Pound Sterling to Swedish Krona — exchange rate

The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.

Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.

The Swedish krona (kr) is the national currency spread and issued in Sweden. In the international currency arena, it is known as SEK. Until recently, 1 krona could be subdivided into 100 smaller coins – öre.

Today, due to inflation, öre is not circulating. The Swedish krona has come into use in 1873. The establishment of the Scandinavian Union was the reason for that. It existed for 5 years up until the World War I. The term “krona” in Scandinavian languages means “crown”. Despite the fall of the Union, Denmark and Norway also have the same names for their currencies.