Are you interested in the current exchange rates and the price of the Swedish krona? Stay up to date at all times! Below we present the current quotes of the Swedish krona in our online exchange.
According to the ISO 4217 standard, the Swedish krona is marked with the identifier SEK, and the term "öre" can also be encountered in cashless settlements. It refers to hundredths of a crown, which before 2010 used to come in coins.
The Swedish currency, commonly called bagis, pix, riksdaler and spänn, is encountered less and less frequently in coins and banknotes. wedes highly value electronic payments -– so much so that until recently it was believed that Sweden would become the first cashless economy in the world.
It is also interesting to note that in Sweden the euro currency is quite widely accepted, despite the fact that in 2003, during a national referendum, citizens rejected the possibility of adopting it by a majority of votes. However, the SEK exchange rate is still more important for visitors to Sweden and those who do business with the country Due to tourist trips and seasonal work undertaken in Sweden by Poles, the SEK PLN pair is quite popular.
The obverse of all coins, except for the SEK 5, features the profile of the Swedish monarch, Carl XVI Gustaf. Banknotes of the Swedish krona feature portraits of famous artists of Swedish descent and the image of the UN Secretary General Dag Hammarskjöd (SEK 1000). Their reverses are adorned with the landscapes of Swedish regions.
The Swedish krona came into circulation only in the 19th century, but the history of this currency was significantly influenced by events dating back to the beginning of the 17th century. Equally long is the tradition of banking in Sweden, because in order to secure the value of money in 1656, during the reign of King Charles X Gustav, the first Swedish bank, Stockholm Banco, was established. Shortly afterwards, this institution was the first in Europe to introduce a new form of settlement, i.e. banknotes.
But how was Sweden's current currency created? The Swedish thaler (Riksdaler), which had been in use since 1534, was converted to krona in 1873, when Sweden and Denmark formed the Scandinavian Monetary Union. Today's Swedish krona came into circulation only after its dissolution. Due to the economic turmoil, for a long time the exchange rate of the Swedish krona depended on other currencies. In the interwar period, the SEK was pegged to the British pound, and from 1939 to the dollar. Its dependence on the US currency continued until the dissolution of the Bretton Woods system in 1973. The Swedish krona, just like the country's economy, lost its stability at that time, which prompted Sweden to cooperate with the European Community.
The largest Swedish coin from 1644 weighs as much as 29.7 kg. Thanks to its impressive weight and size, it was officially recognized as a world record holder.
Security features in the form of concave stamps and watermarks appeared on Swedish banknotes as early as the 18th century.
In transfers and card transactions, öre are normally included, while in cash payments they are omitted – all prices are rounded up to whole crowns.
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