Sweden above all

The Swedish krona strengthens further against the US dollar and has reached a new annual high for 2024. To exchange 1 USD costs 10.18 SEK at the exchange offices. Our total portfolio value reached a new ATM calculated in USD yesterday while our actual value in SEK is 6.75% lower than ATM. This makes it clear that the exchange rate for us is the strongest variable of the value of our portfolio calculated in SEK.

As a Swede, I am grateful that the Swedish krona and thus confidence in Sweden and its economy is strengthened, while on a personal level I am equally grateful that we have all investments in USD because I am convinced that it is the only right long term.

Yesterday the Swedish krona had its strongest position in 2024 at 1 USD to 10.15 SEK, which is closer to my prediction that a 1 USD will not cost less than 10 SEK this year than I feel comfortable with for my prediction to hold.

However, I put Sweden's best interests first and hope that my prediction turns out to be wrong.