Sweden - Swedish Krona - Currency Guide

This is a currency guide to Sweden, the Swedish Krona currency plus sending (SEK) transfers and travel tips for Sweden.

 
 
CountrySweden
FlagSweden
Country CodeSE
Domestic Currency Swedish Krona
Currency Symbolkr
Currency CodeSEK
Exchange RateUSD/SEK = 9.9428
Telephone Prefix+46

Quick Conversions from US Dollar to Swedish Krona

USD

SEK

U$ 1
kr 9.9428
U$ 5
kr 49.71
U$ 10
kr 99.43
U$ 20
kr 198.86
U$ 50
kr 497.14
U$ 100
kr 994.28
U$ 250
kr 2,486
U$ 500
kr 4,971
U$ 1,000
kr 9,943
U$ 2,000
kr 19,886
U$ 5,000
kr 49,714
U$ 10,000
kr 99,428
U$ 50,000
kr 497,140
U$ 100,000
kr 994,280
More amounts

USD

SEK

U$ 0.1006
kr 1
U$ 0.5030
kr 5
U$ 1.0060
kr 10
U$ 2.0120
kr 20
U$ 5.0300
kr 50
U$ 10.06
kr 100
U$ 25.15
kr 250
U$ 50.30
kr 500
U$ 100.60
kr 1,000
U$ 201.20
kr 2,000
U$ 503.00
kr 5,000
U$ 1,006
kr 10,000
U$ 5,030
kr 50,000
U$ 10,060
kr 100,000
More amounts

To calculate specific USD/SEK amounts use our Convert USD to SEK quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view USD to SEK Rate Guide.

Sweden Currency Info

One krona is subdivided into 100 øre.

Ordinarily, the Swedish krona is not of regular interest to market commentators or journalists, unlike the FX 'majors' – the euro, US dollar, Australian dollar, Swiss franc etc. The krona is, however, the world’s 9th most traded currency, according to 2016 data from the Bank for International Settlements, and it contributes more to total foreign exchange market volume (around 2.2%) than does the New Zealand dollar (2%), which is considered an FX major.

Sweden retains the krona despite its membership of the European Union. In a national referendum in 2003, a majority of Swedish voters opposed adopting the euro as the nation’s currency and currently none of Sweden's major political parties are interested in revisiting the 'euro vs. krona' debate. In a survey of public opinion by the University of Gothenburg in 2013, only 9% of Swedes were in favour of adopting the euro.

Since 1995, the krona’s lowest valuation against the US dollar came in July 2001 when USD/SEK reached 11.05. The currency was strongest in April 2008 when USD/SEK fell to just 5.82. Against the euro, since the single currency's introduction in 1999, EUR/SEK has traded between 8.02 and 11.79.


Frequently Asked Questions


What currency should I use in Sweden?

The domestic currency in Sweden is the Swedish Krona.

What is the Swedish Krona currency code and symbol?

The three letter currency code for the Swedish Krona is SEK — symbol is kr.

How much is U$100 US Dollars in Swedish Krona?

U$ 100 converts to kr 994.28

Which countries use the Swedish Krona?

It is the domestic currency in Sweden.

Is the Swedish Krona a closed currency?

No, the Swedish Krona is freely available and convertible. See guide: What is a closed currency?


Swedish Krona (SEK) in the markets

It’s been a grim 16 months for the Swedish krona. In October hitting a record low of 9.90 per USD and falling to its weakest level against the euro since the wake of the financial crisis as global trade tensions continued to take a toll.

2019 weakness has confounded forecasters, who predicted at the start of the year a much stronger currency based on expectations for higher interest rates in Sweden. With economic conditions changing for the worse, markets have now completely priced out any rate hike in 2019, spurring krona weakness.

Danske Bank said in May that “EUR/SEK is somewhat overbought … however, we believe there is a clear risk that Swedish growth and inflation will undershoot the Riksbank’s forecasts … and that monetary policy will have to remain accommodative for the foreseeable future.” As a result, Danske raised its 12-month EUR/SEK forecast to 11.00 to reflect its more bearish krona outlook.

The interactive chart below shows the USD to SEK exchange rate and trend for the previous 3 months:

ALERT:7-DAY4.7% 🔔|
USD/SEK at 9.92 was trading 3% above AVG:9.6324 with LO:9.3332 and HI:10.41 (90 days). ALERT: USD/SEK is DOWN 4.7% this 7-DAY period.
31-MAR 3PM-NY 8PM-LON 01-APR 3AM-HK 6AM-SYD
Booking.com

Travel, Currency and Money saving tips for Sweden

With almost ten million locals, Sweden is a small but lovely country. From the frozen lands up north to the rugged western coast to the picturesque islands in Stockholm, there is so much history in the country and the populace has preserved it wonderfully. The country isn’t cheap, and people often skip it until they have more funds, but it’s never too soon to see Sweden.

One of the best things about Sweden is its natural assets. Indeed, to really appreciate this country’s magnetism, take time to leave the city behind. Whether you're sailing across an archipelago to a lonely island or trekking along a mountain trail flanked by snowcapped peaks, the sense of space, solitude and freedom is matched by few corners of Western Europe.

Is the Euro accepted in Sweden?

Sweden does not currently use the euro as its currency and has no plans to replace the krona in the near future. This is the same situation in all the Scandinavian countries - Denmark, Norway and Iceland. You may find some shops that will accept the Euro but watch out for the EUR/SEK exchange rates they offer.

ATMs in Sweden. Cirrus, Plus and other networks provide connectivity to ATMs across Scandinavia, so you can use your Mastercard or Visa debit or credit card to withdraw money. Banks in Sweden impose fees when non-customers use their ATMs, and the fee is usually higher for international cards.

How to get around in Sweden?

Public transport is heavily subsidised and well organised. It’s divided into 21 regional networks (länstrafik), but with an overarching Resplus system (www.samtrafiken.se), where one ticket is valid on trains and buses. Timetables are available online.

Domestic flights link various towns and cities in Sweden and can be a fast, if not particularly cheap, way of getting around. There are 30-odd small regional airports located throughout the country. Flying domestic is expensive on full-price tickets, but discounts are available on internet bookings, student and youth fares, off-peak travel, return tickets booked in advance, and low-price tickets for accompanying family members and seniors.

Stockholm.

There is a comprehensive network of buses throughout Sweden and you can travel on any of the 21 good-value and extensive länstrafik networks as well as on national long-distance routes. In general, travelling by bus is cheaper than by train.

Like most of Scandinavia, Sweden is an extremely bike-friendly country with a well-developed network of cycle paths in and around its towns and cities. There are also well-marked cycle routes around the country. Comprehensive cycling maps showing scenic trails are published by the Swedish Cycling Society and available in bookshops.

Rail passes are usually a great value in Sweden, often saving money over otherwise-expensive tickets while allowing you to hop trains at your convenience (though some longer-distance trains do require reservations. You'll need seat reservations ($5–20) for many long rides and express trains, such as the "SJ-Highspeed" class of trains, as indicated in online train schedules. Some reservations aren't available outside Europe, but they don't generally sell out terribly far in advance. Private and shared sleepers on night trains are both available with second-class rail passes.

An extensive boat network and the five-day Båtluffarkortet (Boat Hiking Pass; 420kr) open up the attractive Stockholm archipelago. Gotland is served by regular ferries from Nynäshamn and Oskarshamn, and the quaint fishing villages off the west coast can normally be reached by boat with a regional transport pass – enquire at the Gothenburg tourist offices. Canals provide cross-country routes linking Sweden's main lakes. The longest cruises, on the Göta Canal from Söderköping (south of Stockholm) to Gothenburg, run from late May to August, take at least four days and include the lakes between.

Travel tips for Sweden.

The northern end of Sweden is home to the Sami people. One of Europe's few indigenous people, their rich and ancient traditions offer a very different take on the Swedish experience. To the Sami, northern Sweden is known as Sápmi and its wild wilderness is the best place to sample Sami culture. Spend a night or two in a Sami reindeer camp, take a dogsledding tour, or simply dig into local flavours at a Sami restaurant. All offer memorable, thought-provoking insight into an oft-overlooked side of the country's cultural tapestry.

History is written large in Sverige. Ancient rune stones poke up out of grassy parks, while huge stone-ship settings and burial mounds recall long-gone kings and chiefs. Across the country, walled medieval cities, seaside fortresses, turreted palaces and revealing museums attest to Sweden's long and complex backstory.

It’s the social, ecological, and financial norm to drink water straight from the tap. Sweden’s water supply is well filtered and incredibly clean, so the majority of the environmentally-conscious country’s citizens choose to pass on drinking water from plastic bottles.

Northern Sweden.

 

Travel money for Sweden

Save money and time by Ordering your Swedish Krona online from Travelex, you get better rates and can pick up the SEK cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Swedish Krona otherwise you may get much worst exchange rates.

 

Sweden Trip Checklist    

 
  1. Compare SEK travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Sweden
  3. Lonely Planet - world's best travel guide (coupon and deals)

Sending money to Sweden

When searching around for information on how to get a good exchange rate when sending money to Sweden you need to start with finding out the latest Swedish Krona foreign-transfer exchange rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).


Get a better deal for foreign transfers to Sweden

When sending money to Sweden it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Swedish Krona amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted SEK amount will be transfered to the recipient account you specify in Sweden.

Use our Send to Swedish Krona calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Swedish Krona deposited into the recipient bank account and less margins and fees kept by the banks!

 

Bank Transfers to Sweden

Compare Transfer Rates

Swedish Krona to US Dollar - Historical Rates

PeriodSEK/USDDate
1 Day0.099630 Mar 2020
7 Day0.098824 Mar 2020
30 Day0.103801 Mar 2020
3 Month0.107001 Jan 2020
1 Year0.107601 Apr 2019
5 Year0.115902 Apr 2015
10 Year0.139103 Apr 2010

Swedish Krona to Euro - Historical Rates

PeriodSEK/EURDate
1 Day0.090330 Mar 2020
7 Day0.091524 Mar 2020
30 Day0.094001 Mar 2020
3 Month0.095401 Jan 2020
1 Year0.096101 Apr 2019
5 Year0.106602 Apr 2015
10 Year0.102803 Apr 2010

Swedish Krona to Pound Sterling - 10 Year History

PeriodSEK/GBPDate
1 Day0.080530 Mar 2020
7 Day0.083824 Mar 2020
30 Day0.081201 Mar 2020
3 Month0.080701 Jan 2020
1 Year0.082401 Apr 2019
5 Year0.078102 Apr 2015
10 Year0.091103 Apr 2010

Swedish Krona to Australian Dollar - Historical Rates

PeriodSEK/AUDDate
1 Day0.161530 Mar 2020
7 Day0.165524 Mar 2020
30 Day0.160501 Mar 2020
3 Month0.152401 Jan 2020
1 Year0.151401 Apr 2019
5 Year0.152802 Apr 2015
10 Year0.151403 Apr 2010

Country Guides - A to Z


A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Y
Z