US Dollar
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Swedish
KronaSEK
The currency of Sweden is the Swedish krona (SEK), divided into 100 öre and issued by Sveriges Riksbank. It has floated since 1992: one Swedish krona costs ₹10.45 at our selling rate right now.
- Code
- SEK
- Symbol
- kr
- Subunit
- 100 öre
- In use since
- 1873
What is the currency of Sweden?
The currency of Sweden is the Swedish krona, code SEK, written kr. One krona is divided into 100 öre, the plural is kronor, and Sveriges Riksbank issues the notes and coins. The krona replaced the riksdaler in 1873 and has floated since 1992, so against the rupee it moves with the market: on 5 Oct 2026, one Swedish krona was worth about ₹10.45 at our selling rate. A quote in SEK currency always means this krona, and Sweden never adopted the euro: its voters rejected it in a referendum in September 2003.
Swedish Krona at a glance
- Currency
- Swedish kronaThe plural is kronor
- Code
- SEKNumeric code 752
- Symbol
- krAlso listed as :-
- Subunit
- 1 krona = 100 öreCash is rounded to the nearest krona
- Issuer
- Sveriges RiksbankCreated in 1668, in Stockholm
- Introduced
- 1873Replaced the riksdaler, with the Scandinavian Monetary Union
- Exchange rate
- FloatingFloating since 1992, and Sweden never adopted the euro
- Used in
- Sweden
- Banknotes
- 20, 50, 100, 200, 500 and 1000 krThe 2015 series, in two stages: October 2015 and October 2016
- Coins
- 1, 2, 5 and 10 krNo coin below 1 kr has been in use since 30 September 2010
Sweden currency notes and coins
Swedish money comes as six banknotes and four coins, but cards are the most common way to pay: the Riksbank's 2025 Payments Report says many small retailers have stopped taking cash, and since 1 July 2026 staffed grocery stores and pharmacies have had to accept it. The notes show six people on the front and six regions on the back, and they arrived in two stages, in October 2015 and October 2016. Each note is shown with what it costs in rupees at our selling rate today.
- Sveriges RiksbankTwenty kronor20kr
Twenty kronor 20 kr
≈ ₹208.90 today- Colour
- Violet
- Front
- Astrid Lindgren, the children's writer
- Back
- Småland
- Sveriges RiksbankFifty kronor50kr
Fifty kronor 50 kr
≈ ₹522.25 today- Colour
- Yellow-orange
- Front
- Evert Taube, poet, composer and artist
- Back
- Bohuslän
- Sveriges RiksbankOne hundred kronor100kr
One hundred kronor 100 kr
≈ ₹1,044.50 today- Colour
- Blue
- Front
- Greta Garbo, the actress
- Back
- Stockholm
- Sveriges RiksbankTwo hundred kronor200kr
Two hundred kronor 200 kr
≈ ₹2,089.00 today- Colour
- Green
- Front
- Ingmar Bergman, the film director
- Back
- Gotland (Fårö)
- Sveriges RiksbankFive hundred kronor500kr
Five hundred kronor 500 kr
≈ ₹5,222.50 today- Colour
- Red
- Front
- Birgit Nilsson, the singer
- Back
- Skåne
- Sveriges RiksbankOne thousand kronor1000kr
One thousand kronor 1000 kr
≈ ₹10,445.00 today- Colour
- Grey-brown
- Front
- Dag Hammarskjöld, UN Secretary-General and Swedish Academy member
- Back
- Lappland
Coins, in öre
The 1 kr and 2 kr coins are copper-coloured and the 5 kr and 10 kr gold-coloured. The reverses show a stylised solar corona on the 1 kr, a whirlwind on the 2 kr and waves on the 5 kr, each with the Tre kronor, the lesser coat of arms. The 10 kr shows the numeral 10 on the arms, with King Carl XVI Gustaf's motto, För Sverige, i tiden (For Sweden, with the times).
- 11 krona
≈ ₹10.45 - 22 kronor
≈ ₹20.89 - 55 kronor
≈ ₹52.23 - 1010 kronor
≈ ₹104.45
Sources: Sveriges Riksbank, valid banknotes and valid coins; colours as described there. Rupee values at our selling rate, 10:25 AM IST, 5 Oct 2026.
Lent out rather than matched by deposits, after lighter new coins had triggered a run.
The Riksbank's own timeline records the failure.
Created under parliament to replace the Banco, and the issuer of the krona today.
The bank that issued Europe's first banknotes
Sweden issued Europe's first banknotes in 1661. The private bank behind them did not last, and the bank that replaced it in 1668 is the Riksbank that issues the krona today.
Europe's first banknotes
Stockholms Banco, a private bank, issues credit notes: they are lent out rather than matched by deposits. Lighter new coins had triggered a run on it.
The Banco fails
The private bank does not last. The Riksbank's own timeline records the failure of its notes and its bank.
Parliament starts again
Riksens Ständers Bank, the future Riksbank, is created under parliament and replaces the Banco.
Sveriges Riksbank
The same bank, in Stockholm, now issues the notes and coins of the Swedish krona.
Sources: Sveriges Riksbank, historical timeline, "First banknotes in Europe" and "Sveriges Riksbank is founded"; Wikipedia, "Stockholms Banco".
A krona that floats free
The Swedish krona has no fixed rate. Sweden dropped it in 1992 and the market has set the price since, so its price in rupees can change from one day to the next.
No fixed rate since 1992
Sweden dropped its fixed rate in 1992 and left the krona to float. The market sets its price every day, and the rupee price moves with it.
Outside the euro
Swedish voters rejected the euro in a referendum in September 2003, so the krona is still Sweden's own money.
A central bank since 1668
Sveriges Riksbank was created in 1668 as Riksens Ständers Bank, under parliament, and it issues the krona today.
One unit in rupees · our selling rate, 5 Oct 2026
The Swedish krona since 1873
The krona dates from 1873, but Swedish money is much older: Stockholm issued Europe's first banknotes in 1661. What changed along the way, in eight entries.
- EntrySweden
Europe's first banknotes
Stockholms Banco issues the first banknotes in Europe: credit notes, lent out rather than matched by deposits.
First notes - EntrySweden
The Riksbank is founded
Riksens Ständers Bank, the future Riksbank, is created under parliament and replaces the failed Banco.
- EntrySweden
The krona arrives
The krona replaces the riksdaler, introduced with the Scandinavian Monetary Union, which Sweden forms with Denmark. Norway joins later.
Launch - EntrySweden
The krona floats
Sweden drops its fixed rate and lets the krona float. The Riksbank's own timeline entry for the year covers the 500 percent interest rate and the floating krona.
Float - EntrySweden
No to the euro
In a referendum in September, Swedish voters reject the euro, and the krona stays.
- EntrySweden
The last öre coin
On 30 September the 50 öre coin is last payable. No coin below one krona remains, and cash is rounded to the nearest krona.
Coin ends - EntrySweden
New notes begin
The first stage of the changeover brings new 20, 50, 200 and 1000 kr notes in October 2015. The 100 and 500 kr notes and new 1, 2 and 5 kr coins follow in October 2016.
New notes - EntrySweden
A cash law
On 1 July a law comes into force that requires staffed grocery stores and pharmacies to accept cash, with exemptions for staff safety or a disproportionate burden.
Cash law
Sources: Sveriges Riksbank, historical timeline, valid banknote and coin pages, the evaluation of the banknote and coin changeover and the Payments Report 2025; Wikipedia, "Swedish krona", "Stockholms Banco", "Scandinavian Monetary Union" and "Öre"; The Local, 30 September 2010 and 28 May 2026; Sweden Herald; Central Banking.
Kronor and rupees side by side
Worked out at our selling rate at 10:25 AM IST on 5 Oct 2026. For the live rate on any amount, use the SEK to INR or INR to SEK converter.
| You pay | You get |
|---|---|
| ₹5,000 | kr 478.70 |
| ₹10,000 | kr 957.40 |
| ₹25,000 | kr 2,393.49 |
| ₹50,000 | kr 4,786.98 |
| ₹1,00,000 | kr 9,573.96 |
| ₹2,00,000 | kr 19,147.92 |
| You buy | It costs |
|---|---|
| kr 100 | ₹1,044.50 |
| kr 500 | ₹5,222.50 |
| kr 1,000 | ₹10,445.00 |
| kr 2,500 | ₹26,112.50 |
| kr 5,000 | ₹52,225.00 |
| kr 10,000 | ₹1,04,450.00 |
Spending Swedish kronor in Sweden
Cards are the most common way to pay in Sweden, says the Riksbank's 2025 Payments Report, and many small shops have stopped taking cash. Three things that help on the first day.
Lead with a card
Visa and Mastercard are widely accepted, and contactless is normal, even on Stockholm buses and ferries. Swish, the national payment app, needs a Swedish bank account and personal number, so a visitor pays by card.
Visa · Mastercard · contactlessSome shops refuse cash
Many small shops have stopped taking cash. Since 1 July 2026 staffed grocery stores and pharmacies must accept it, though other shops may still refuse. Carry a little all the same: a 1 kr coin is worth about ₹10.45 and the 20 kr note, the smallest, about ₹208.90.
1 kr ₹10.45 · 20 kr ₹208.90Tipping is not expected
Service is included, so a tip is not expected. In a sit-down restaurant people round up the bill, it is rare elsewhere, and a card terminal may let you key in a total that includes a tip.
Round up the billTaking Swedish kronor from India
The Reserve Bank of India's rules apply to every currency, and the Swedish krona is no exception.
Up to the equivalent of USD 3,000 per trip can leave India as Swedish krona notes. The rest goes on a forex card or as a bank transfer.
Every resident can send up to USD 250,000 abroad each financial year under the Liberalised Remittance Scheme, travel included.
Tax collected at source applies once your foreign-exchange purchases in a financial year cross ₹10 lakh: nil when an education loan pays, 2% for self-funded education and medical treatment, and 20% for travel and everything else. It is credited against your income tax when you file.
Swedish kronor are on our booking form. Send your amount and the desk confirms your exact rate before anything is booked.
Book Swedish Kronor→Swedish krona questions
The questions people type about the Swedish krona, answered in full, in three groups.
The basics
8 questionsWhat is the currency of Sweden?
The currency of Sweden is the Swedish krona, code SEK, divided into 100 öre. Sveriges Riksbank in Stockholm issues the notes and coins, and Sweden is not in the eurozone.
What is the full form of SEK in currency?
SEK stands for Swedish Krona: SE is the two-letter code for Sweden and K is for krona, following the ISO 4217 standard, and its numeric code is 752. That is the SEK full form and the SEK currency full form alike. On a page about money, and in any price list, it means the Swedish krona.
What is the Sweden currency symbol?
The Swedish krona symbol, also called the Swedish krona sign, is kr. It is the Sweden currency symbol you will see on price tags, and :- is also listed as a sign. When a price must be exact, the code SEK says which krona is meant.
Sweden ki currency kya hai?
Sweden ki currency Swedish krona (SEK) hai. Ek krona mein 100 öre hote hain, aur 5 Oct 2026 ko ek Swedish krona lagbhag ₹10.45 ka tha, hamare selling rate par. Iska symbol kr hai, aur ek se zyada krona ko kronor kehte hain.
What is the Sweden currency name?
The Sweden currency name is the Swedish krona, and its plural is kronor, not kronas. It is also searched as Sweden currency, Swedish currency or Swedish money, and all of them mean the same krona. The code SEK is what ties a price to it.
How many öre make one Swedish krona?
One Swedish krona is 100 öre. No öre coins have been in use since 30 September 2010, when the 50 öre coin was last payable, and cash is rounded to the nearest krona. The smallest coin today is the 1 kr.
Who issues the Swedish krona?
Sveriges Riksbank, in Stockholm, issues it. The Riksbank was created in 1668 as Riksens Ständers Bank, under parliament, and it grew out of a failed private bank, Stockholms Banco.
Which Swedish banknotes and coins are in use?
Six notes: the 20 kr (violet), 50 kr (yellow-orange), 100 kr (blue), 200 kr (green), 500 kr (red) and 1000 kr (grey-brown), and four coins of 1, 2, 5 and 10 kr. The notes came in two stages, in October 2015 and October 2016.
Value and history
7 questionsIs the Swedish krona fixed or floating?
It floats. Sweden dropped its fixed rate in 1992 and left the krona to float, so the market sets its price and there is no peg. Sweden is also outside the euro, after voters rejected it in a referendum in September 2003.
When did Sweden start using the krona?
The krona was introduced in 1873, replacing the riksdaler, as part of the Scandinavian Monetary Union formed with Denmark. Norway joined the union later, and the Riksbank itself is older still, created in 1668.
Which bank issued Europe's first banknotes?
Stockholms Banco, a private bank in Sweden, issued the first banknotes in Europe in 1661. They were credit notes, lent out rather than matched by deposits, and the bank failed. In 1668 parliament created Riksens Ständers Bank to replace it, and that bank became the Riksbank.
Who is on the Swedish banknotes?
The fronts show six people: Astrid Lindgren (20 kr), Evert Taube (50 kr), Greta Garbo (100 kr), Ingmar Bergman (200 kr), Birgit Nilsson (500 kr) and Dag Hammarskjöld (1000 kr). The backs show six regions: Småland, Bohuslän, Stockholm, Gotland (Fårö), Skåne and Lappland.
Are old Swedish krona notes and coins still valid?
Not the ones replaced in the 2015 to 2017 changeover. The old 20, 50 and 1000 kr notes stopped being legal tender after 30 June 2016, and the old 100 and 500 kr notes and the old 1, 2 and 5 kr coins after 30 June 2017.
Can shops in Sweden refuse cash?
Some do. The Riksbank's 2025 Payments Report says many small retailers have stopped taking cash, and since 1 July 2026 staffed grocery stores and pharmacies must accept it, with exemptions for staff safety or a disproportionate burden.
Can a visitor use Swish in Sweden?
Generally not. Swish, the national mobile-payment app, needs Mobile BankID, which needs a Swedish bank account and personal number, so a visitor pays by card. Visa and Mastercard are widely accepted, and contactless is normal, even on Stockholm buses and ferries.
Buying from India
2 questionsHow much Swedish currency can I take out of India?
Up to the equivalent of USD 3,000 per trip in currency notes. Anything above that goes on a forex card or as a bank transfer, all within the USD 250,000 a year Liberalised Remittance Scheme limit.
How do I get Swedish currency before a trip?
Order it before you fly. Matrix Forex, an RBI-authorised Category-II dealer, has Swedish kronor on its booking form: send your amount through the booking bar at the top of this page and the desk confirms your exact rate before anything is booked. For the live rate on any amount, see the SEK to INR converter.