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Buy, Sell or Transfer Swedish Krone (SEK) in India at the best exchange rates
| Currency Name | Buy Rate (Card Rate) | Sell Rate |
|---|---|---|
| View Detailed Rate card | ||
Are you struggling with getting the best exchange rate for your Swedish Krona (SEK)? At Thomas Cook, we offer you the best SEK to INR rates. One of the most convenient online platforms to and convert SEK to INR, we are your one-stop shop for all your forex needs.
Thomas Cook is a global leader in the forex and travel market. Apart from Forex, we aim to meet every travel requirement of yours, like booking hotels, flights, tours making memories. Thomas Cooks helps you design the best package to Sweden while enabling you to convert INR to Sweden Currency (SEK) at the best rates. Feel free to visit our website or visit the nearest branch to discover the European heaven called Sweden. As a cautious traveler, you must have carried an extra margin of forex to avoid the hassle of locating local forex dealers and losing out money on conversion abroad. It is always better to have additional currency and to convert SEK to INR back home than to pay an exorbitant exchange price in Sweden.
Thomas Cook offers a seamless way to sell forex and convert your Sweden Currency to INR. Rest assured, we convert minimum units from Swedish Krona to INR too so that our valued customers do not have any reason to feel disheartened about their trip to Sweden.
All our branches are well equipped to convert Sweden Currency to INR and our dedicated staff would be more than happy to help you.
The popular Scandinavian country of northern Europe, Sweden, is rich in its living standards and abundant in natural resources. The economy of the country is quite stable and enjoys a good world ranking. SEK or Swedish Krona is the currency of Sweden since 1873 after it replaced the then-existing currency, Riksdaler. With its skilled labour force, advanced technological developments, foreign trade, and export market, Sweden's economy is currently enjoying a good international position. Sweden has not yet adopted the Euro since a majority of the citizens are against EUR. Apart from the cash money, the country also has e-krona, digital money which is also expected to overtake the cash flow in the country.
In 1873, the Scandinavian Monetary Union (SMU) was formed after which Sweden adopted its new currency, the SEK/Swedish Krona. It is also written as Kr. Prior to this, Riksdaler was used for monetary purposes in the country. The SMU was formed by Sweden and Denmark and later on, Norway also joined the union. While all three countries had their own separate currencies, the union was responsible to maintain the exchange rate of the currencies.
The exchange rate was at par with gold standards. However, when in 1914, the Scandinavian Monetary Union was disbanded and since the 1990s, Sweden has maintained a floating exchange rate without pegging its currency. In 1995, Sweden was also a participant in the EU accession treaty and according to the treaty, Sweden also had to adopt Euro. However, since the majority of the Swedish population isn't in favour of adopting the EUR, currently there is no near possibility of Sweden replacing the Krona with the Euro.
The exchange rate of SEK is not pegged to any other currency and is based on a floating rate. The exchange rate means the rate at which one currency, like Swedish Krona, will be converted to any other currency, say INR (Indian Rupee). As of now, Sweden had currency notes in the denomination of 20, 50, 100, 200, 500, and 1000 and Kroner coins come in denominations of 1, 2, 5, and 10 Kroner. 1 Swedish Krona is equal to 100 ore.
There are various factors that play a crucial role in deciding the exchange rate of SEK/INR. The current exchange rate is 7.96 INR/SEK. The export of products, rates in the international market, geopolitics, economic and political stability of the country, inflation rate, etc. are some of the key factors in this context.
Today's exchange rate of SEK to INR is INR 7.96 per SEK. This means you need to have 7.96 Indian Rupees in order to get 1 Swedish Krona. Let's understand this with the help of a quick illustration:
Madan works in a multinational company in Stockholm, Sweden. His parents reside in Himachal Pradesh, India. Madan wants to send 10,000 SEK to India. So, as of today's rate, let's calculate the final amount:
Today's exchange rate of SEK to INR is 7.96 INR/SEK. So, 10,000 Krona will be INR 79,600. So, Madan's parents will receive INR 79,600.
If you are wondering how you can quickly know the converted amount, the currency converter is your answer. A currency converter is an online tool that helps you calculate the currency conversion within a few clicks. Enter the amount you want to convert and the currencies involved. Within a few clicks, you will see the results. In the case of SEK to INR, these will be the results as of today's rate:
1 SEK= 7.96 INR
100 SEK= 796 INR
1000 SEK= 7,960 INR, and
1 INR= 0.125 SEK
1000 INR= 125 SEK
10,000 INR= 1,255 SEK.
The central banks of both countries, India and Sweden, are responsible to fix the exchange rate of SEK-INR and vice-versa. The Indian central bank is known as the Reserve Bank of India (RBI) and that of Sweden is the Riksbank. Depending on the factors that affect the exchange rate of these currencies, both the central banks decide the final exchange rate. Since SEK is not pegged to any currency, the exchange rate keeps on fluctuating. So, before you make any transaction, make sure you use the currency converter calculator for an informed decision.
SEK and INR are both globally popular currencies. Both countries are currently maintaining a good economic position and also have trade relations. Recently, India has also undergone demonetisation in 2016 and reformed its currencies. The new symbol for Indian National Rupee "₹" was also launched in 2010. It is expected to see a booming economy for both India and Sweden. With a good exchange rate, as of now, the relations between Sweden and India are also expected to grow positively. If you are planning for SEK-INR transactions, you may take help from the currency calculator to get a quick insight into the amount you will be getting upon currency conversion.
Digitalization has truly enabled you to meet all your needs at the click of a button. Now you are no longer required to visit a local currency exchange vendor to sell your unused foreign exchange. Simply log on to our website and visit our online money converter tool to know the live SEK to INR rate. Enter the required details and with just a few taps you can convert the unused Swedish Krona to INR. Thomas Cook empowers you to sell forex online from the comfort of your home. Do not wait. Contact us for all your forex and travel requirements today.
Still have concerns? Contact our forex experts and we will provide you with the best rate for Sweden Currency to Rupee, while ensuring a seamless digital transaction.
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