Don't look now, but the Swedish krona is on a bit of a tear.
For the past few months, the krona has been strengthening nicely against bigger currencies like the euro and the dollar.
But don't worry - if you've missed the ride, the strategists at HSBC say there is more to come.
The Swedish krona "appears to be in the midst of an upwards re-rating by the markets which could well see its strength continue and extend," they wrote in a note to clients.
Several short-term factors are boosting the krona, the strategists say. The euro zone crisis is pushing down the euro against a number of other currencies, and the latest interest rate cut by the European Central Bank has further widened the rate gap between Sweden and Europe in the krona's favor.
On top of that, the krona is usually sensitive to stock market moves, and recent European market strength is giving the currency a lift.