Mixed bag

Historically, in the last 30 years, the Swedish krona has never been weaker compared to the US dollar than it is right now. This means that almost everything Sweden imports has increased or is increasing in price. While Swedish products have become cheaper for the rest of the world to acquire. In addition to the price increases, trips abroad have also become expensive for those who pay with the Swedish krona.

On the other hand, one of our acquaintances who is an American citizen who is employed by an American company but stationed in Sweden and gets his salary paid in dollars, has had a actual salary increase recently thanks to the development of the Swedish krona.

For us personally, the weak Swedish krona is in our favor if I only consider our investments because 99% of our investments are placed in US dollars. December is likely to be our best dividend month in all of 2024 and the exchange rate differential is, albeit a small, a contributing factor.

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