![]() ![]() There is still much debate whether it would be in the best interest for the country to join and as such, has delayed the adoption of the euro. In 2003, however, a referendum was held, resulting in 56% opposition to joining. Find out information about Swedish Krona (SEK) including currency facts, history, conversion rates, exchange rates, etc. Under the 1994 Accession Treaty, Sweden is supposed to join the Eurozone and adopt the euro. ![]() Sweden kept the Krona currency after the monetary union was disbanded. This union lasted until World War I, when the countries lost their pegs to gold. All countries involved fixed their respective currencies against gold at par with one another to create monetary stability. Average exchange rate in 2022: 10.1198 SEK. The Swedish Krona first came to existence when Sweden agreed to join the Scandinavian Monetary Union in 1873, alongside Denmark and Norway. This is the US Dollar (USD) to Swedish Krona (SEK) exchange rate history data page for the year of 2022, covering 365 days of USD SEK historical data. In 1855, Sweden adopted the decimal system when they introduced a new version of the Riksdaler: the Risksdaler Riksmynt. The system was quite complex, with subunits consisting of mark, öres, pennings, skillingars, and runstyckens. Convert USD to SEK: US Dollar To Swedish Krona Exchange Rates 1.0000 USD 10.635 SEK 05:20 PM UTC Check the latest currency exchange rates for the US Dollar, Swedish Krona and all major world currencies. The currency used from the 17th Century to 1873 was the Riksdaler. Due to inflation and major economic problems, the currency depreciated and Sweden returned to the silver standard system in 1776.įrom the Swedish Riksdaler to the Swedish Krona In 1745, Sweden suspended its copper standard, issued irredeemable banknotes, and imposed an in-convertible paper standard. In 1625, however, copper coins were introduced and the currency system was switched to a bimetallic standard. During the medieval period, Sweden used silver currency. ![]()
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