Course CHF(Swiss Franc)-SEK(Swedish Krona) for today
Quotes CHF/SEKfor today .
Chart Swiss Franc Swedish Krona
Online Cross Course CHF SEK
Importance of the Swiss Franc The Swiss Franc has a reputation for being a safe haven or hard currency; it is often purchased during financial uncertainty due to its reliability and stability. Regularly used as a global reserve currency, the Swiss Franc is the sixth most traded currency in the world. All CHF banknotes feature the four national languages of Switzerland: Germany, Romansh, French, and Italian.
- Central bank: The Swiss National Bank
- The Swiss Franc (also called Swissie or Swissy) is the currency of Switzerland, Lichtenstein, and the Italian municipality of Campione d'Italia (a small enclave in the south).
- Switzerland's per capita GDP is among the highest in the world. The country’s economy benefits from a highly developed service sector, led by financial services, and a sophisticated high-tech manufacturing industry.
- Most Swiss economic practices conform to those of the surrounding European Union.
Early Currency in Sweden During the medieval period, Sweden used silver currency. In 1625, however, copper coins were introduced and the currency system was switched to a bimetallic standard. In 1745, Sweden suspended its copper standard, issued irredeemable banknotes, and imposed an in-convertible paper standard. Due to inflation and major economic problems, the currency depreciated and Sweden returned to the silver standard system in 1776.
- Central bank: Sveriges Riksbank (Swedish National Bank).
- The Swedish krona (meaning “crown”) is a floating currency.
- Sweden is required to adopt the euro at some point, but has not met preconditions to join ERM II and peg the krona to the euro. Swedes rejected adopting the euro in a 2003 referendum.
- Sweden has a modern, high-tech market economy. Exports include machinery (35%), motor vehicles, paper products, pulp and wood, iron and steel, chemicals.