Sweden, Currency

The krona (currency code SEK) has been the currency of Sweden since 1873. It is locally abbreviated kr. The plural form is kronor and one krona is divided into 100 öre (singular and plural, if not preceded by a number the plural becomes ören). The currency is sometimes informally referred to as the "Swedish crown" in English or the "couronne suédoise" in French. Read more

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Source: FOREX Bank

Source: ECB

A currency is a unit of exchange, facilitating the transfer of goods and services. It is a form of money, where money is defined as a medium of exchange (rather than e.g. a store of value). A currency zone is a country or region in which a specific currency is the dominant medium of exchange. To facilitate trade between currency zones, there are exchange rates i.e. prices at which currencies (and the goods and services of individual currency zones) can be exchanged against each other. Currencies can be classified as either floating currencies or fixed currencies based on their exchange rate regime. In common usage, currency sometimes refers to only paper money, as in "coins and currency", but this is misleading. Coins and paper money are both forms of currency. Read more

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