Home > Swedish Krona
This article is about the Swedish unit of currency. See below for a list of similarly named currencies of other countries. Krona is also the name of a DC Comics alien villain.
Krona is the name of the currency used in Sweden. The plural form is kronor and one krona is divided into 100 öre , singular and plural. The ISO 4217 code is SEK. Abbreviated "kr".
The introduction of the krona, which replaced the riksdaler as the country's legal tenderLegal Tender is payment that cannot be refused in settlement of a debt. Legal tender is a concept that is frequently misunderstood: this is often a result of differing legal definitions in different jurisdictions. Cheques, credit cards, debit cards and si, was a result of the Scandinavian Monetary UnionThe Scandinavian Monetary Union or Skandinaviska myntunionen in Swedish and Skandinaviske montunion in Danish, was formed by Sweden and Denmark on May 5, 1873 by fixing their currencies against gold at par to each other. Norway, which was in union with Sw, which came into effect in 1873Events The United Kingdom declares war against Ghana's King Kofi KariKari, who was involved in the trading of slaves. The war ended by July and the British established the Gold Coast Colony. January 17 Indian Wars: First Battle of the Stronghold during th and lasted until the First World WarWorld War I (also known as the First World War , the Great War the War of the Nations and the "War to End All Wars") was a world conflict occurring from 1914 to 1918. No previous conflict had mobilized so many soldiers, or involved so many in the field of. The parties to the union were the ScandinaviaScandinavia is the cultural and historic region of the Scandinavian Peninsula. The Scandinavian countries are Norway, Sweden and Denmark, which mutually recognize each other as parts of Scandinavia. The collective label "Scandinavia" reflects the culturaln countries, where the name was krona in Sweden and krone in DenmarkKongeriget Danmark ( In Detail) Motto of the Queen: Guds hjaelp, Folkets kaerlighed, Danmarks styrke (English: God's help, the love of the people, Denmark's strength) Official language Danish Capital Copenhagen Kobenhavn Monarch Margrethe II Prime Ministe and NorwayThe Kingdom of Norway is a Nordic country west of Sweden on the Scandinavian Peninsula. It has a very elongated form and has an extensive coastline along the North Atlantic Ocean, where Norway's famous fjords are found. In addition to Sweden, it borders R, which in English literally means crown. After dissolution of the monetary union Sweden, Denmark and Norway all decided to keep the name of their respective and now separate currencies.
By tradition the one-krona coins carry the effigy of current monarch and one of the Coats of Arms of Sweden, or a crown, on the reverse side. The royal motto of the monarch is also inscribed on the coin.
1 Exchange rate
The exchange rate of the Swedish krona against other currencies has historically been dependent on the monetary policy pursued by Sweden at the time. Since November 1992 a managed float regime has been upheld. On October 17, 2003, the exchange rate was 7.7295 against the United States dollar, 8.9850 against the euro and 12.915 against the British pound.
