AMD to SEK

AMD - Armenian Dram (֏)
SEK - Swedish Krona (kr)
1 AMD1 SEK

Currency conversion rates from AMD to SEK

AMDSEK
1 AMD1 SEK
5 AMD5 SEK
10 AMD10 SEK
20 AMD20 SEK
50 AMD50 SEK
100 AMD100 SEK
250 AMD250 SEK
500 AMD500 SEK
1000 AMD1000 SEK
2000 AMD2000 SEK
5000 AMD5000 SEK
10000 AMD10000 SEK
SEKAMD
1 SEK1 AMD
5 SEK5 AMD
10 SEK10 AMD
20 SEK20 AMD
50 SEK50 AMD
100 SEK100 AMD
250 SEK250 AMD
500 SEK500 AMD
1000 SEK1000 AMD
2000 SEK2000 AMD
5000 SEK5000 AMD
10000 SEK10000 AMD

AMD - Armenian Dram (֏)

Armenian Dram

The Armenian Dram (AMD) is the currency unit for Armenia. The Central Bank of Armenia owns the exclusive rights to issue the Dram. The symbol for the Dram has not yet become part of the Unicode standard.

The Armenian Dram is the currency in Armenia (AM, ARM). The Armenian Dram is divided into 100 luma. The exchange rate for the Armenian Dram was last updated on May 24, 2019 from Yahoo Finance. The AMD conversion factor has 5 significant digits.

Economy

  • Before Armenia became independent, their economy was mainly industry-based: machinery, electronics, textiles, synthetic rubber, and processed food. Only 20% of the economy was agricultural products.
  • The country developed its industries after 1991 and is now producing knitwear, shoes, silk, trucks, instruments, jewelry, software, brandy, metal-cutting machines, and is processing diamonds.
  • Armenian mines form a large part of the economy: copper, zinc, lead, and gold.
  • Armenia exports energy.
  • Armenia’s economy does not have a strong history, due to the previous control by the Soviet Union.
  • The country’s economy suffered a major draw back after the earthquake in 1998.
  • Unemployment is a huge problem in Armenia.

History

  • Originally silver coins called drams were used from 1199 to 1375.
  • In 1991 Armenia became an independent republic, no longer part of the Soviet Union.
  • In early 1993 the Central Bank of Armenia was opened, but Soviet Union banknotes still circulated until the end of 1993.
  • The new Armenian Dram was also introduced at the end of 1993.
  • Coins replaced the 50, 100, and 500 dram banknotes in 1998.
  • After 2005 banknotes issued from 1993 to 1995 were taken out of circulation.
  • A 500,000-dram banknote was issued in 2001 to commemorate Christianity in the country.

More information about AMD - Armenian Dram (֏)


SEK - Swedish Krona (kr)

The Swedish krona (plural: kronor) is the official currency of Sweden. Its commonly used code is SEK and its symbol is ‘kr’. The most popular krona exchange is with the euro. The krona is the ninth most traded currency in the world. Its currency conversion factor has 6 significant digits. The krona is a fiat currency.

The Swedish Krona has been the currency of Sweden since 1873. It is issued by the Swedish central bank, Sveriges Riksbank. In English, the currency is sometimes referred to as the Swedish crown (Krona means crown in Swedish).

The Swedish Krona is the currency in Sweden (SE, SWE). The Swedish Krona is also known as Kronas. The symbol for SEK can be written kr, Sk, and Skr. The Swedish Krona is divided into 100 ore. The exchange rate for the Swedish Krona was last updated on Today from The International Monetary Fund. The SEK conversion factor has 6 significant digits.

Economy

  • Sweden has achieved an enviable standard of living, due to high-tech capitalism, extensive social benefits, a modern distribution system, and a highly skilled labor force.
  • The economy is heavily oriented to foreign trade, utilizing a resource base of timber, hydro power, and iron ore.
  • The global economic crisis of 2008 reduced export demand and consumption, causing the Swedish economy to slide into recession despite its strong finances and underlying fundamentals. Strong commodity exports contributed to a strong rebound in 2010-2011.

History

  • The Swedish Krona was introduced in 1873, replacing the Riksdaler at par. The currency was introduced as a result of the Scandinavian Monetary Union with Norway and Denmark, which lasted until World War I. Currencies under the treaty were under the gold standard.
  • The Monetary Union ended with the outbreak of World War I in 1914. Sweden abandoned the gold standard on August 2, 1914, and without a fixed exchange rate the union came to an end.
  • By treaty, Sweden is required to join the eurozone and convert to using the Euro. However, most Swedes are opposed to adopting the currency. On September 14, 2003, 56% of a high turnout of voters rejected adopting the Euro. Taking advantage of a loophole, the Swedish government has opted not to join ERM II, a precondition to adopting the Euro.

More information about SEK - Swedish Krona (kr)