USDSEK definition

USD/SEK is the price of the US dollar in Swedish kronor, showing how many kronor one dollar will buy. It makes up roughly 1.1% of the around $9.6 trillion traded across the global forex market each day (BIS Triennial Survey, 2025), which ranks it among the more active minors, though its spreads are wider than the majors. The pair has no common nickname.

The US dollar is the base currency and the Swedish krona the quote currency, so a quote of 10.5000 means one US dollar buys 10.5000 kronor. A rising price means the dollar is strengthening against the krona, a falling price the reverse. You trade USD/SEK as a forex CFD, taking a position on the price rather than buying kronor outright: go long if you expect the dollar to rise, short if you expect it to fall. Moves are measured in pips at the fourth decimal place, and your result is the pips gained or lost multiplied by your position size.

The krona is heavily exposed to the eurozone, since the euro area is Sweden's main trading partner, so euro-area growth and ECB policy feed through to the krona alongside the Riksbank's own rate decisions. The krona is also a relatively cyclical currency that tends to weaken when global risk sentiment deteriorates, which can push USD/SEK higher in risk-off periods even without fresh US news.