What is the currency exchange rate for $ 1 USD/SEK?
It’s helpful to get to know the live USD/SEK rate so you can easily calculate how much things are costing you while you’re on your trip abroad.The rate you need to focus on is the mid market rate, which is the one banks and major currency services get when buying and selling currencies. This rate isn’t always passed on to customers. Instead you may find that the USD/SEK rate you get when exchanging travel cash includes a markup - an extra fee.
Find the USD/SEK mid-market rate from a currency conversion site or a website like this, so you can keep an eye on the market and compare the rates you’re offered as you travel against the mid-market rate easily. Right now, the mid-market rate for 1 US Dollar to SEK is 0.8988.
Should I exchange USD to SEK before traveling to Sweden?
Because Sweden sees many tourists from the US every year you might find you’re better off if you exchange your currency when you get to Sweden rather than worrying about getting your cash sorted out before you leave.
Get familiar with the exchange rates offered locally to you, and online, so you can decide whether it’s worth switching some funds in advance of travel, using a card to pay while you’re away, or converting cash on arrival. Both in the US and in Sweden, steer clear of exchanging currency at the airport. A captive market means that USD/SEK rates are often worse in the airport than in city centers.
Tips for exchanging money in Sweden
There’s a good network of ATMs across Sweden, and card payments are also widely accepted. Always pay in USD to avoid sneaky extra dynamic currency conversion costs and to make sure your money goes further.
2)Avoid using exchange providers at airports or hotels in Sweden as they usually offer pretty poor exchange rates because they have a captive market and little competition nearby
3)Today’s mid market exchange rate for USD/SEK is 0.8988 - look for this or as close as possible to it when you exchange your travel money
4)Use a travel debit card like the Wise card while you’re in Sweden for fast and cheap conversion between currencies and easy ways to manage your money from your phone
Best place to exchange currency in Sweden
You can get your SEK in Sweden in a couple of ways.
You’ll be able to use a travel debit card from a provider like Wise to make convenient payments and cash withdrawals and to convert funds online.
Or if you prefer an offline solution you can carry some cash in USD to exchange when you arrive. Currency exchange providers are often in airports and hotels, although the exchange shops in a city center are likely to be cheaper overall.
How to pay in Sweden?
You’ll need to have SEK to spend in Sweden. However, generally having a few different payment methods is a good plan. That means that if a merchant won't accept one, you’ve got a back up. It’s also reassuring to know you have a different way to pay if you were unlucky enough to have a card or some travel cash stolen. Here are your key payment options in Sweden.
1. Debit or credit card
Card payments can be helpful in shops, restaurants and hotels but there will be places where cash is also important. Order a travel card from a provider like Wise for cheap and fast transactions, including card payments and cash withdrawals as and when you need travel money in SEK.
2. SEK cash
Cash is widely used in Sweden, so it’s worth having some with you at all times. You may want to exchange money to SEK before you leave, but it’s also usually convenient to make ATM withdrawals locally once you arrive in Sweden.
You’ll usually find you can use a card to make payments in Sweden, but carrying some cash in SEK is also reassuring. It’s often easier for tipping and making smaller purchases, plus you’ve got a nice backup if your card is ever out of action for some reason.
It’s a smart idea to have both a card and some cash in SEK when you’re in Sweden. Some merchants will prefer cash, but having a card for higher value payments and in busier more tourist places is also convenient. Consider using a travel card from a provider like Wise or Revolut alongside your cash for flexibility.
Paying for the trip in USD
If you’re paying for things in Sweden with a USD bank card you might find a foreign transaction fee is added. This pushes up your costs when you spend in a foreign currency, and can be tricky to calculate.
Travel debit cards don’t always work this way. When you make purchases in Sweden using the Wise card you can either choose to convert your account balance to SEK in advance in the Wise app, or just leave your balance in USD and let the card handle the transaction when you pay. You’ll always get the lowest available fee and there are no extra foreign transaction charges.
Conclusion - Currency in Sweden
You won’t be able to pay in USD when you visit Sweden - so learning about the currency you need is essential. Whether you decide to use a travel debit card from a service like Wise , or stock up on SEK in cash in advance, knowing the mid-market exchange rate can help you get the best available deal. Use this guide to learn all you need to know about the options, rates and fees for exchanging USD to SEK, and make your money go further while you’re away.
The official currency in Sweden is SEK. You can’t usually pay in USD in Sweden, so you’ll need to plan in advance to get your travel money sorted. Consider ordering a travel debit card from a service like Wise, for low cost conversions to SEK and convenient spending and withdrawals - and remember that knowing the USD to SEK mid-market exchange rate is essential to check you’re getting a fair deal on currency exchange.
FAQ - Currency in Sweden
What is the currency in Sweden called?
The official currency in Sweden is the Swedish Krona. You may also see the code SEK and the currency symbol kr.
What's the currency in Stockholm?
The official currency in Stockholm is the Swedish Krona. You’ll only be able to spend in SEK while you’re there.
What is the old Sweden currency?
Today the currency in Sweden is the Swedish Krona. If you’re worried about currencies changing, why not get a travel debit card from a service like Wise which will automatically pick the currency needed in your destination when making a payment - with no penalties or inflated fees.
What is the best currency to take to Sweden?
You’ll only be able to spend in SEK while you’re in Sweden. Carrying some money in cash and using a travel debit card from a service like Wise is usually the best way to spend while you’re away from home.
