Swedish Krona

Swedish Krona

The krona (Swedish: [²kruːna]; plural: kronor; sign: kr; code: SEK) has been the currency of Sweden since 1873. Both the ISO code "SEK" and currency sign "kr" are in common use; 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 literally means crown in Swedish. The Swedish krona was the ninth-most traded currency in the world by value in April 2016.One krona is subdivided into 100 öre (singular and plural; when referring to the currency unit itself, however, the de facto plural form is ören). However, all öre coins have been discontinued as of 30 September 2010. Goods can still be priced in öre, but all sums are rounded to the nearest krona when paying with cash.

IMF Special Drawing Rights

IMF Special Drawing Rights

Special drawing rights (ISO 4217 currency code XDR, also abbreviated SDR) are supplementary foreign-exchange reserve assets defined and maintained by the International Monetary Fund (IMF). The XDR is the unit of account for the IMF, and is not a currency per se. XDRs instead represent a claim to currency held by IMF member countries for which they may be exchanged. The XDR was created in 1969 to supplement a shortfall of preferred foreign-exchange reserve assets, namely gold and the U.S. dollar.XDRs are allocated to countries by the IMF. Private parties do not hold or use them. The amount of XDRs in existence was around XDR 21.4 billion in August 2009. During the global financial crisis of 2009, an additional XDR 182.6 billion were allocated to "provide liquidity to the global economic system and supplement member countries’ official reserves". By October 2014, the amount of XDRs in existence was XDR 204 billion.The value of the XDR is based on a basket of key international currencies reviewed by IMF every five years. The weights assigned to each currency in the XDR basket are adjusted to take into account their current prominence in terms of international trade and national foreign exchange reserves. In the review conducted in November 2015, the IMF decided that the Renminbi (Chinese yuan) would be added to the basket effective October 1, 2016. From that date, the XDR basket now consists of the following five currencies: U.S. dollar 41.73%, Euro 30.93%, Renminbi (Chinese yuan) 10.92%, Japanese yen 8.33%, British pound 8.09%.

12 Swedish Krona to IMF Special Drawing Rights exchange rates chart

12 SEK to XDR exchange rates graph
12 SEK to XDR Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

12 SEK to XDR exchange rates table

Exchange SEK to XDR
12 Swedish Krona = 0.960 IMF Special Drawing Rights
24 Swedish Krona = 1.919 IMF Special Drawing Rights
60 Swedish Krona = 4.798 IMF Special Drawing Rights
120 Swedish Krona = 9.597 IMF Special Drawing Rights
Exchange Swedish Krona to IMF Special Drawing Rights
12 Swedish Krona to IMF Special Drawing Rights Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

12 SEK to XDR exchange rates news

GLOBAL MARKETS-Stocks struggle higher, dollar sapped by rate hike...

World shares struggled higher on Monday amid conflicting signals of a potential truce in the China-U.S. trade dispute, while the Federal Reserve's new-found concerns over the global economy sapped the dollar.

imperative neutral
Apple, trade woes sink stocks; growth worries drag on dollar

World stock markets fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment. Concerns about slowing economic growth also pushed down the dollar. The U.S. benchmark S

conditional neutral
Apple Suppliers Suffer With Uncertainty Around iPhone Demand

Lower-than-expected demand for Apple’s new iPhones and the company’s decision to offer more models have created turmoil along its supply chain and made it harder to predict the number of components and phones it needs.

indicative neutral
Jim Rickards: Gold price has been locked to SDRs and global monetary reset is under way

Since 1995, news.GoldSeek.com publishes the leading gold news commentaries, gold market updates and reports providing gold investors with the most updated gold and silver prices, news & precious metals information!

conditional neutral
Dreaming About a World Reserve Bitcoin

The IMF's idea to create its own digital currency is merely interesting trivia at this point, not a threat to the U.S. dollar.

conditional neutral
Yuan’s popularity continues to grow steadily, with reason
Yuan’s popularity continues to grow steadily, with reason

Marking the first time a new currency has been added since the inauguration of the euro in 1999, the International Monetary Fund’s inclusion of the yuan in its special drawing rights basket two years ago was hailed by China as a “milestone” and “affirmation” of the country’s financial reform and opening-up.

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12 SEK to XDR currency converter