All exchange rates

Swedish krona (SEK) exchange rate

The ECB publishes the Swedish krona rate every working day at around 16:00 CET, 17:00 in Latvia, as the number of SEK to one euro. In Latvia this is the rate for bookkeeping and for invoices in SEK.

One euro
One SEK
Change
Applies to transactions

Rate history

Currency converter

Rate for a transaction date

Enter the date of the transaction or of an advance payment to see the ECB rate in force at the start of that day. For most invoices that is the invoice date.

The currency

Used in
Sweden
Quoted by the ECB since
04/01/1999
Quoted to
4 decimal places

Sweden sits across the Baltic Sea, and many Swedish clients and suppliers pay and invoice in kronor. It is an EU member outside the euro area, so deals with businesses there follow the same EU single-market VAT rules as deals inside the euro area; only the currency differs.

Which rate goes on an invoice

Latvian bookkeeping uses the euro reference rate published by the European Central Bank. When an invoice or another source document is in a foreign currency, its amounts are converted to euro at the rate in force at the start of the day of the transaction (Accounting Law, Section 7(2) and 7(3)).

The ECB publishes new rates in the afternoon, so at the start of any day the rate in force is the one published on the previous working day. A transaction on Tuesday uses the rate published on Monday, not the one published on Tuesday. The 2013 guidelines for the euro changeover explain it the same way: use the previous day's rate, which is still in force on the day of the transaction.

A VAT invoice may show its amounts in any currency, but the VAT payable must be stated in euro at that same rate. For an advance payment, use the rate in force at the start of the day the advance was received (VAT Law, Section 129(5)).

Weekends and holidays

The ECB does not publish on Saturdays, Sundays or TARGET closing days: 1 January, Good Friday, Easter Monday, 1 May, and 25 and 26 December. The last published rate stays in force.

Transaction dayUses the rate published on
Mondaythe previous Friday
TuesdayMonday
WednesdayTuesday
ThursdayWednesday
FridayThursday
SaturdayFriday
SundayFriday

On Latvian public holidays such as 4 May and 18 November the ECB publishes as usual.

Questions

What is the Swedish krona exchange rate today?
The ECB publishes the Swedish krona rate every working day at around 17:00 Latvian time. The latest rate, the day it was published and the days it applies to invoices are shown at the top of this page.
How do I convert SEK to euro?
Divide the SEK amount by the ECB rate: EUR = SEK / rate. To go from euro to SEK, multiply the euro amount by the rate. Round only the final amount to the cent.
Which Swedish krona rate goes on an invoice?
The one in force at the start of the day of the transaction: the last SEK rate the ECB published before that day (Accounting Law, Section 7(3)). On a VAT invoice the VAT payable is stated in euro at this rate (VAT Law, Section 129(5)). The tool on this page finds it for any date.
Which Swedish krona rate applies at weekends?
The ECB does not publish on Saturdays, Sundays or TARGET closing days. The last published SEK rate stays in force, so transactions on Saturday, Sunday and Monday use the rate published on Friday.
Why does the ECB SEK rate differ from my bank's?
The ECB reference rate is one rate a day, published for information. A bank exchanges money at its own buying and selling rates. Bookkeeping and invoices use the ECB rate, and the gap between it and the amount actually paid is an exchange rate difference.

Invoices in foreign currency, with the right rate

Fakts looks up the ECB rate in force at the start of the invoice date and shows the amount in euro on the invoice, so you never copy a rate by hand.

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