TMT to SEK

TMT - Turkmenistan manat (T)
SEK - Swedish Krona (kr)
1 TMT1 SEK

Currency conversion rates from TMT to SEK

TMTSEK
1 TMT1 SEK
5 TMT5 SEK
10 TMT10 SEK
20 TMT20 SEK
50 TMT50 SEK
100 TMT100 SEK
250 TMT250 SEK
500 TMT500 SEK
1000 TMT1000 SEK
2000 TMT2000 SEK
5000 TMT5000 SEK
10000 TMT10000 SEK
SEKTMT
1 SEK1 TMT
5 SEK5 TMT
10 SEK10 TMT
20 SEK20 TMT
50 SEK50 TMT
100 SEK100 TMT
250 SEK250 TMT
500 SEK500 TMT
1000 SEK1000 TMT
2000 SEK2000 TMT
5000 SEK5000 TMT
10000 SEK10000 TMT

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)


TMT - Turkmenistani Manat (TMT)

Turkmenistani Manat

Turkmenistan New Manat (TMT) is equivalent to the old Turkmenistan Manat (TMM) on a basis of 1 Turkmenistan new Manat (TMT) = 5,000 Turkmenistan manat (TMM). The currency symbol is m. Turkmenistan is one of the six independent Turkic states. It is bordered by Afghanistan and Iran to the south, Uzbekistan and Kazakhstan to the north, and the Caspian sea to the west.

The Turkmenistan Manat is the currency in Turkmenistan (TM, TKM). The Turkmenistan Manat is divided into 100 tenga. The exchange rate for the Turkmenistan Manat was last updated on May 24, 2019 from Yahoo Finance. The TMT conversion factor has 2 significant digits.

Economy

  • Turkmenistan's economy is primarily agronomic. Agriculture accounts for nearly half of the gross domestic product (GDP) and more than two-fifths of total employment. Industry accounts for about one-fifth of the gross domestic product.
  • Turkmenistan has the fourth-largest reserves of natural gas in the world.
  • Turkmenistan is the world’s tenth largest producer of cotton; approximately half of the country’s irrigated farmland is planted with cotton.
  • The Turkmenistan economy places great emphasis on foreign economic relations and foreign trade and it hasan open-door trade policy. The most prominent trade partners of Turkmenistan are the United States, Turkey, Switzerland, Hong Kong, Germany, and the United Kingdom.

History

  • The old Turkmenistan Manat (TMM) was introduced on November 1, 1993, replacing the Russian Ruble at a rate of 1 Manat = 500 Rubles.
  • In 1993, notes were introduced in denominations of 1, 5, 10, 20, 50, 100 and 500 Manat. These were followed by notes for 1,000 Manat in 1995 and 5,000 and 10,000 Manat in 1996.
  • In 2005, a new series of notes was introduced in denominations of 50, 100, 500, 1000, 5000, and 10,000 Manat.
  • The Turkmenistan New Manat was introduced in 2009. Notes are printed in denominations of 1, 5, 10, 20, 50, 100, and 500 New Manat.

More information about TMT - Turkmenistani Manat (TMT)