The krona (Swedish:[ˈkrûːna]ⓘ; 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. In English, the currency is sometimes referred to as the Swedish crown, as krona means "crown" in Swedish. The Swedish krona was the ninth-most traded currency in the world by value in April 2016.[3]
One krona is subdivided into 100 öre (singular; plural öre or ören, where the former is always used after a cardinal number, hence "50 öre", but otherwise the latter is often preferred in contemporary speech). Coins as small as 1 öre were formerly in use, but the last coin smaller than 1 krona was discontinued in 2010. Goods can still be priced in öre, but all sums are rounded to the nearest krona when paying with cash. The word öre is ultimately derived from the Latin word for gold (aurum).[4]
^"Current inflation". Sveriges Riksbank. 14 January 2022. Retrieved 28 December 2023.
^"Current inflation rate". Sveriges Riksbank. 14 January 2022. Retrieved 28 December 2023.
^Triennial Central Bank Survey: Foreign exchange turnover in April 2016 (PDF) (Report). Bank for International Settlements. December 2016.
^"Ordet öre kommer av latinets Aereus/aurum" (in Swedish). Sveriges Riksbank. Retrieved 22 January 2012.
The krona (Swedish: [ˈkrûːna] ; plural: kronor; sign: kr; code: SEK) is the currency of the Kingdom of Sweden. It is one of the currencies of the European...
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and krona in Sweden, a word which in all three languages literally means ‘crown’. The three currencies were on the gold standard, with the krone/krona defined...
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depending on both social and dialectal context. Finland Swedish has a slightly different phonology. Swedish has nine vowels that, as in many other Germanic languages...
for crown is used irrespective of rank (German: Krone, Dutch: Kroon, Swedish: Krona, French: Couronne, etc.) In this use, the English coronet is a purely...
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