Dollar against the Swedish Krona. A krona banknote a new denomination in a blue shade was introduced in with a portrait of King Charles XI and on the reverse an engraving depicts Christopher Polhem , the "father of Swedish engineering". In preparation for retirement of large value banknotes, new 1,krona banknotes of the 4th design honoring Gustav Vasa was prepared. In February , Fredrik Reinfeldt , the Prime Minister of Sweden stated that a new referendum on the euro issue will not be held until support is gained from the people and all the major parties. These images are to scale at 0. Retrieved 18 May
The Swedish Krona is the currency of Sweden. Our currency rankings show that the most popular Sweden Krona exchange rate is the SEK to EUR rate. The currency code for Kronor is SEK, and the currency symbol is kr. Below, you'll find Swedish Krona rates and a currency converter.
In , a new, smaller 5-krona coin was introduced, struck in cupronickel-clad nickel. The current design has been produced since Five-krona coins minted since are legal tender but tend to be kept by collectors for their silver content. In , aluminium-brass " Nordic gold " krona coins were introduced. Previous krona coins are not legal tender.
Jubilee and commemorative coins have been minted and those since or later are also legal tender. The royal motto of the monarch is also inscribed on many of the coins. The 5-krona coin was designed in , at a time when there were political efforts to abandon the monarchy, when there was a new young inexperienced king.
The monarchy remained, but the 5-krona was not given a portrait. Coins minted before have the same size, but contain the portrait of King Gustav VI Adolf and his royal motto. In , notes were introduced by the Riksbank in denominations of 1 krona and 5, 10, 50, and 1, kronor. The 1-krona was only initially issued for two years, although it reappeared between and In and , 10,krona notes were issued. Production of the 5 kronor note ceased in , although a coin had been issued since With the introduction of a krona coin in , production of krona notes ceased and a 20 kronor note was introduced.
All remaining one-krona banknotes became invalid after 31 December All remaining five-krona and ten-krona banknotes became invalid after 31 December An exhaustive list of every banknote design since is not included, but the following five designs were or will be retired in — The oldest design began to be printed in The banknote became invalid after 31 December A more secure version with the same portrait was printed from — and became invalid after 30 June A krona banknote 3rd design since was printed — with a portrait of the singer Jenny Lind and on the reverse was a picture of a silver harp and its tonal range.
A more secure version with the same portrait was introduced in and became invalid after 30 June A krona banknote a new denomination in a blue shade was introduced in with a portrait of King Charles XI and on the reverse an engraving depicts Christopher Polhem , the "father of Swedish engineering".
These banknotes became invalid on 31 December A krona banknote red, but without foil strips with the same portrait was printed — This banknote became invalid after 31 December The banknote had some controversy in because of the executions of " Snapphane " guerrilla warriors that King Charles XI ordered.
The first two designs of 1,krona banknotes published from — and — became invalid on 31 December The largest denomination, the 10,krona banknote was scheduled to become invalid after 31 December In preparation for retirement of large value banknotes, new 1,krona banknotes of the 4th design honoring Gustav Vasa was prepared. The 3rd design of 1,krona banknotes published from — was declared invalid on 31 December A 1,krona banknote without foil strips was printed — with a portrait of Gustav Vasa and on the reverse is a harvest picture from Olaus Magnus ' Description of the Northern Peoples from However, on 15 March , the Riksbank introduced a new, more secure 1,krona banknote with the same portrait and the Riksbank became the first central bank in the world to use the security feature of "Motion" a moving image in the striped band on the new 1,krona banknote.
When the banknote is tilted, the picture in the striped band appears to move. Replacement banknotes were circulated in considerably fewer quantities, thus reducing the supply of cash in Sweden.
This would also include a new krona banknote. She pointed out that it was very inappropriate to include something by Wagner, whose works were associated with Nazi Germany , in a time of increasing problems with antisemitism in Sweden.
Wagner died long before the Nazi era, and the association is that Hitler liked his music. The Riksbank replied saying that it is "unfortunate that the choice of design is seen as negative", and stated that it is not going to be changed. He brings up an example from Nilsson's autobiography, where she described Mauritz Rosengarten from Decca using antisemitic jokes about greed.
To see where Swedish krona ranks in "most traded currencies", read the article on the Foreign exchange market.
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 the Swedish banking rescue , a managed float regimen has been upheld. The weakest the krona has been relative to the euro was 6 March when one euro bought The strongest the krona has been relative to the euro was on 13 August when one euro bought 8.
The weakness in the euro was due to the crisis in Greece which began in July and fear of further spreading to Italy and Spain. The average exchange rate since the beginning of when the euro banknote and coins were issued and 1 March was 9.
According to the accession treaty , Sweden is required to join the eurozone and therefore must convert to the euro once the convergence criteria are met. By simply not joining the exchange rate mechanism, the Swedish government is provided a formal loophole avoiding the theoretical requirement of adopting the euro. Some of Sweden's major parties continue to believe it would be in the national interest to join, but all parties have pledged to abide by the results of the referendum, [ needs update ] and none have shown any interest in raising the issue again.
There was an agreement among the parties not to discuss the issue before the general election. In a poll from May , In February , Fredrik Reinfeldt , the Prime Minister of Sweden stated that a new referendum on the euro issue will not be held until support is gained from the people and all the major parties.
Therefore, the timing is now at the discretion of the Social Democrats. He added, the request of Mona Sahlin , former leader of the Social Democratic Party, for deferral of a new referendum until after the mandate period should be respected.
As of [update] , support for Swedish membership of the euro among the general population is low. Asian markets put in a scrappy showing on Monday, with modest gains seen just about everywhere except Shanghai and Hong Kong Continue Reading.
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Get live exchange rates for Sweden Krona to United States Dollar. Use XE's free calculator to convert foreign currencies and precious metals. XE: Convert SEK/USD. The krona (Swedish: ; plural: kronor; sign: kr; code: SEK) has been the currency of Sweden since Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value. Icelandic króna - ISK is the currency of Iceland. It crashed versus other currencies in , but gained from roughly to