Countries that use the Swedish Krone
The Swedish Krone is an official national currency and used only in Sweden. 1 Krone is devided into 100 Öre.
1.00 Swedish Kronen = 0.11 US Dollar
Exchange rate history 10 SEK in USD
Swedish Krone as currency
Currency reserves for the Swedish Krone
According to the International Monetary Fund, the total broad money (M3) amounted to SEK 3,360.04 billion at the end of 2017. For currency hedging, reserves were held in a total amount of 558.71 billion Krones. This corresponds to a ratio of 1:6.0. In other words: Not even 1 of 6 Krones is deposited with a countervalue.
Approximately 43.6 billion Krones (7.8%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.Worldwide currency and gold reserves
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