06-23-2006

Watch out for the dollar!

According to five scandinavian banks the dollar (USD) will get weaker against the swedish crown (SEK) in the next 12 months. In the end of December 2005 a dollar costs about 8 swedish crowns, but now you get a dollar for as low as 7,22 crowns!

Bank 3 months 6 months 12 months
Danske Bank 7,08 6,79 6,79
Föreningssparbanken 6,97 6,88 6,74
Handelsbanken 7,05 6,80 7,00
Nordea 7,11 7,08 7,00
SEB 7,50 7,50 6,80

A cheaper dollar will simply mean that scandinavians will see their US investments decrease in value :(

Posted by bylla in Currency, Economics, English | RSS 2.0

One Response to “Watch out for the dollar!”
  1. Andreas Bylund â„¢ » Blog Archive » The USD is going down Says:

    [...] In “Watch out for the dollar!” on the 23rd of June this year I posted some outlooks from a few Swedsih banks. According to the 6 month forecast it looks like Nordea, Föreningssparbanken and Handelsbanken are most correct. If they continue to be correct about the dollar we should see a dollar at the same level as today in about 12 months. [...]

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