Main Page | See live article | Alphabetical index Swedish Krona Banknotes Denomination Portrait 20 Selma Lagerlöf 50 Jenny Lind 100 Carolus Linnaeus 500 King Charles XI (front) Christopher Polhem (back) 1000 King Gustav Vasa Swedish Krona Coins 1 Krona (2001) Krona is the name of the currency used in Sweden. The plural form is kronor and one krona is divided into 100 öre, singular and plural. The ISO 4217 code is SEK. The introduction of the Krona, which replaced the Riksdaler as the country's legal tender, was a result of the Scandinavian Monetary Union, which came into effect in 1873 and lasted until the First World War. The parties to the union were the Scandinavian countries, where the name was Krona in Sweden and Krone in Denmark and Norway, which in English literally means Crown. After dissolution of the monetary union Sweden, Denmark and Norway all decided to keep the name of their respective and now separate currencies. By tradition the 1 Krona coins carry the head of current monarch and one of the Coats of Arms of Sweden, or a Crown, on the reverse side. The Royal motto of the monarch is also inscribed on the coin. Table of contents 1 Exchange Rate 2 See also 3 External links Exchange Rate The exchange rate of the Swedish Krona against other currencies has historically been dependant on the monetary policy pursued by Sweden at the time. Since November 1992 a managed float regime has been upheld. On October 17, 2003 the exchange rate against was 7.7295 against the United States dollar, 8.9850 against the Euro and 12.915 against the British pound. USD Date 10.4381 2002 10.3291 2001 9.1622 2000 8.2624 1999 7.9499 1998 7.6349 1997 6.7060 1996 See also Sveriges Riksbank Monetary policy of Sweden Swedish National Debt Office Table of historical exchange rates Danish Krone, Norwegian Krone, Icelandic Króna, Estonian Kroon, Czech Koruna External links Swedish Bank Notes and Coins This article is from Wikipedia. All text is available under the terms of the GNU Free Documentation License.