CADSEK (Canadian Dollar vs Swedish Krona). Exchange rate and online charts.
Currency converter
24 Mar 2025 19:01
(-0.01%)
Closing price, the previous day.
Opening price.
The highest price over the last trading day.
The lowest price over the last trading day
Price range high in the last week
Price range low in the last week
CAD/SEK is a cross currency pair, meaning it does not contain the US dollar but its price is affected by it. CAD/SEK is quite popular among forex traders.
Despite the fact that the pair does not include USD, it has a significant impact on the pair’s exchange rate. If we compare CAD/USD and USD/SEK charts, they can show us a possible movement of CAD/SEK.
Main features
Canada is one of the world’s leading exporters of crude oil. For that reason, any changes in global oil prices affect the Canadian dollar. There is a direct correlation between fluctuations in oil prices and the loonie’s exchange rate, which is also reflected in the price of CAD/SEK.
Sweden is one of the most developed economies in Europe, leaving its neighbors Denmark, Norway, and Finland far behind. The country boasts a strong economy owing to large mineral deposits and a well-developed mechanical engineering sector.
At the same time, Sweden relies heavily on exports. A decrease in export volumes could shatter the Swedish economy. Likewise, surging energy prices could affect the exchange rate of the Swedish krona.
Aspects of trading CAD/SEK
When trading CAD/SEK, it is important to remember that the spread for transactions in cross currency pairs is often higher than for more popular forex pairs. Therefore, traders should study carefully the broker’s trading conditions before entering the market.
To make an accurate forecast for the pair, it is crucial to monitor the current economic and political situation in both countries, as well as the United States. The key economic indicators are interest rate changes, GDP, and labor market data.
Above all else, CAD/SEK can react to any economic changes in the United States in a different way.
See Also
- Last week, the pair moved downward and tested the 14.6% retracement level at 1.2879 (red dashed line), closing the weekly candle at 1.2915. In the upcoming week, the price may continue moving upward.
Author: Stefan Doll
14:24 2025-03-24 UTC+2
1063
Wave analysis
Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, #Ethereum, #Litecoin – March 24th
In the coming days, GBP is expected to move sideways with a flat bias. Pressure on the lower boundary of the support zone is possible, followed by stabilization and the formation of reversal conditions.Author: Isabel Clark
12:21 2025-03-24 UTC+2
763
Technical analysis / Video analytics
Forex forecast 24/03/2025: EUR/USD, GBP/USD, USD/JPY, Gold and Bitcoin
Technical analysis of EUR/USD, GBP/USD, USD/JPY, Gold and Bitcoin.Author: Sebastian Seliga
15:34 2025-03-24 UTC+2
748
- The outcomes of the Bank of England and FOMC meetings contradicted each other.
Author: Samir Klishi
12:25 2025-03-24 UTC+2
733
Wave analysis
Weekly Forecast Based on Simplified Wave Analysis: EUR/USD, USD/JPY, GBP/JPY, USD/CAD, #Bitcoin, #Ripple – March 24th
A continuation of the overall sideways movement of the euro is expected in the coming week, fluctuating between the nearest opposing zones. A downward vector is more likely in the early days.Author: Isabel Clark
12:13 2025-03-24 UTC+2
718
The bulls attacked for two weeks, but now it's time for a pause.Author: Samir Klishi
13:55 2025-03-24 UTC+2
688
- Last week, the pair moved downward and tested the historical resistance level of 1.0948 (light blue dashed line), after which the price declined and closed the weekly candle at 1.0815. In the upcoming week, the price may continue moving upward.
Author: Stefan Doll
14:22 2025-03-24 UTC+2
643
USDJPY: Simple Trading Tips for Beginner Traders on March 24th (U.S. Session)Author: Jakub Novak
17:13 2025-03-24 UTC+2
628
Dow Transports down more than 17% from November high European stocks rise ahead of PMI surveys Consumer sentiment, inflation reports next weekAuthor: Thomas Frank
11:49 2025-03-24 UTC+2
613
- Last week, the pair moved downward and tested the 14.6% retracement level at 1.2879 (red dashed line), closing the weekly candle at 1.2915. In the upcoming week, the price may continue moving upward.
Author: Stefan Doll
14:24 2025-03-24 UTC+2
1063
- Wave analysis
Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, #Ethereum, #Litecoin – March 24th
In the coming days, GBP is expected to move sideways with a flat bias. Pressure on the lower boundary of the support zone is possible, followed by stabilization and the formation of reversal conditions.Author: Isabel Clark
12:21 2025-03-24 UTC+2
763
- Technical analysis / Video analytics
Forex forecast 24/03/2025: EUR/USD, GBP/USD, USD/JPY, Gold and Bitcoin
Technical analysis of EUR/USD, GBP/USD, USD/JPY, Gold and Bitcoin.Author: Sebastian Seliga
15:34 2025-03-24 UTC+2
748
- The outcomes of the Bank of England and FOMC meetings contradicted each other.
Author: Samir Klishi
12:25 2025-03-24 UTC+2
733
- Wave analysis
Weekly Forecast Based on Simplified Wave Analysis: EUR/USD, USD/JPY, GBP/JPY, USD/CAD, #Bitcoin, #Ripple – March 24th
A continuation of the overall sideways movement of the euro is expected in the coming week, fluctuating between the nearest opposing zones. A downward vector is more likely in the early days.Author: Isabel Clark
12:13 2025-03-24 UTC+2
718
- The bulls attacked for two weeks, but now it's time for a pause.
Author: Samir Klishi
13:55 2025-03-24 UTC+2
688
- Last week, the pair moved downward and tested the historical resistance level of 1.0948 (light blue dashed line), after which the price declined and closed the weekly candle at 1.0815. In the upcoming week, the price may continue moving upward.
Author: Stefan Doll
14:22 2025-03-24 UTC+2
643
- USDJPY: Simple Trading Tips for Beginner Traders on March 24th (U.S. Session)
Author: Jakub Novak
17:13 2025-03-24 UTC+2
628
- Dow Transports down more than 17% from November high European stocks rise ahead of PMI surveys Consumer sentiment, inflation reports next week
Author: Thomas Frank
11:49 2025-03-24 UTC+2
613
