SEK – Swedish Krona

Sign – kr / Code – SEK

Long before our corporate currency exchange brokers were helping our clients with their Swedish Krona transfers, the Swedish Krona was creating its own rich history.

About the Swedish Krona

The Krona replaced the Riksdaler in 1845 after Sweden joined the Scandinavian Monetary Union and adopted the Krone.  Although 1914 saw the dissolution of the Union, Sweden decided to continue using the currency.

All öre coins (Sweden’s subunit) have been discontinued as of September 2010.

Sweden was meant to adopt the Euro as stipulated by the 1995 accession treaty. However, Sweden has taken advantage of a formal loophole in the treaty and stayed outside of the Eurozone as Euro adoption is almost universally disliked by the public; as of 2014, only 9% of the population is in favour of the single currency.

The Swedish Krona is the 11th most traded currency in the world. 

Denominations

Subunit: Öre – 1/100

Coins: 1 kr, 5 kr, 10 kr

Banknotes: 20 kr, 50 kr, 100 kr, 500 kr

Inflation: -0.6%

Bank: Sveriges Riksbank