Wondering ”what currency do they use in Sweden” or how to handle money during your Nordic adventure? Sweden uses the Swedish krona (SEK), and understanding this currency is essential for any traveler. In 2025, Sweden remains at the forefront of cashless payment adoption, yet recent developments have brought interesting changes to how money is used in this Scandinavian nation. This comprehensive guide covers everything from current exchange rates to practical money tips for travelers.
The Swedish krona (plural: kronor) is Sweden’s official currency, abbreviated as SEK or symbolized as ”kr.” Unlike some of its European neighbors, Sweden has maintained its national currency despite being an EU member since 1995.
The krona has seen significant strengthening in recent months, making 2025 an excellent time for international visitors. According to Trading Economics, the Swedish krona has gained over 8% against major currencies since late 2024.
You can check real-time rates using the XE Currency Converter.
Swedish currency comes in the following denominations:
Swedish banknotes feature cultural icons like Astrid Lindgren (author of Pippi Longstocking) and Greta Garbo. While öre coins (1/100 of a krona) were phased out in 2010, prices may still be quoted with öre in digital transactions.
Download a currency converter app before your trip to quickly check prices in your home currency. XE Currency or Wise are excellent options.
Sweden continues to lead the world in digital payment adoption, with over 85% of transactions being cashless. However, recent years have seen an interesting shift in approach.
Interestingly, the Swedish Central Bank (Riksbank) has recently advocated for maintaining some cash in the economy for resilience and inclusivity. According to Riksbank statements, this balancing approach ensures that all citizens can participate in the economy.
While cards are king in Sweden, carrying a small amount of cash (500-1000 SEK) is recommended for:
According to currency experts, Sweden’s strengthening krona has made 2025 a good year for foreign visitors, with better value for currency exchange than in previous years.
Avoid currency exchange at airports or hotels where rates can be 5-10% worse than city-center options. Also, be wary of Dynamic Currency Conversion (DCC) – always choose to be charged in SEK rather than your home currency.
Financial analysts at ING Think suggest the krona will likely continue its strengthening trend through 2025, making advance planning beneficial for travelers.
Sweden has a reputation for being expensive, but understanding typical costs can help you budget effectively:
| Expense | Approximate Cost (SEK) | USD Equivalent |
|---|---|---|
| Budget meal | 100-150 SEK | $10-16 |
| Mid-range restaurant meal | 200-350 SEK | $21-37 |
| Coffee | 35-50 SEK | $4-5 |
| Public transport (single ticket) | 38-45 SEK | $4-5 |
| Budget hotel (per night) | 800-1200 SEK | $84-126 |
According to Tavex analysis, the stronger krona in 2025 means visitors can expect costs to be slightly higher than in previous years, but many find the quality of services justifies the prices.
Understanding Swedish tipping culture helps avoid awkward situations:
Recent surveys from The Local indicate that Swedes themselves rarely tip more than 5%, so don’t feel obligated to tip as you might in North America.
While Sweden is an EU member, it does not use the euro. Some tourist-oriented businesses might accept euros at their discretion, but often at poor exchange rates. Unlike Financial Times reports show, Scandinavian countries (except Finland) maintain their own currencies.
The Swedish krona (SEK) is the only official currency. Credit/debit cards are widely accepted, with Visa and Mastercard being the most universally recognized.
While Sweden is highly cashless, having a small amount of cash (500-1000 SEK) is recommended, especially when traveling outside major cities or visiting markets. According to Sweden Herald, even as digital payments dominate, cash remains useful in certain scenarios.
ATMs (Bankomats) offer the best rates, followed by exchange offices like Forex or X-change. Banks also offer exchange services but may require an account. Airport exchanges typically offer the least favorable rates.
The Swedish krona (SEK) is the best currency to use. While some places might accept euros or US dollars, you’ll generally receive poor exchange rates. Using a no-foreign-transaction-fee credit card is often the most economical approach.
Yes, the Swedish krona has strengthened significantly in 2025, according to currency forecasts and market analyses, making it a favorable time for Swedish travelers abroad but slightly more expensive for visitors to Sweden.
No. While Sweden, Denmark, and Norway all use currencies called ”krona/krone,” they are separate currencies with different values. Finland uses the euro.
Nearly everywhere. Sweden has one of the highest rates of card acceptance globally. However, some small rural businesses or markets might be cash-only, and American Express is less widely accepted than Visa or Mastercard.
By understanding Swedish currency and payment practices, you’ll be well-prepared to enjoy everything this beautiful Nordic country has to offer. From the historic streets of Stockholm to the northern lights of Lapland, managing your money effectively will help ensure a smooth and enjoyable Swedish adventure.
