Swedish krona (SEK) to Pakistani rupee (PKR)

• SEK

Swedish krona and the official PKR rate

The Swedish krona (SEK) is the currency of Sweden. Sweden is in the European Union but does not use the euro, so the krona floats on its own.

The card above shows official State Bank of Pakistan (SBP) data: SBP's mark-to-market ("ready") rate for the krona and other currencies in rupees per unit, with the SBP date and a link to the SBP page. It also shows SBP's weighted average customer exchange rate for the US dollar (bid and offer), a trend line for major currencies against PKR and a converter that includes PKR. Banks and exchange offices quote their own buy and sell rates. For rupee amounts, use the converter in the rates card above. The converter below works on ECB euro reference rates and does not include PKR.

How to read the result:

• Source. The rates card uses SBP's mark-to-market rates, which SBP issues every working day for authorised dealers to revalue their books. The converter below uses ECB (European Central Bank) euro reference rates for cross rates between the currencies the ECB covers, without PKR. These are official reference prices, not trading quotes.
• Date. Each rate belongs to a reference date. On weekends and public holidays no new rate is published, so the page shows the last working day's date. The card refreshes by itself when SBP publishes.
• Cross rate. There is little direct trading between the krona and the rupee. SEK/PKR is usually a cross rate. It is calculated from each currency's rate against a common currency, such as the euro or the US dollar.

For the rupee's own official rates, see SBP exchange rates and the US dollar to PKR page.

Why your bank or exchange office gives a different rate

A reference rate is a benchmark. It is not a price at which you can buy or sell kronor. The rate you actually get will differ for several reasons:

• Buy/sell spread. Banks and exchange companies quote a lower rate when they buy SEK from you and a higher rate when they sell it to you. The gap between the two is their margin.
• Thin demand in Pakistan. The krona is not a common cash currency in Pakistan. Exchange offices may hold few banknotes and price them wide, or not offer SEK at all.
• Timing. A reference rate is fixed at one moment of the day. Market prices keep moving after that.
• Fees on transfers. Money sent from Sweden to Pakistan can carry a transfer fee, an intermediary bank charge and a conversion margin. Compare the total rupee amount received, not only the quoted rate.

Before a real transaction, ask the bank or money transfer service for its final rate and all charges.

What moves the SEK

Riksbank policy

The Riksbank is Sweden's central bank. It sets the policy rate and targets inflation.

• Higher Swedish rates, or a signal that rates will rise, tend to support the krona.
• Rate cuts or a softer outlook tend to weigh on it.
• The rate difference matters most: Riksbank policy compared with the ECB and the US Federal Reserve.

Trade and capital flows

Sweden is a small, open, export-heavy economy. Its exports include industrial machinery, vehicles, telecom equipment, timber and metals.

• Global demand. When world demand for industrial goods slows, the krona often weakens.
• Risk sentiment. In periods of global stress, investors tend to move into larger "safe" currencies. The krona usually loses ground in these periods and recovers when markets calm.
• Investment abroad. Swedish pension funds and companies invest heavily outside Sweden. How much of that foreign exposure they hedge back into kronor can shift demand for the currency.
• Euro area link. Much of Sweden's trade is with the euro area, so EUR/SEK is the krona's main market pair. Euro-area news often moves it.

The rupee side

SEK to PKR also depends on the rupee. Pakistan's interest rates, inflation, reserves and its US dollar rate all feed into the cross rate. The latest State Bank of Pakistan policy decision on record is: SBP policy rate raised by 50 bps to 12% with effect from 27.10.2026 (MPC). More on this at SBP rates and economy.

Sweden and Pakistan: where the krona matters

• Remittances. Pakistanis living and working in Sweden send money home. The amount a family receives depends on the SEK rate and the transfer cost.
• Students. Pakistani students at Swedish universities pay tuition and living costs in kronor. A weaker rupee raises their costs in PKR terms.
• Trade. Pakistan imports Swedish industrial and telecom equipment, and some Pakistani goods are sold in Sweden. Importers and exporters price contracts in SEK, EUR or USD.
• Travel. Visitors to Sweden need kronor or a card. Card payments often work, but check your bank's foreign transaction charges.

Trading the krona

The krona trades on forex markets mainly as EUR/SEK and USD/SEK. These are less liquid than the major pairs, so spreads are often wider and price moves can be sharp. Leveraged forex and CFD trading can lose money fast, including more than you planned to risk. Before you look at any pair, read Currency pairs, Risk management and Law and regulators. Other currencies are listed on the Exchange rates page, including the Norwegian krone, Danish krone and euro.

Frequent questions

Where can I find the official SEK to PKR rate?

State Bank of Pakistan (SBP) publishes the official PKR rate, and the card links to it. The card above shows SBP's mark-to-market rate for the krona in rupees, with the SBP date and a link to the SBP page. They are benchmarks, not a bank's buy or sell price.

Why does the rate not change on weekends?

Reference rates are published only on working days. On weekends and holidays the page keeps the last official date.

Can I convert PKR to SEK as well?

Yes. The converter in the rates card above includes PKR, so you can convert rupees to kronor or kronor to rupees. The separate converter lower on the page uses ECB euro reference rates and has no PKR. Banks, exchange companies and remittance apps quote their own rates and fees.

Why is the exchange office rate worse than this one?

Exchange offices add a buy/sell margin. For a less common currency like the krona, that margin is often wider. Transfer services may also add fees.

Where does the rate come from?

The rates card uses State Bank of Pakistan (SBP) mark-to-market rates. The US dollar rate is a weighted average of closing interbank rates collected through brokerage houses, and the krona rate comes from the same SBP file. The converter lower on the page uses ECB euro reference rates and has no PKR.

Does Sweden use the euro?

No. Sweden keeps its own currency, the krona, and the Riksbank sets its monetary policy.