Weak Swedish krona boosts spending budget for foreign tourists

3:10 min

Over the past few months, the Swedish krona has fallen to record lows against other major currencies.

According to recent statistics from the Swedish bank SEB, a decrease in industrial production over the last four months is the cause, which may also signal that Sweden could be heading for a recession.

But the falling krona could mean foreign tourists will see their travel budget stretch further when they come to Sweden.

Radio Sweden spoke to Karl Steiner, SEB's Chief Quantitative Foreign Exchange Strategist, tourists and shop owners to find out how this will affect people on holiday in the summer months.

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