The visit to the exchange office before traveling abroad can be a disappointment. According to the International Monetary Fund is namely the Swedish krona is undervalued by up to 12 percent compared with other currencies.
SEB believes that the crown can be even more undervalued:
– our own models indicate that we have an underestimation of up 10 to 15 percent, says Rickard Falkenhäll, currency strategist at the Bank, to Swedish Radio.
Against the Japanese yen, the krona is undervalued by as much as 35 percent, against the US dollar by 20 percent, according to SEB who foresee a strengthening of the krona until next year. Behind the depressed crown is the Riksbank that want to reach the target of two percent inflation.
But there are also winners in context:
– The winner is of course the Swedish export industry, it will be cheaper to produce, says Rickard Falkenhäll.
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