Stronger Swedish krona means a weaker portfolio value

The Swedish krona continues to strengthen against the US dollar. Today's exchange rate value for the US dollar compared to the Swedish krona is at the lowest level of the year. The exchange rate is the single largest variable for the value of our portfolio value.

Mr. Bo Hansson, formerly employed at Riksbanken, predicted a strengthening of the Swedish krona in an interview earlier this week. It's incredibly impressive that he saw this coming. I assume that Mr. Bo Hansson is one of those who is unhappy with today's 25 basis point cut in the policy rate, given his statement in the interview earlier this week where he said anything short of a double cut is misconduct.