Swedish krona notes and coins sit in a cashier’s till.
Linus Hook | Bloomberg via Getty Images
Sweden’s currency, the krona or crown, has strengthened against the euro in the last three months, as the country went against the grain in its response to the coronavirus pandemic and kept much of its public and business life open.
As the rest of Europe went into lockdown, the Swedish krona weakened sharply against the euro, with one euro fetching 11.2025 SEK on March 18. Now, over three months on, the currency has strengthened and on Thursday, a euro fetched 10.4704 Swedish krona (SEK).
While most of the continent imposed widespread restrictions, Sweden took a more relaxed, albeit controversial, approach to the pandemic by allowing most schools, bars and restaurants to remain open, although it banned mass gatherings and visits to care homes.
Nonetheless, Sweden’s central bank introduced a quantitative easing (QE) program in an attempt to mitigate the economic impact of the Covid-19…