Swedish Krona

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Swedish Krona

The currency of Sweden. It was introduced in 1873 when it replaced the former currency at the beginning of the Scandinavian Monetary Union. After World War I, the Monetary Union ended, but the Swedish government kept the krona as its own currency. In 1995, Sweden committed to joining the eurozone at an indeterminate date. However, a 2003 referendum rejected this course of action.
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References in periodicals archive ?
During his visit, Sheikh Abdullah who leads a high-level delegation from the Ministry of Foreign Affairs met with Swedish Crown Princess Victoria, Minister of Foreign Affairs Carl Bildt, Minister of Enterprise & Energy Maud Olofsson and Head of the Committee on Foreign Affairs at the Swedish Riksdag (Parliament) Ms Karin Enstrom.
The move ended speculation that had helped to weaken the Swedish crown on Thursday.
The economist will receive an 8 million Swedish crown ($1.1 million) prize.
LONDON, Dhu-AlQa'dah 9, 1432, Oct 7, 2011, SPA -- Following are the middle exchange rates for leading currencies against the dollar, according to Reuters: CURRENT HIGH LOW Euro 1.3437 1.3463 1.3401 Japanese Yen 76.67 76.76 76.55 British Pound 1.5535 1.5553 1.5421 Swiss Franc 0.9192 0.922 0.9178 Danish Crown 5.5394 5.5535 5.5274 Norwegian Crown 5.8057 5.8418 5.7999 Swedish Crown 6.7968 6.8257 6.7761 Australian Dollar 0.9784 0.9816 0.9723 Brazilian Real 1.7783 1.7783 1.7783 Canadian Dollar 1.0335 1.0417 1.0324 Hong Kong Dollar 7.7834 7.7844 7.7806 Mexican Peso 13.4312 13.485 13.395 Russian Rouble 32.2435 32.3595 32.13 Singapore Dollar 1.2947 1.3007 1.2923 South African Rand 7.9787 8.0088 7.87 --SPA 15:11 LOCAL TIME 12:11 GMT
Operating profit declined 12% to SEK2.150bn reflecting the strengthening of the Swedish crown. Increased costs for raw materials, energy and distribution had a negative effect on the result but this was counteracted by higher volumes and prices along with cost savings.
LONDON, Dhu-AlQa'dah 9, 1432, Oct 7, 2011, SPA -- Following are the middle exchange rates for leading currencies against the euro, according to Reuters: CURRENT HIGH LOW US Dollar 1.3435 1.3463 1.3401 Japanese Yen 103.03 103.14 102.76 British Pound 0.8647 0.8704 0.8639 Swiss Franc 1.2352 1.2406 1.2333 Danish Crown 7.4436 7.4444 7.4433 Norwegian Crown 7.8031 7.8339 7.797 Swedish Crown 9.1335 9.1543 9.1234 Australian Dollar 1.3729 1.3798 1.3688 Canadian Dollar 1.3884 1.3981 1.3874 Hong Kong Dollar 10.4581 10.4771 10.4271 Russian Rouble 43.31 43.465 43.19 Singapore Dollar 1.7394 1.7453 1.7358 --SPA 15:03 LOCAL TIME 12:03 GMT
This can partly be explained by weak sales in Denmark, unexpectedly high operating costs in the Swedish production and in retail stores in Sweden and Norway because of rising commodity prices and a strong Swedish crown, the bank said.
LONDON, Rajab 1, 1432, Jun 3, 2011, SPA -- Following are the middle exchange rates for leading currencies against the euro, according to Reuters: CURRENT HIGH LOW US Dollar 1.4497 1.4517 1.4458 Japanese Yen 116.89 117.37 116.63 British Pound 0.8878 0.8898 0.8843 Swiss Franc 1.2192 1.2236 1.2177 Danish Crown 7.4549 7.4557 7.4542 Norwegian Crown 7.802 7.8102 7.764 Swedish Crown 9.0014 9.0183 8.9695 Australian Dollar 1.3591 1.3604 1.3537 Canadian Dollar 1.418 1.4188 1.4116 Hong Kong Dollar 11.2765 11.2873 11.2435 Russian Rouble 40.4125 40.455 40.3 Singapore Dollar 1.7861 1.7874 1.7811 REUTERS 1449 030611 --SPA 15:23 LOCAL TIME 12:23 GMT
Despite the higher sales, H&M's profit was pulled down by increased costs and the strong Swedish crown. In addition, the company booked a provision of SEK248m related to the recently started employee incentive programme.
LONDON, Rajab 1, 1432, Jun 3, 2011, SPA -- Following are the middle exchange rates for leading currencies against the dollar, according to Reuters: CURRENT HIGH LOW Euro 1.4499 1.4517 1.4458 Japanese Yen 80.6 81.01 80.49 British Pound 1.6327 1.6379 1.6284 Swiss Franc 0.8409 0.845 0.84 Danish Crown 5.14 5.1552 5.1339 Norwegian Crown 5.378 5.3896 5.3539 Swedish Crown 6.2067 6.2214 6.1788 Australian Dollar 1.0665 1.0714 1.0644 Brazilian Real 1.5755 1.5755 1.5739 Canadian Dollar 0.978 0.9791 0.9742 Hong Kong Dollar 7.7776 7.7784 7.7758 Mexican Peso 11.6437 11.653 11.6187 Russian Rouble 27.868 27.9125 27.8381 Singapore Dollar 1.2324 1.234 1.2306 South African Rand 6.7046 6.7467 6.6531 --SPA 15:23 LOCAL TIME 12:23 GMT
BANKING AND CREDIT NEWS-July 22, 2011--IBRD upsizes Swedish crown bond(C)2011 M2 COMMUNICATIONS http://www.m2.com
According to preliminary figures published today, H&M's second-quarter sales including VAT went up 3% to SEK32.4bn due to the sharp appreciation of the Swedish crown.

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