SEK/ZAR
Market Open
15 Jun, 10:28
R
1. 726677
+0.004971
+0.2887%
R
123,780 Volume
R 1.721705
Previous Close Want to track SEKZAR and more in your Portfolio? 🎯
Sign up for Marketlog, a portfolio tracker that will exceed your expectations!
SEKZAR Overview
SEKZAR denotes the exchange rate between the Swedish Krona and the South African Rand, expressing how many rand one Swedish krona will buy. As a direct quote of the base currency (SEK) against the quote currency (ZAR), it is used to price cross-border transactions and market positions involving these two currencies.
The Swedish Krona (SEK) is the official currency of Sweden and is issued by Sveriges Riksbank, the country’s central bank. It functions as the primary medium of exchange in Sweden and plays a central role in the nation’s monetary policy and financial system.
The South African Rand (ZAR) is the legal tender of South Africa and is managed by the South African Reserve Bank. The rand is closely linked to the country’s trade in commodities and is an important regional currency within sub-Saharan Africa.
Movements in the SEKZAR rate are driven by supply and demand dynamics, interest-rate differentials, inflation trends, and central bank actions from the Riksbank and the SARB. Broader factors such as commodity price shifts, capital flows, and global risk sentiment also influence volatility between the krona and the rand.
For market participants, SEKZAR is relevant for exporters and importers, portfolio managers hedging currency exposure, and traders seeking directional or carry opportunities between a developed-economy currency and an emerging-market currency.
The Swedish Krona (SEK) is the official currency of Sweden and is issued by Sveriges Riksbank, the country’s central bank. It functions as the primary medium of exchange in Sweden and plays a central role in the nation’s monetary policy and financial system.
The South African Rand (ZAR) is the legal tender of South Africa and is managed by the South African Reserve Bank. The rand is closely linked to the country’s trade in commodities and is an important regional currency within sub-Saharan Africa.
Movements in the SEKZAR rate are driven by supply and demand dynamics, interest-rate differentials, inflation trends, and central bank actions from the Riksbank and the SARB. Broader factors such as commodity price shifts, capital flows, and global risk sentiment also influence volatility between the krona and the rand.
For market participants, SEKZAR is relevant for exporters and importers, portfolio managers hedging currency exposure, and traders seeking directional or carry opportunities between a developed-economy currency and an emerging-market currency.
SEKZAR Chart
SEKZAR FAQ
What is the current SEK/ZAR price?
The current rate is R1.726677, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the SEK/ZAR rate changed today?
The rate has changed by +0.004971 (+0.2887%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was R1.721705, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is SEK/ZAR moving up or down?
Movements in SEK/ZAR are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+0.2887%) is based on the difference between the current rate and the previous closing rate.
Is SEK/ZAR trending up or down right now?
If the current rate (R1.726677) is above the previous close (R1.721705), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for SEK/ZAR directly on this page.
