Usd Converter
Convert Usd to Sek and more • 166 conversions
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Unit Explanations
United States Dollar$
Source UnitThe United States Dollar (USD) is the official currency of the United States, recognized as a legal tender in various territories and widely accepted internationally. It is subdivided into 100 smaller units called cents. The dollar is denoted by the symbol '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
Fun Fact
The U.S. dollar is the most widely used currency for global trade.
Swedish KronaSEK
Target UnitThe Swedish Krona (SEK) is the official currency of Sweden, introduced in 1873 and denoted by the symbol 'kr'. It is subdivided into 100 öre, although öre coins are no longer in circulation. The currency is issued by the Riksbank, Sweden's central bank, and is used in everyday transactions ranging from retail purchases to international trade. The SEK is a widely traded currency in the forex market and serves as a benchmark for the economic stability of Sweden, reflecting its monetary policy and economic performance. SEK is an essential unit for financial reporting and international commerce.
Current Use
The SEK is predominantly used in Sweden for all forms of transactions, including cash payments, electronic payments, and online banking. It is also used as a reference currency for pricing Swedish commodities and services internationally. The currency is essential for tourists visiting Sweden as well, who exchange their home currency for SEK. It is a key component of Sweden's economy and is closely monitored by financial institutions and investors.
Fun Fact
The SEK is one of the most traded currencies in the Nordic region, often used as a benchmark for economic stability.
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📐Conversion Formula
= × 1.00000How to Convert
To convert to , multiply the value by 1.00000. This conversion factor represents the ratio between these two units.
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💡 Pro Tip: For the reverse conversion ( → ), divide by the conversion factor instead of multiplying.
United States Dollar
currency • Non-SI
Definition
The United States Dollar (USD) is the official currency of the United States, recognized as a legal tender in various territories and widely accepted internationally. It is subdivided into 100 smaller units called cents. The dollar is denoted by the symbol '$' and is one of the most traded currencies globally, often used as a benchmark for other currencies. Its value is influenced by various factors including economic indicators, interest rates, and geopolitical stability. As a fiat currency, the USD is not backed by a physical commodity but rather the trust in the U.S. government and economy, making it a crucial component of the global financial system, utilized in both domestic and international transactions.
History & Origin
The United States Dollar has its origins in the Spanish dollar, which was widely used in the Americas during the colonial period. The first official dollar was issued by the Continental Congress in 1775 during the American Revolutionary War. The Coinage Act of 1792 established the U.S. dollar as the country's standard unit of money, allowing for the production of coins in various denominations. The dollar was initially defined in terms of specific weights of silver and gold, reflecting the bimetallic standard prevalent at the time, leading to the establishment of the U.S. Mint for the purpose of producing coinage.
Etymology: The term 'dollar' comes from the German word 'Thaler', which referred to a silver coin that was minted in the 16th century.
Current Use
The U.S. dollar is not only the official currency of the United States but also plays a dominant role in the global economy. As the primary reserve currency held by many countries, it is used in international transactions, trade agreements, and as a benchmark for other currencies. The dollar is widely accepted for transactions in various sectors such as finance, trade, and tourism, making it a preferred currency for global commerce. It is commonly used in international markets for commodities such as oil and gold, and many countries peg their local currencies to the dollar to stabilize their economies. The dollar is also utilized in remittances, with millions of people sending money across borders in USD.
💡 Fun Facts
- •The U.S. dollar is the most widely used currency for global trade.
- •More than 60% of all foreign exchange reserves are held in USD.
- •The design of the dollar bill has not changed significantly since 1929.
📏 Real-World Examples
🔗 Related Units
Swedish Krona
currency • Non-SI
Definition
The Swedish Krona (SEK) is the official currency of Sweden, introduced in 1873 and denoted by the symbol 'kr'. It is subdivided into 100 öre, although öre coins are no longer in circulation. The currency is issued by the Riksbank, Sweden's central bank, and is used in everyday transactions ranging from retail purchases to international trade. The SEK is a widely traded currency in the forex market and serves as a benchmark for the economic stability of Sweden, reflecting its monetary policy and economic performance. SEK is an essential unit for financial reporting and international commerce.
History & Origin
The Swedish Krona was first introduced in 1873, replacing the Swedish riksdaler as the main currency. The term 'krona' translates to 'crown' in English, symbolizing Sweden's monarchy. The currency was initially pegged to the gold standard, which provided stability and fostered trade. Over time, Sweden transitioned away from the gold standard during the 20th century, leading to fluctuations in the currency's value based on market dynamics. The introduction of the euro and the European Union's impact on Sweden's economy further shaped the SEK's evolution.
Etymology: The word 'krona' comes from the Swedish word for 'crown', a reference to the royal insignia and heritage.
Current Use
The SEK is predominantly used in Sweden for all forms of transactions, including cash payments, electronic payments, and online banking. It is also used as a reference currency for pricing Swedish commodities and services internationally. The currency is essential for tourists visiting Sweden as well, who exchange their home currency for SEK. It is a key component of Sweden's economy and is closely monitored by financial institutions and investors.
💡 Fun Facts
- •The SEK is one of the most traded currencies in the Nordic region, often used as a benchmark for economic stability.
- •Sweden was one of the first countries to adopt a fully digital currency system, with many transactions now taking place without cash.
- •The design of SEK banknotes features famous Swedish individuals and historical events.
📏 Real-World Examples
🔗 Related Units
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Frequently Asked Questions
How do I convert to ?▼
To convert to , multiply your value by 1. For example, 10 equals 10 .
What is the formula for to conversion?▼
The formula is: = × 1. This conversion factor is based on international standards.
Is this to converter accurate?▼
Yes! MetricConv uses internationally standardized conversion factors from organizations like NIST and ISO. Our calculations support up to 15 decimal places of precision, making it suitable for scientific, engineering, and everyday calculations.
Can I convert back to ?▼
Absolutely! You can use the swap button (⇄) in the converter above to reverse the conversion direction, or visit our to converter.