The Swedish krona hit a two-year high against the dollar on Wednesday and closed in on a 10-year peak against the euro as better than expected trade data boosted the currency.

“This suggests that the global recovery continues to support the Swedish economy, even as the problems in the eurozone periphery still seem far from resolved,” Valentin Marinov at Citigroup told Financial Times.

With record growth, healthy public finances, booming exports and a soaring krona, Sweden has easily skirted Europe's debt woes.

The Swedish economy will show strong growth this year and in 2012, after emerging relatively unscathed from the economic crisis, notably thanks to strong public finances, the OECD said last week. General Angel Gurria called the Swedish economy "as strong as Pippi Longstocking”, the legendary children literature's character created by the country's beloved Astrid Lindgren.

Last week Sweden cancelled the sale of four billion kronor (450 million euros, $600 million) worth of treasury bonds, blaming higher yields in the neighbouring eurozone for driving down interest in Swedish debt.

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