SEK to THB

SEK - Swedish Krona (kr)
THB - Thai Baht (THB)
1 SEK1 THB

Currency conversion rates from SEK to THB

SEKTHB
1 SEK1 THB
5 SEK5 THB
10 SEK10 THB
20 SEK20 THB
50 SEK50 THB
100 SEK100 THB
250 SEK250 THB
500 SEK500 THB
1000 SEK1000 THB
2000 SEK2000 THB
5000 SEK5000 THB
10000 SEK10000 THB
THBSEK
1 THB1 SEK
5 THB5 SEK
10 THB10 SEK
20 THB20 SEK
50 THB50 SEK
100 THB100 SEK
250 THB250 SEK
500 THB500 SEK
1000 THB1000 SEK
2000 THB2000 SEK
5000 THB5000 SEK
10000 THB10000 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)


THB - Thai Baht (฿)

The Thai baht is the currency of Thailand. Its code is THB, and it’s also denoted with the symbol ฿. The baht is the tenth most frequently used currency in the world, and is one of the strongest currencies in southeast Asia. The most popular Thai baht exchange is with the euro. The Thai baht has 6 significant currency conversion digits. It is considered fiat money.

Thai Baht is the official currency of the Kingdom of Thailand. It is divided into 100 satang. The Baht is rated as one of the strongest currencies in Southeast Asia. The Bank of Thailand issues the currency.

The Thai Baht is the currency in Thailand (TH, THA). The Thai Baht is also known as Bahts, and Onshore Baht. The symbol for THB can be written Bht, and Bt. The Thai Baht is divided into 100 stang. The exchange rate for the Thai Baht was last updated on Today from The International Monetary Fund. The THB conversion factor has 6 significant digits.

Economy

  • The economy of Thailand is a developed, commercialized economy. It is heavily export-dependent; exports account for more than two-thirds of the GDP.
  • The bank of Thailand introduced a series of exchange controls on December 19, 2006 that resulted in a major divergence between offshore and onshore exchange rates, with difference of up to 10% between the two markets.
  • Restrictions were imposed on March 3rd, 2008 and now there is no noticeable difference between offshore and onshore exchange rates.

History

  • The history of Thai currency goes back to the creation of a medium of exchange that was used in Thailand before the first century.
  • The original Thai currency was called the Tical; this name was used in the English text on banknotes until the year 1925. The name Baht was used as the Thai name for the currency since the 19th century.
  • Both the Tical and Baht currencies were originally units of weight, and coins were issued in both silver and gold, denominated by their weight in Baht and its fractions and multiples.
  • The Baht has been the national currency since 1897 and had been in use even before it was considered the national currency.

More information about THB - Thai Baht (฿)