Wednesday, March 29, 2017 11:11 AM
Currencies rates online for Swedish Krona (SEK) to Canadian Dollar (CAD).
Forex data is updating every 5 minutes.
In order to convert currencies, please go to Canadian Dollar (CAD) to Swedish Krona (SEK).
The currency converter uses the latest Forex exchange rates.
The Swedish krona (symbol: kr; currency code: SEK) is the official currency of Sweden. One (1) krona is equal to one hundred (100) øre. The circulation of øre ceased in 2010.
The currency is issued by the Swedish National bank.
The krona was adopted in 1873 as the official currency of Sweden, replacing the riksdaler after the country joined the Scandinavian Monetary Union.
The Canadian dollar (symbol: $; currency code: CAD) is the official currency of Canada. To distinguish between it and other dollar-denominated currencies, the Canadian dollar is sometimes abbreviated as C$. One (1) Canadian dollar is equal to one hundred (100) cents.
The Canadian dollar is widely referred to by Canadians as the “loonie”, a term which forex traders and analysts also employ. This is due to the image of a loon on the one-dollar coin. The Canadian dollar is the fifth largest reserve currency in the world, behind the U.S. dollar, the euro, the Japanese yen and the pound sterling, and the seventh most traded currency in the forex market.
The Canadian dollar was preceded by the Canadian pound, which was introduced in 1841. A widespread need to adopt a decimal monetary system based on the U.S. dollar due to the proximity of the two countries and the increasing trading activities between the two lasted for years, before the Canadian dollar was eventually introduced in 1858. The Canadian Parliament passed the Uniform Currency Act in April 1871 to replace the currencies of all provinces with a common Canadian dollar.