Convert United States Dollar to Swedish Krona
Please provide values below to convert United States Dollar [USD] to Swedish Krona [SEK], or Convert Swedish Krona to United States Dollar.
How to Convert United States Dollar to Swedish Krona
1 USD = 0.104774577496516 SEK
Example: convert 15 USD to SEK:
15 USD = 15 × 0.104774577496516 SEK = 1.57161866244774 SEK
United States Dollar to Swedish Krona Conversion Table
| United States Dollar | Swedish Krona |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.