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.

Chinese Yuan Renminbi

Chinese Yuan Renminbi

The renminbi (Ab.: RMB; simplified Chinese: 人民币; traditional Chinese: 人民幣; pinyin: rénmínbì; literally: "people's currency"; sign: 元; code: CNY) is the official currency of the People's Republic of China. The yuan (Chinese: 元; pinyin: yuán) is the basic unit of the renminbi, but is also used to refer to the Chinese currency generally, especially in international contexts where "Chinese yuan" is widely used to refer to the renminbi. The distinction between the terms renminbi and yuan is similar to that between sterling and pound, which respectively refer to the British currency and its primary unit. One yuan is subdivided into 10 jiao (Chinese: 角; pinyin: jiǎo), and a jiao in turn is subdivided into 10 fen (Chinese: 分; pinyin: fēn). The renminbi is issued by the People's Bank of China, the monetary authority of China.Until 2005, the value of the renminbi was pegged to the US dollar. As China pursued its transition from central planning to a market economy, and increased its participation in foreign trade, the renminbi was devalued to increase the competitiveness of Chinese industry. It has previously been claimed that the renminbi's official exchange rate was undervalued by as much as 37.5% against its purchasing power parity. More recently, however, appreciation actions by the Chinese government, as well as quantitative easing measures taken by the American Federal Reserve and other major central banks, have caused the renminbi to be within as little as 8% of its equilibrium value by the second half of 2012. Since 2006, the renminbi exchange rate has been allowed to float in a narrow margin around a fixed base rate determined with reference to a basket of world currencies. The Chinese government has announced that it will gradually increase the flexibility of the exchange rate. As a result of the rapid internationalization of the renminbi, it became the world's 8th most traded currency in 2013, and 5th by 2015.On 1 October 2016, the RMB became the first emerging market currency to be included in the IMF's special drawing rights basket, the basket of currencies used by the IMF (reserve currency).

1 Swedish Krona to Chinese Yuan Renminbi exchange rates chart

1 SEK to CNY exchange rates graph
1 SEK to CNY 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.

1 SEK to CNY exchange rates table

Exchange SEK to CNY
1 Swedish Krona = 0.752 Chinese Yuan Renminbi
2 Swedish Krona = 1.504 Chinese Yuan Renminbi
5 Swedish Krona = 3.759 Chinese Yuan Renminbi
10 Swedish Krona = 7.518 Chinese Yuan Renminbi
Exchange Swedish Krona to Chinese Yuan Renminbi
1 Swedish Krona to Chinese Yuan Renminbi 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.

Best SEK/CNY rate at FOREX Bank in Stockholm

1 SEK to CNY exchange rates at FOREX Bank in Stockholm
1 Swedish Krona = 0.695 Chinese Yuan Renminbi
FOREX Bank
FOREX Bank

About FOREX Bank FOREX Bank 50 år We sell basic banking services with personal service and high availability. History From a barber shop to over 110 branches in four countries. It all started at Gyllenspets barber shop at Stockholm Central Station. Gyllenspets learnt that many of his customers were tourists, who also was in need of currencies (local and foreign). With time, his barber shop turned into a small foreign exchange bureau that was run up until the 1960s by the Swedish State Rail...

Best SEK/CNY rate at Bank of China in Shanghai

1 SEK to CNY exchange rates at Bank of China in Shanghai
1 Swedish Krona = 0.725 Chinese Yuan Renminbi
Bank of China
Bank of China

Bank of China was formally established in February 1912 following the approval of Dr. Sun Yat-sen. From 1912 to 1949, the Bank served consecutively as the country’s central bank, international exchange bank and specialised international trade bank. Fulfilling its commitment to serving the public and developing China’s financial services sector, the Bank rose to a leading position in the Chinese financial industry and developed a good standing in the international financial community, despite...

1 SEK to CNY exchange rates news

1 SEK to CNY currency converter