2025-03-04
The Swedish krona has recently experienced a sharp strengthening against both the euro and the dollar. According to recent figures, one euro was quoted at 11,15 kronor on 3 March 2025, which is a clear decrease compared to previous levels. The rise of the krona is linked to increased European defense spending and Sweden's growing defense industry, which creates economic benefits for the country.
Why is the Swedish krona strengthening?
One of the main reasons behind the strengthening of the krona is Sweden's position as a strong player in the defense industry. As Europe increases its investments in defense, demand for Swedish defense technology has increased significantly. Companies such as Saab and other Swedish defense companies have seen increasing orders, which contributes to a positive effect on Sweden's economy.
Robert Bergqvist, senior economist at SEB, believes that Sweden's advanced weapons technology and increased exports in the defense sector play a central role in strengthening the krona. This creates confidence in the currency market and makes investors see the krona as more attractive.
Effects of the krona appreciation
The rise of the krona has several direct effects on Swedish companies and individuals:
- For travelers and importers: A stronger krona means it will be cheaper to buy goods from abroad and to travel, especially within Europe.
- For export companies: However, a stronger krona can negatively affect Swedish export companies, as Swedish goods become more expensive for foreign buyers.
- For the defense industry: As demand for Swedish defense technology continues to increase, this may offset any negative effects of a stronger currency.
Future prospects
Thailand Info följer valutakurser gentemot den thailändska bahten (THB) och redovisar dem varje torsdag. Exempelvis rapporterades förra veckans kursutveckling i vår senaste sammanställning: Weekly Rates – Week 09-2025. Genom att följa dessa veckovisa uppdateringar kan läsare få en bättre förståelse för hur kronan rör sig i förhållande till THB och andra valutor.
Economists expect the strength of the krona to persist as long as Europe's defense investments continue to benefit Swedish industry. At the same time, the currency market is sensitive to global changes, and factors such as interest rate decisions and geopolitical events may affect the exchange rate going forward.
However, recent developments indicate that Sweden's economy may be entering a more stable phase, with the defense sector playing an increasingly important role. This could have long-term positive effects on the country's economy and position in the global market.
Text: The editorial staff
Image license: Antonia Sehlstedt, Swedish Armed Forces, original image