Swedish Krona to Icelandic Króna — exchange rate

Country of Circulation: Sweden

Currency Code, Symbol: SEK, kr

Denominations of coins in circulation: 1 kr, 2 kr, 5 kr, 10 kr

Denominations of banknotes in circulation: 20 kr, 50 kr, 100 kr, 200 kr, 500 kr

History: 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.Read More

Country of Circulation: Iceland

Currency Code, Symbol: ISK, Kr

Denominations of coins in circulation: 1, 5, 10, 50, 100 krona

Denominations of banknotes in circulation: 500, 1000, 2000, 5000, 10,000 krona

History: The Icelandic krona (kr) is the national currency of Iceland. On the global exchange market and at currency exchange, the currency is named ISK. Aurar are small coins that are used as change for the Icelandic krona.Every ISK had 100 aurar. Since 2003, this subdivision has been cancelled. The currency has been issued since 1885. Coins was issued later, in 1925. Due to a massive financial crisis in the middle of the 2000s, the paying capacity of the currency has drastically decreased by half. There have been a few attempts to replace the Icelandic krona with euro. However, in 2015, the state definitively refused to become a member of EU, and the krona was reserved.Read More