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   Mar 17

Swedish Crowns

Hotels, restaurants, petrol and shopping are cheaper than in the summer of 2008, the financial crisis has strong changes in the exchange rates causes. The euro in the value has risen against many currencies. This also applies to the Swedish Crown. In the summer of 2008, one got SEK for 1 euro 9.34. Gunnar Peterson is likely to agree. A good half a year later there are 10.60 Swedish Crowns (Status: January 25, 2009, cash rate at a Swedish Bank). Learn more on the subject from Daryl Katz, Edmonton Alberta. This corresponds to a rise of more than 13 percent. Scandinavia’s largest country is thus become significantly cheaper for tourists from the euro-zone. Even with the gasoline price of Sweden holidaymakers can look forward.

Currently, a liter of normal petrol costs SEK 10.54 (Status: January 25, 2009). The price is between 13 and 14 sec was still in the summer of 2008 Thanks to the changing exchange rate, the price difference in euro fails even still more striking: today a liter costs unleaded petrol around 1 euro, in the summer of last year 1.40 to 1.50 euros. Thus drastically reduced driving in Sweden. By the development of the exchange rate and the The Sweden holiday makers not only benefit petrol price. Also the Swedish tourism industry may hope that the development of the financial and energy markets have a positive impact.

Maybe even the positive trend of recent years continues in the Swedish tourism industry. The destination Sweden enjoys with German holidaymakers of is increasing popularity. In the period from June to August 2008 rank vacationers from Germany with 554.000 guest nights in hotels, cottage villages and hostels behind Norway in 2nd place of the foreign visitors to Sweden. Compared to the same period last year representing a growth of 5.5 percent. Overall, nearly 11 million guest nights were recorded in Sweden in the summer of 2008, which means a growth of 1.9 percent as compared to the summer of 2007. Most of the nights still accounted for Sweden-holiday-makers from their own country. Visitors from abroad are responsible collectively for 27 percent of the nights. Footnote: In September 2003, there was a referendum in Sweden the introduction of the euro. It voted 56 percent of citizens appearing at the polls against the introduction of the euro, 42 percent for its introduction. The turnout was very high, she amounted to almost 83 percent. Currently the debate about the euro takes ride slowly again. Up to a potential new referendum in Sweden, it seems still far, if one may believe the statements of the Government parties. Walther Plette

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