Today Swedish Krona Rate In Pakistan
The exchange rate between the Swedish krona (SEK) and the Pakistani rupee (PKR) is a key indicator for Pakistanis working, traveling, or doing business in Sweden. As of today, 1 SEK is equal to approximately â¨29.46 PKR, according to midmarket rates from reputable platforms like Wise and XE. Understanding this rate is important for budgeting, remittances, and forecasting expenses, as even small fluctuations can have noticeable effects when converted at scale.
Current SEK to PKR Exchange Rate
At present, the interbank or midmarket rate stands at around â¨29.46 per Swedish krona. Wise reports 1 SEK = â¨29.4642 , . , .
Recent Rate Fluctuations
Over the past 30 days, the SEKâPKR rate has varied between â¨29.28 and â¨30.15, with an average of â¨29.72.
Intraday Drift
Trading data from exchangrates.org.uk shows today’s intraday movement ranged from a low of â¨29.18 to a high of â¨29.53. .
Key Factors Influencing the Rate
The SEK/PKR pair is influenced by a mix of global and domestic factors:
- USD Peg Effect: The Swedish krona floats in global markets, while the Qatari Riyal is pegged to USD. Movement in USD/PKR tends to influence SEK/PKR indirectly.
- Economic Performance: Sweden’s inflation target (around 2.9%) .
- Remittances and Trade: While SwedenPakistan trade flows are modest, expatriate transfers and services trade play a role. Demand for PKR affects its strength.
- Global Sentiment: Emerging market sentiment, central bank actions, and commodity prices also impact PKR volatility, influencing the SEK/PKR rate.
Who Is Affected?
Pakistani Expatriates in Sweden
For Pakistanis working in Sweden, the exchange rate determines how much value is received when remitting funds home. At â¨29.46 per SEK, transferring 10 000 SEK yields around â¨294 600 a significant amount for families.
Investigators and Travelers
Visitors to Sweden must consider daily expenses, housing, and services priced in SEK. A stronger rupee relative to SEK makes travel more affordable. Conversely, weaker PKR increases costs.
Business and Education
Students paying tuition or families covering educational costs abroad may see expenses fluctuate. Businesses engaged in consultancy or exports must account for currency changes when invoicing Swedish clients.
How to Track and Secure the Best Rate
To maximize remittance or minimize spending, consider the following:
- Use reputable sources like Wise, XE, or ExchangeRates.org.uk for real midmarket rates.
- Avoid airport or hotel currency exchange, which often have steep markups.
- Set alerts on finance apps to catch favorable movements.
- Compare multiple services including banks, exchangers, and digital platforms for best total cost even after fees.
Rate Comparison by Service Providers
- Wise: Midmarket â¨29.4642.
- XE: Midmarket â¨29.46.
- Western Union: â¨29.19 (includes service fee).
- OFX: â¨29.01 (interbank).
- Ria Money Transfer: â¨29.18.
- Coinbase (crypto platform): â¨29.48.
For large transfers, the difference of even â¨0.30 per SEK matters over 10 000 SEK, that’s â¨3 000 difference.
Historical Context
Looking deeper, OFX data shows that 1 SEK traded at â¨29.65 in midJuly 2025, up from â¨25.13 in January 2025 an increase of roughly 18%.
Yearonyear, the SEK/PKR rate rose from about â¨26.25 in July 2024 to â¨29.45 now a ~12% rise.
Impact of Pakistan’s Economic Recovery
Pakistan’s easing inflation down from high levels to about 1.5% in early 2025
Outlook and Forecast
Trends suggest that SEK may stay strong near â¨29â¨30 as long as PKR remains under pressure. Any improvement in Pakistan’s economy, rising foreign inflows, or remittances could strengthen PKR and shift rates lower.
On the other side, if Sweden faces inflationary pressures or its central bank tightens policy sharply (as CPI is around 2.9%) , SEK could gain further. Unexpected shifts in USD exchange trends would also reflect in SEK/PKR.
Practical Advice
- Remittances: Send funds in installments when midmarket rates improve; avoid highmarkup services.
- Budgeting: Use current rate (~â¨29.46) to estimate costs for travel, education, or business.
- Hedging: For large payments, consider forward contracts via forex specialists to lock in rates.
Today’s Swedish krona to Pakistani rupee rate of approximately â¨29.46 reflects modest recent volatility, but a steady upward trend fueled by Pakistan’s currency challenges. Small daily swings may seem minor, but over bulk transfers or frequent transactions, they matter. By using reliable midmarket sources, comparing providers, and timing transfers wisely, individuals and businesses can minimize losses and enhance value. As Pakistan’s economic recovery continues, monitoring key financial indicators and Sweden’s currency movements will be essential in managing financial decisions involving SEK to PKR conversions.