881, compared to 0.0861 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.0881
H2 Avg (Jul–Dec) 0.0861

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0037 EUR (High: 0.0895 / Low: 0.0858). On the other end, January was the most stable month, with a tight range of 0.0018 EUR (High: 0.0900 / Low: 0.0882).

May Spread (Volatile) ±0.0037
January Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0020 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0894) against the same month in 2022 (average: 0.0908), the exchange rate shifted by -0.0014 (-1.56%).

2023 Avg (December) 0.0894
2022 Avg (December) 0.0908

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0900 0.0882 0.0892
February 0.0907 0.0877 0.0894
March 0.0900 0.0871 0.0888
April 0.0888 0.0868 0.0880
May 0.0895 0.0858 0.0877
June 0.0867 0.0847 0.0857
July 0.0873 0.0840 0.0859
August 0.0859 0.0838 0.0846
September 0.0867 0.0837 0.0844
October 0.0869 0.0843 0.0859
November 0.0881 0.0846 0.0866
December 0.0908 0.0880 0.0894