Sweden, officially known as Kingdom of Sweden is a country in Northern Europe. Sweden is the seventh richest country in the world in terms GDP per capita. In year 2015, Sweden received foreign remittances worth $ 3.26 billion. Spain, Norway and the United States are the top senders.
Currency of Sweden is Swedish Krona (SEK). However, remittances to Sweden can be set in USD and EUR too. There are multiple money transfer services to send money to Sweden. One must compare these to get the best value for money transfer to Sweden. A unified search and compare platform for international money transfer like ExchangeRateIQ can be used.
It will help you compare money transfer services in terms of Exchange rate, fees, transfer time and discount offers. You can also check reviews of remittance providers. This will help you save time and money while you can make a better decision in choosing remittance provider to send money to Sweden.
Current Exchange Rate(Mid Market) :- 8.8726 SEK/USD
is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
- Selling exchange rate - at which sellers are willing to sell a particular currency and
- Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.