As an electro-magnetic wave travels through the different parts of the antenna system (radio, feed line, antenna, free space) it may encounter differences in impedance (E/H, V/I, etc.). At each interface, depending on the impedance match, some fraction of the wave's energy will reflect back to the source, forming a standing wave in the feed line. The ratio of maximum power to minimum power in the wave can be measured and is called the standing wave ratio (SWR). A SWR of 1:1 is ideal. A SWR of 1.5:1 is considered to be marginally acceptable in low power applications where power loss is more critical, although an SWR as high as 6:1 may still be usable with the right equipment. Minimizing impedance differences at each interface (impedance matching) will reduce SWR and maximize power transfer through each part of the antenna system.
What isn't ideal, but functional?
A SWR of 1.5:1