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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.
Australian dollar (AUD) Canadian dollar (CAD) Euro (EUR) Japanese yen (JPY) New Zealand dollar (NZD) Norwegian krone (NOK) Pound sterling (GBP) Swedish krona (SEK) Swiss franc (CHF) United States dollar (USD) In some banking circles, reference is made to the G11 currencies, which are the G10 currencies plus the Danish krone (DKK).
Fiume krone: 1919–1920 Replaced by Italian Lira Hungary: Hungarian korona: 1919–1926 Abandoned due to inflation. Replaced by Hungarian pengő. Liechtenstein: Liechtenstein krone: 1898–1921 Replaced by Liechtenstein franc Slovakia: Slovak koruna: 1939–1945; 1993–2008 Replaced by euro. Kingdom of Yugoslavia: Yugoslav krone: 1918–1920
For example, the purchasing power of the US dollar relative to that of the euro is the dollar price of a euro (dollars per euro) times the euro price of one unit of the market basket (euros/goods unit) divided by the dollar price of the market basket (dollars per goods unit), and hence is dimensionless. This is the exchange rate (expressed as ...
The main events in the monetary history of the Krona are: Introduction of the Krona, based on the gold standard on 5 May 1873. (1 kg of gold = 2480 Kronor) The tie to gold is abolished on 2 August 1914. The tie to gold is de facto re-established in November 1922. The tie to gold is de jure re-established on 1 April 1924
The daler, like the dollar, [1] was named after the German Thaler. The similarly named Reichsthaler, rijksdaalder, and rigsdaler were used in Germany and Austria-Hungary, the Netherlands, and Denmark-Norway, respectively. Riksdaler is still used as a colloquial term for krona, Sweden's modern-day currency. [2]
The Icelandic krona similarly fell in value against the US dollar, from around 50 to 80 per dollar to about 110–115 per dollar; by mid-November 2008 it had continued to lower to 135 to the dollar. As of 2 April 2009, the value hovered around 119 per dollar, roughly maintaining that value over the next two years with 23 March 2011, prices ...
The euro is the second-most widely held reserve currency after the U.S. dollar. After its introduction on 4 January 1999 its exchange rate against the other major currencies fell reaching its lowest exchange rates in 2000 (3 May vs sterling, 25 October vs the U.S. dollar, 26 October vs Japanese yen). Afterwards it regained and its exchange rate ...