EUR to SEK

Who needs to change euros into Swedish krona?

Because Sweden is part of the EU but keeps its own currency, a lot of people still need to send EUR to SEK every month, in both directions. You might see a Finnish student studying in Stockholm, living off support sent in euros; or a Dutch family making a down payment on a Småland holiday cottage from an account in Amsterdam. Swedes working abroad, like in Germany or Spain, often send back some of their euro earnings to keep up with mortgage or car payments back home.

Firms play a big part here as well. Sweden’s manufacturers sell heavily to eurozone markets, which means those invoices often get paid in euros, then exchanged for kronor to take care of payroll or supplier bills. Small transfers come from contract workers, webshops, and students on exchange programs.

There are also people regularly paid in euros who spend that money in Sweden itself, a consultant serving clients in Berlin, maybe, or someone running a store on a European marketplace whose sales arrive in euros but whose household outgoings are in SEK. If you’re in that position, the exchange adds up across the year, even if the rate only moves a little each month.

Two different currencies (and why it matters)

The European Central Bank handles the euro. The Swedish krona (SEK) is under the Riksbank, and since November 1992 it's floated freely, no fixed rate any longer. Sweden signed up to the EU in 1995, but a 2003 referendum blocked the euro. That single decision is why you’re still comparing EUR and SEK at all.

The krona's not a major reserve currency, so it tends to lose ground when global investors turn careful, and recovers when they're ready to take more risk. Decisions around interest rates, both in Sweden and the euro area, as well as how export businesses are doing, all feed into those swings. Over the last twelve months, EUR/SEK changed by +0.43%, ranging from a low of 10.5195 to a high of 11.3358. Those swings mean the rate you see today isn’t guaranteed for any payment you expect to make three months from now.

How money gets to Sweden

Swedish bank accounts use that long 24-character IBAN, so it’s straightforward to send euros inside SEPA. But here’s what often trips people up: the account almost always runs in kronor, not euros. If you send euros, the Swedish bank will likely convert them at a rate of its choosing, and that’s rarely given to you up front. If you pay directly in SEK with a transfer service, you can see the rate and charge before you commit. Either way, make sure the sender has the precise IBAN and the account name as it appears at the bank. Swedish banks are strict, details that don’t line up exactly can mean the payment’s rejected.

Inside the country, most people will use Swish to pay each other, and companies typically go with bankgiro numbers. Neither lets you send money in from outside Sweden, but your recipient will likely spend what arrives using these tools. Our guide on SWIFT versus SEPA breaks down why it’s usually cheap to send euros, but the currency exchange itself is where the hidden cost sits. For fast euro payments within the area, see SEPA instant transfers.

Checking which provider is best for your sum

Don’t focus only on the transfer fee. Watch what falls into your recipient’s hands: the end amount in kronor. For example, on 1,000 euros, the mid-market result is 10,985.80 SEK, but the most competitive provider right now promises 10,931.94 SEK. That gap between those figures is what you really pay in charges and hidden margin.

Two benchmarks can help. Wise delivers 10,931.94 SEK for 1,000 euros, while Revolut pays out 10,930.87 SEK, with Revolut’s total cost at 0.50%. Don’t just accept your bank’s rate, there’s extra markup inside the conversion, which our guide, bank exchange rate markup, explains in depth. The leading option changes depending on the amount, so enter your actual sum in the table before you settle on a provider.

When timing and size matter

Sending money for a rental deposit or the next month’s rent is pretty direct. Bigger transfers, like paying for property or settling up with a Swedish supplier, call for a bit more ground work. The krona often shifts noticeably in value over several months, on large sums, that’s significant.

If you need certainty, locking in the rate with a forward contract (explained at FX forward contracts) often makes sense. Or, you could use a limit order if you prefer to hold out for a better rate; it tends to work best if you know exactly when you’ll need to pay. Swedish holiday dates matter, too. The banks shut on Midsummer Eve, plus the usual public holidays, so if you have a strict deadline near those times, send early. Curious about converting SEK back into euros? See SEK → EUR, or read more on Swedish Krona. For how all these figures are calculated, see How we compare.