YEARLY HIGH
0.0899 EUR
YEARLY LOW
0.0850 EUR
YEARLY AVERAGE
0.0874 EUR

2024 SEK to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SEK to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0899. Conversely, the yearly low was recorded on July 26, dropping to 0.0850.

This high-to-low spread represents a total annual volatility of 0.0049 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0886 to the December average rate of 0.0869, the exchange rate registered a net change of -1.97% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0899 was down 0.93% compared to the 2023 peak of 0.0908, 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 450 EUR
2023 Average 436 EUR
Yearly Trough Low 425 EUR
Transaction Impact: A difference of 24.43 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0890
0.0858
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 0.0877, compared to 0.0871 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.0877
H2 Avg (Jul–Dec) 0.0871

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0042 EUR (High: 0.0892 / Low: 0.0850). On the other end, December was the most stable month, with a tight range of 0.0011 EUR (High: 0.0875 / Low: 0.0863).

July Spread (Volatile) ±0.0042
December Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0020 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0886) against the same month in 2023 (average: 0.0892), the exchange rate shifted by -0.0006 (-0.70%).

2024 Avg (January) 0.0886
2023 Avg (January) 0.0892

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0899 0.0876 0.0886
February 0.0896 0.0876 0.0888
March 0.0895 0.0866 0.0882
April 0.0873 0.0851 0.0862
May 0.0875 0.0853 0.0860
June 0.0892 0.0875 0.0884
July 0.0892 0.0850 0.0867
August 0.0883 0.0864 0.0873
September 0.0888 0.0873 0.0881
October 0.0882 0.0862 0.0876
November 0.0870 0.0855 0.0864
December 0.0875 0.0863 0.0869