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- Currency Encyclopedia
- Swedish Krona
SEK - Swedish Krona
SEK, short for Swedish Krona, is the official currency of Sweden. Sometimes it can be called the Swedish crown since this is how krona is translated into English. SEK is subdivided into 100 öre and is presented with the “kr” symbol. Since 1992 it is considered a floating currency that is regulated by the Swedish central bank. When it comes to SEK fluctuations on the market, it’s strongly related to Danish Krone (DKK) and Norwegian Krone (NOK). Thus they tend to move in the same direction. Although Sweden joined the EU in 1994, it hasn’t adopted the euro (EUR), moreover, it isn’t going to do it shortly.
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