Swedish Krona (kr) to Canadian Dollar (CA$) Conversion

Swedish Krona

The Swedish Krona (SEK) is the official currency of Sweden. Sweden is a member of the EU but has not adopted the Euro following a 2003 referendum. The Riksbank, the world's oldest central bank (founded 1668), manages monetary policy. Sweden has a highly export-oriented economy with major industries in telecommunications, automotive, and pharmaceuticals. The krona is one of the most actively traded Scandinavian currencies and is sensitive to global risk sentiment given Sweden's open, trade-dependent economy.

Canadian Dollar

The Canadian Dollar (CAD) is the official currency of Canada and the sixth most traded currency in global foreign exchange markets. Often called the "loonie" after the loon bird on its one-dollar coin, the CAD is closely correlated with commodity prices — particularly oil, as Canada is one of the world's largest oil exporters. The Bank of Canada manages monetary policy independently of the US Federal Reserve, though the close trade relationship between Canada and the United States means the CAD/USD rate is one of the most watched currency pairs.

Convert Swedish Krona (kr) to other units of Currency