Danish Krone to Swedish Krona

The Danish krone (international symbol: kr, code: DKK ,number: 208) is the official currency of Denmark effective since 1873.The crone is subdivided into 100 era coins. The banknotes issued since 1945 are still in circulation.

The Danish currency is pegged to the euro at a fixed exchange rate of 7.4 krones for 1 euro, which is supposed to be preserved until the country joins the Eurozone. The Danish currency is used for cash payments and non-cash transfers in Greenland. It is also in circulation on the Faroe Islands, at the exchange rate for local crowns of 1: 1.

The Swedish Krona (symbol: kr, code: SEK, number 752) is the national currency introduced in 1873 as the currency of the Scandinavian Monetary Union. It has later on become the internal currency for Sweden. Although Sweden is a member of the EU, the payments are supposed to be done officially is in kronas.

So far, joining the Eurozone with further transition to the single currency system is not being considered. One krona is subdivided into 100 ore coins. Ore has been discontinued, remaining only part of the formal mathematical financial accounting.