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Currency Profile
The Krona is the official currency of Sweden and is also used in some parts of Estonia, Latvia and Lithuania. The currency is divided into 100 subunits called ore. The name ‘krona’ means ‘crown’ in Swedish.
The first Swedish coins were minted in the 13th century but it wasn’t until 1873 that a decimal system was introduced, with 100 ore to the Krona. In English, the currency is sometimes referred to as the Swedish Crown.
The Swedish Krona has been a freely floating currency since the early 1990s, and is now one of the most traded currencies in the world. The currency is managed by the Swedish Riksbank, which is the world’s oldest central bank.
Despite technically being required to be replaced by the Euro, a 2003 referendum saw a large majority of Swedes vote against the move. The Swedish Krona is therefore expected to remain the currency of Sweden for the foreseeable future.
When you need to convert the Swedish Krone you can do it both in your online account and by calling the team
Krone/Kroner/Krona is a Nordic translation of the Latin word ‘Corona’ which means Crown. This has been the name for multiple historic currencies in Scandinavia. Currently, Denmark, Norway, Sweden
The Euro has come a long way since the first 11 countries joined the club on the 1st January 2001. The last new country to
How we use money is always changing… From bartering to using coins, writing cheques, introducing banknotes, ending the gold standard….the way society uses money has