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Facts about the 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.
FAQ
What does SEK mean in currency?
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Is SEK a good investment?
Swedish Krona Stats
Name
SEK
Symbol
kr
Minor unit
1/100 öre
Minor unit symbol
kr
Bank notes
20, 50, 100, 200, 500, 1000
Forex Investing
Swedish Krona Exchanges Rates
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