In mid-September last year, the SEK fell to its lowest value against the USD ever, or at least so far. Then you had to pay 11.1 SEK for 1 USD. Today you pay SEK 10.55, which is almost 5% lower.
The next monetary policy announcement from Riksbanken is on 9 February 2023. I am convinced that they will raise the policy rate, the question is whether they raise it enough to strengthen the krona against the rest of the world.
It is not unusual for the Swedish krona (SEK), which is a small currency, to take a beating when the world economy is destabilized.
Despite the fact that 97% of our savings are placed on Nasdaq, we live and work in Sweden. Having one foot in both camps makes me root for both teams, a real Catch-22 moment.
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