SEK to STD

SEK - Swedish Krona (kr)
STD - São Tomé and Príncipe dobra (Db)
1 SEK1 STD

Currency conversion rates from SEK to STD

SEKSTD
1 SEK1 STD
5 SEK5 STD
10 SEK10 STD
20 SEK20 STD
50 SEK50 STD
100 SEK100 STD
250 SEK250 STD
500 SEK500 STD
1000 SEK1000 STD
2000 SEK2000 STD
5000 SEK5000 STD
10000 SEK10000 STD
STDSEK
1 STD1 SEK
5 STD5 SEK
10 STD10 SEK
20 STD20 SEK
50 STD50 SEK
100 STD100 SEK
250 STD250 SEK
500 STD500 SEK
1000 STD1000 SEK
2000 STD2000 SEK
5000 STD5000 SEK
10000 STD10000 SEK

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)


STD - São Tomé & Príncipe Dobra (1977–2017) (STD)

São Tomé & Príncipe Dobra (1977–2017)

Sao Tome and Principe are two small Portuguese-speaking islands approximately 140 kilometers apart in the Gulf of Guinea. The Dobra is the official currency of the islands and is represented by the symbol Db. The Dobra was pegged to the Euro in 2010 at a stable rate of 1 Euro = 24,500 STD.

The Sao Tome Dobra is the currency in Sao Tome and Principe (ST, STP). The symbol for STD can be written Db. The Sao Tome Dobra is divided into 100 centimos. The exchange rate for the Sao Tome Dobra was last updated on May 24, 2019 from Yahoo Finance. The STD conversion factor has 5 significant digits.

Economy

  • Economic development in Sao Tome and Principe has been adversely affected by factors such as government decisions and natural disasters, as well as lack of resources.
  • Cocoa has been the main contributor to economic development in Sao Tome and Principe for the past 34 years. However, this has been affected by disasters such as drought. Bananas, fish, cinnamon, beans, and poultry also contribute to agricultural production, but it does not meet the needs of the consumers.
  • Modern economic development has been geared towards developing the large amount of oil said to be present in the Gulf of Guinea.
  • The majority of manufactured goods are imported.
  • The authorities have tried to decrease price controls and grants, but monetary development has remained inactive.

History

  • The Escudo was replaced by the Dobra at a rate of 1:1.
  • In 1996, banknotes were issued in denominations of 5,000, 10,000, 20,000 and 50,000 dobras.
  • In 1997, coins were issued in denominations of 50 cêntimos, 1, 2, 5, 10 and 20 dobras.
  • In 1997, banknotes were issued in denominations of 50, 100, and 1,000 dobra.
  • In 2008, 10,000 dobra banknotes were issued.
  • In 2010, the Dobra was officially pegged to the Euro at a stable rate of 1 Euro = 24,500 STD.

More information about STD - São Tomé & Príncipe Dobra (1977–2017) (STD)