Since nothing has changed in Sweden since the end of last year when the krona exchange rate was significantly weaker against the US dollar, it irritates me to no end that I don't understand what is causing the Swedish krona to strengthen so much in 2025.
One explanation is said to be that many Swedes have sold off their American holdings due to the US trade war with the rest of the world over tariffs, but I don't think that's the whole explanation, far from it. Another is said to be the rumour that circulated earlier that Sweden was about to change the Swedish krona for the euro.
Whoever it is who defends the Swedish krona, I wonder how long they are willing to participate in the "war". There is always a limit.
AI generated image with Grok