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SEK Exchange Rate Calculator
Exchange rates calculator, this free to use calculator gives up-to-date exchange rates for the Swedish Krona (SEK) against most of the worlds major currencies. Get live exchange rates and keep up-to-date with the latest currency conversions.
About the Swedish Krona (SEK):
The krona is the official currency of Sweden. It is also used in the Aland Islands together with the euro. It is abbreviated as kr, and in the plural, the currency is kronor. Krona translates to "crown" and the currency is often referred to as Swedish crowns by the British and some other English-speaking nations. The krona is a decimal currency with one krona being divided into 100 ore. However, Sweden ended production of the last ore coin, the 50 ore, in 2009. As of October 2010, all ore coins are devalued as currency and no longer legal tender, but ore still exist and are valid as electronic payments. Krona coins are currently produced in denominations of 1 krona, 5 kronor, and 10 kronor. All coins bear the royal motto of the monarch of Sweden. Banknotes issued in Sweden include the 20 kronor, 50 kronor, 100 kronor, 500 kronor, and 1000 kronor.
The krona was first introduced in 1873 as part of the Scandinavian Monetary Union with Denmark and Norway. The krona was originally based on a gold standard. After the union dissolved, each country kept the name krona for their new nation-specific monetary system. The exchange rate of Swedish krona is traditionally dependant on the country's own monetary policy, but since 1992, a managed float system has been kept in place. Since the introduction of the euro, the krona has remained relatively stable with only a slight drop in 2008 and early 2009, whereupon it again appreciated.
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