The Swedish krona has weakened against the US dollar more than any other major currency in the world this year. Since the beginning of the year, the krona has lost just over seven percent against the dollar, making goods, services, and trips paid in dollars more expensive for Swedish households and businesses.

With an exchange rate of 9.92 kronor per dollar, the krona has dropped 7.12 percent so far this year, according to Bloomberg’s weekly dollar index. This is reported by the news agency TT.

This puts the krona last among the so-called G10 currencies, a group consisting of some of the world’s most traded and liquid currencies. The Danish krone and the euro have also fallen against the dollar this year, by 4.39 percent and 4.32 percent respectively, but not to the same extent as the Swedish krona.

The Riksbank’s own daily exchange rates show the same trend. On December 30 last year, the Riksbank recorded the dollar at 9.20 kronor. On Friday, October 16, the rate was 9.90 kronor. This means the krona has lost just over seven percent against the dollar, and a dollar now costs about 7.6 percent more in kronor than before.

1,000 Dollars Now Cost 700 Kronor More

Converted with the Riksbank’s exchange rates, a purchase of 1,000 dollars today costs just over 9,900 kronor, compared to just over 9,200 kronor at the start of the year.

The dollar was at its most expensive at the beginning of October. On October 2, the Riksbank recorded the dollar at 10.06 kronor, the highest rate so far this year.

The loss against the euro is less, since the euro has also weakened against the dollar this year. According to the Riksbank, a euro cost 10.82 kronor at the start of the year and 11.15 kronor on Friday, an increase of about three percent.

This matters for households, as a large part of Sweden’s trade is with euro countries. A weaker krona generally means imported goods and foreign travel become more expensive in kronor. Oil is traded in dollars on the world market, so the exchange rate also impacts fuel prices.

The Norwegian Krone Moved in the Other Direction

The Norwegian krone performed best among the G10 currencies, with an increase of 6.92 percent against the dollar. The Australian dollar has strengthened by 4.09 percent.

Against the Swedish krona, the Norwegian krone has strengthened by nearly 15 percent this year. At the beginning of the year, one Norwegian krone cost 0.91 SEK, and on Friday, 1.05 SEK, according to the Riksbank.

A year ago, the situation was the opposite. During 2025, the krona strengthened against the dollar week after week. At the end of 2024, a dollar cost 11.00 kronor, and a year later the exchange rate had dropped to 9.20 kronor, according to the Riksbank’s records.