CAD vs SEK
🇸🇪1 CAD = 6.89 SEK
Rates as of 2026-07-22 · Source: European Central Bank
Quick Stats
Historical Comparison
CAD / SEK| Period | Then | Now | Change | Trend |
|---|---|---|---|---|
Source: European Central Bank via Frankfurter API
About CAD / SEK
🇨🇦 CAD — Canadian Dollar
The Canadian Dollar, often called the 'Loonie' after the loon bird on the one-dollar coin, is the fifth most held reserve currency in the world. It is closely tied to commodity prices, especially oil.
🇸🇪 SEK — Swedish Krona
The Swedish Krona is the official currency of Sweden. Despite being an EU member, Sweden has chosen to keep its own currency rather than adopt the Euro.
Key Factors Affecting CAD/SEK
🇨🇦 CAD Drivers
- Crude oil and commodity prices
- Bank of Canada interest rate decisions
- US-Canada trade relations and USMCA
- Canadian housing market and employment data
🇸🇪 SEK Drivers
- Riksbank (Swedish central bank) interest rates
- Swedish export performance and trade balance
- EU economic conditions and EUR/SEK dynamics
- Nordic regional economic trends
💡 Did You Know? — CAD
Canada's one-dollar coin features a common loon, which is why the Canadian dollar is nicknamed the 'Loonie.'
💡 Did You Know? — SEK
The Riksbank, Sweden's central bank, is the world's oldest central bank, established in 1668.
Economy Overview
🇨🇦 Canada
Canada has a resource-rich economy with significant exports of crude oil, natural gas, and minerals. The Bank of Canada sets monetary policy independently from the US despite close economic ties.
🇸🇪 Sweden
Sweden has a highly developed export-oriented economy, known for innovation, technology companies, and a strong welfare state. Major exports include machinery, vehicles, and telecommunications equipment.