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The krona (Swedish: ⓘ; plural: kronor; sign: kr; code: SEK) is the currency of the Kingdom of Sweden.It is one of the currencies of the European Union.Both the ISO code "SEK" and currency sign "kr" are in common use for the krona; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value.
(1 USD = 5.17 SEK) Membership of the International Monetary Fund and part of the Bretton Woods system on 31 August 1951. A controlled depreciation of 1.0% against gold and a 7.5% appreciation against the USD on 21 December 1971. A controlled depreciation of 5.0% against gold and a 5.6% appreciation against the USD on 16 February 1973.
On 13 October 2016 the Swedish government sold 13.8 million shares worth 213.9 million SEK. The Minister of Enterprise, Mikael Damberg stated that "There exists good reasons for the Swedish government not be a long-term owner of a publicly traded airline... This sell-off is a first step towards reducing the Swedish government's ownership in a ...
US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica
The US dollar slid as investors weighed Trump's talk on tariffs. ... Canadian dollar, Swedish krona, and Swiss franc), has rallied nearly 10%. Since the election, it has climbed by about 5%. ...
Alternatively the slash may be omitted, or replaced by either a dot or a dash. A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency).
Swedish krona: 1873–present Replaced Swedish riksdaler [1] Historical use of a currency called crown. Country Currency Period Notes
The pegging was unilateral. At first, the ECU attachment seemed to bring about increased confidence in the Swedish krona, but this was only temporary. A 500 percent marginal interest rate for a short period was not enough to defend the krona against speculation, and Sweden had to abandon the fixed exchange rate in 16 September 1992. [5]