Things May Be About to Change for This Year’s Worst-Performing Major Currency

Krona seen getting support from Swedish price data this week
Nordea says krona may rise toward 10.05 versus euro in a month

Swedish 500 kronor (SEK) notes are seen in this arranged photograph inside a currency exchange in Malmo, Sweden, on Tuesday, May 14, 2013. Sweden's krona sank after a report showed consumer prices declined more than most economists had predicted.Photographer: Linus Hook/Bloomberg

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By Love Liman

April 10, 2018 at 4:00 AM UTC

Updated on

April 10, 2018 at 11:14 AM UTC

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The krona is the worst-performing major currency this year. That may be about to change.

Sweden’s krona should recover from this month’s eight-year low of 10.35 per euro as factors that have weighed, such as weaker-than-forecast inflation, are either already priced in or will improve, according to SEB AB. The bank sees it appreciating to 9.80 per euro by the end of the year, while Nordea AB -- which along with SEB make up the two largest traders of the krona -- sees a potential strengthening toward 10.05 over the next month.