(SEK) Swedish Krona

Sign kr / Code SEK

Do you need to make or receive Swedish Krona payments or transfer Swedish Krona between accounts? We can help, and save you money.

About the Swedish Krona

The Krona has been the official currency of Sweden since 1873. Previously the “Riksdaler” was used as the national currency of Sweden.

Sweden joined the Scandinavian Monetary Union in 1873 along with Norway and Denmark, at which time the local currency of all three countries was transitioned to the Krona. To tame their inflation rate and to avoid currency depreciation Sweden, Norway and Denmark adopted the gold standard because at that time gold standard was more stable than silver.

Following World War One, the Scandinavian Monetary Union dissolved, and the countries decided to return to their own currency systems. Sweden kept the Krona as its currency although Norway and Denmark now use the Euro.

  • Coins are issued in denominations of 1 kr, 5 kr and 10 kr. The banknotes are issued in in denominations of 20 kr, 50 kr, 100 kr, 500 kr and 1000 kr, although the 1000 kr banknote is rarely used.
  • “Krona” means “Crown” in English, therefore the currency is often referred to by English speakers as the Swedish Crown.

Making International Money Transfers in Swedish Krona

FTT Global offers a competitive exchange rate that is better than your bank’s rate. Plus, we offer a simple, speedy online service and our expert, friendly support team is here for you 24/7 should you need any help.

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