Swedish Krona (SEK)

Definition - What does Swedish Krona (SEK) mean?

The Swedish krona (SEK) is the official currency of Sweden. It was originally part of a larger Scandinavian Monetary Union, including Denmark and Norway. The monetary union disolved following World War I, but the krona remained as Sweden’s national currency. The krona has been a fairly stable currency due to the overall stability of Sweden as a nation.

ForexDictionary explains Swedish Krona (SEK)

The krona was on a gold standard until World War I. Since then, the stability in the krona is largely thanks to the fiscal prudence with which Sweden has been governed. The krona is one of the most-traded European currencies and remains one of the few holdouts against adopting the euro.

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