The Swedish krona is surging – and it's noticeable in Thailand

The Swedish krona has made an unexpected comeback in March. After a long period of weakness, the currency is now showing strength against both the euro and the dollar – and this is also affecting the exchange rate against the Thai baht. For Swedes planning a vacation or living abroad, this could be a welcome break from the trend.

Surprising rise – thanks to Trump?

According to Expressen and News55 There are several factors behind the recent krona surge. One of the most talked about is Donald Trump's statements advocating lower US interest rates, which immediately caused the dollar to fall - and thus strengthened the krona. It is, according to some analysts, something of an unexpected gift to Swedish holidaymakers.

Where is the limit for the krona's rise?

The krona's rise in 2025 has been impressive – but the question many are now asking is how long it can continue. According to Today's PS Both the dollar and the euro have fallen sharply in price compared to Swedish kronor. At the end of March, one euro cost 10,82 kronor and one dollar 10,02 kronor – the lowest levels since 2022 and the winter's price peak, respectively.

For the upturn to continue, experts say either greater international confidence in the Swedish economy or a further decline in US interest rates is required. These are the factors that have so far led investors to seek refuge in the dollar and instead buy Swedish kronor.

But it is also worth remembering that The krona is still weak in a historical perspectiveIn previous periods, the dollar has cost as little as six or seven kronor. So there is a long way to go to those levels – and the path to get there is far from obvious.

For those of you who want to follow developments, we recommend reading our updated exchange rate report every Thursday – with a focus on the krona, dollar, euro and baht:
Weekly exchange rates – week 13, 2025

How to identify the krona in Thailand

The rise in the krona has clear and practical consequences for Swedes in or on their way to Thailand. A simple lunch that previously cost around 100 baht – equivalent to around 30 kronor – now costs perhaps only 28 kronor when the exchange rate improves. Similarly, the difference is clearly noticeable in longer stays. A monthly rent of 10 baht, which previously corresponded to around 000 kronor, is now approaching 2 kronor. For those planning a holiday, the entire travel budget can last a little longer, while imported goods and Western brands in stores become slightly cheaper to buy. It is not about Thailand becoming cheap again – but that Swedes are simply getting more for their money than just a few months ago.

Facts: The Swedish krona in brief

Currency: Swedish krona (SEK) is the official currency of Sweden.

Denomination: One krona is divided into 100 öre, but öre no longer exists as physical coins since 2010.

History: The krona was introduced in 1873 as part of a Nordic currency union between Sweden and Denmark. Norway joined the following year. The countries later went their separate ways due to national monetary policies.

The replacement for the riksdaler: In Sweden, the krona replaced the previous currency, the riksdaler, at a ratio of 1:1.

EU and euro: Sweden has been a member of the EU since 1995, but has chosen to retain the krona after a referendum in 2003.

Text: The editorial staff

Image license: Josch13, Pixabay, original image