The Swedish krona has been the official currency in Sweden since 1873. The word krona itself translates as crown in Swedish and so you sometimes hear the currency referred to as the Swedish crown, although this is less common than it used to be.
A single Swedish krona breaks down into 100 öre but since 2010 there have been no öre coins in circulation as they are of such a small denomination. The ISO code to look out for when considering Swedish krona exchange rates is SEK and when written down the currency sign ‘kr’ is usually used. The Swedish krona is in the top 20 most traded currencies in the world. Many online casinos recognise this and provide players with the opportunity to play in krona.
The History of the Swedish Krona
Previous to the krona, Sweden used a currency called the riksdaler but it was the creation of the Scandinavian Monetary Union which saw them switch to the krona. It came into effect in 1873 and lasted until 1914. The union joined together the Swedish krona with the krone in Denmark and Norway and the three currencies were set on the gold standard, with the krone/krona measured against gold and coming in as a 1/2480 of a kilogram of pure gold.
The currencies of Denmark, Norway and Sweden are now completely separate but they all chose to keep the same currency names.
It was in 2008 that the Swedish National Bank, the Riksbank, announced it would be phasing out the 50 öre coin, which was the only one still in circulation. The öre remains a subdivision unit for when electronic payments are made but without coins any cash payment which includes öre is rounded to the nearest krona.
The Riksbank also has plans to replace other coins in circulation with a new series of kronor coins arriving in October 2016. One of the main reasons for these new coins being minted is the end of the use of nickel in currency production and they are reintroducing a new 2 kronor coin.
The Riksbank also recently issued a new series of banknotes which were issued in October 2015. The new series of notes included a new 200 kronor banknote and further new 100 and 500 kronor notes are set to be released in October 2016, alongside the new coins. Swedish banknotes depict famous people from their history, much like British banknotes and their notes include individuals such as Greta Garbo (100kr note), Astrid Lindgren (20kr note) and Birgit Nilsson (500kr note).
Swedish Krona Conversion Rates
Today, one singular Swedish krona is worth approximately £0.08 or $0.12. Conversely, £1 is worth approximately 11.80SEK and $1 is worth 8.30SEK.
The popularity of the Swedish krona as a trading currency means it has been accepted by many casinos as a valuable choice to offer. You will find it is included in the range of currencies available at many top casino sites. You can explore the sites below which offer Swedish krona as an option.
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Welcome offer Stake £10 and get up to 200 Free spins. New customers only. Opt In required. £10 min stake on Casino slots within 30 days of registration. Max bonus 200 Free Spins on selected games credited within 48 hours. Customers will be offered a choice of: 50 Free Spins on Age Of The Gods ™ at £0.20 per spin, 100 Free Spins on Better Wilds at £0.10 per spin or 200 Free Spins on Age Of The Gods ™ God of Storms 2 at £0.05 per spin. Free Spins expire after 7 days. iOS app restrictions may apply. Email/SMS validation may apply. Not available in NI. Full
Terms & Conditions apply. 18+
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Deposit £10 and get 25 Bonus Spins
LuckyNiki is an anime-themed online casino aimed at UK players, run on the SkillOnNet platform and live since 2017. Its mascot, Niki, fronts a brightly illustrated lobby that sets it apart from the more conventional...
Welcome bonus 25 free spins on Ninja Master. First Deposit Only. Min. deposit: £10. Game: Ninja Master, Spin Value: £0.2, Max Free Spins:25. WR of 10x Bonus amount and Free Spin winnings amount (only Slots count) within 30 days. Max bet is 10% (min £0.10) of the Free spin winnings amount or £5 (lowest amount applies). Spins must be used and/or Bonus must be claimed before using deposited funds. First Deposit/Welcome Bonus can only be claimed once every 72 hours across all Casinos.
Terms & Conditions apply. #AD
Deposit £20 and get 200 Bonus Spins
- Pay By Apple Pay, PayPal, paysafecard + more
- Games From Microgaming, NetEnt, SkillOnNet + more
- Platform: SkillOnNet
PlayKasino is a UK-facing online casino run on the SkillOnNet platform and operated by Skill On Net Ltd, a long-established gaming company behind a number of British casino brands. It pairs a large multi-provider games...
Welcome offer 200 Free Spins on Book of Dead with a £20 deposit. Automatically credited upon deposit. First Deposit Only. Min dep. £20. Game: Book of Dead, Spin Value: £0.1. Max Free Spins: 200. WR 10x free spin winnings amount (only Slots count) within 30 days. Max bet is 10% (min £0.10) of the free spin winnings amount or £5 (lowest amount applies).
Terms & Conditions apply. Full
Terms & Conditions apply. 18+. #AD
- Pay By PayPal, paysafecard + more
- Games From Microgaming, NetEnt + more
- Platform: Aspire Global
Deposit £20 and get 20 Bonus Spins
- Pay By PayPal + more
- Games From Microgaming, NetEnt + more
- Platform: White Hat Gaming
NEW WELCOME OFFER 20 Bonus Spins. 18+. New players only. Min deposit £20. Max bonus bet £5. Offer is: 20 bonus spins when you make your first deposit. To claim the bonus spins you also need to wager a minimum of £20 of your first deposit on slots or Slingo games. Spins valid on Play’nGo slots only. Winnings from bonus spins are credited as bonus funds and capped at £20. Bonus funds are separate to Cash funds, and are subject to 10x wagering. Bonus funds must be used within 30 days, spins within 10 days. Affordability checks apply.
Terms & Conditions apply.
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100% Bonus Up To £100 + 20 Bonus Spins
- Pay By PayPal, paysafecard + more
- Games From Microgaming, NetEnt + more
- Platform: White Hat Gaming
NEW IMPROVED OFFER 100% up to £100 and 20 Bonus Spins. 18+. New players only. Offer is valid on 1st deposit of min £10. 100% bonus match up to £100 plus 20 bonus spins on Fishin Frenzy Big Catch Megaways. Bonus funds + spin winnings are separate to cash funds and subject to 35x wagering requirement (bonus + deposit). Only bonus funds count towards wagering contribution. Winnings from Bonus Spins credited as Bonus funds and capped at £100. Bonus funds must be used within 30 days, spins within 24 hours. Max bonus bet £5. Affordability checks apply.
Terms & Conditions apply.
GambleAware.org.
Terms & Conditions apply. #AD
