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base info Tether USDt

Tether USDt to Swedish Krona Converter and calculator

Convert 1Tether USDt (USDT) to Swedish Krona (SEK) equals kr 10.92 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Tether USDt(USDT) to Swedish Krona(SEK). This is the real-time data. The current conversion shows 1 USDT at a value of 1 USDT for 10.92 SEK . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

SEK information

About the Swedish Krona (SEK)

What Is the Swedish Krona (SEK)?

The Swedish Krona (SEK), often referred to as the Swedish crown, is the official currency of Sweden. The term "krona" means "crown" in Swedish, which is a fitting name for the currency of the Kingdom of Sweden. The SEK is represented by the ISO code SEK and each krona is subdivided into 100 öre. The Swedish Krona is the sole legal tender in Sweden, and it is used for all transactions within the country.

The Swedish Krona (SEK) is issued by Sveriges Riksbank, also known as the Swedish Central Bank or Riksbanken. Sveriges Riksbank is the central bank of Sweden and is responsible for issuing the country's currency, including both banknotes and coins. As the central bank, Riksbanken also plays a key role in maintaining the stability of the Swedish financial system and implementing the country's monetary policy.

What Is the History of SEK?

The adoption of the Krona was a result of the Scandinavian Monetary Union formed in 1876, which included Sweden, Denmark, and Norway. Initially, the Krona was linked to the gold standard, with its value defined as 1/2480 kilograms of pure gold. This union lasted until the outbreak of World War I, after which the countries retained the currency names but moved to separate currencies.

Notes and Coins of SEK

Coins are issued in denominations of 1, 2, 5, and 10 kronor, reflecting a blend of traditional and modern design elements that symbolize Sweden's rich heritage and progressive values. The banknotes, on the other hand, are available in denominations of 20, 50, 100, 200, 500, and 1000 kronor, each featuring notable Swedish figures and cultural landmarks, and are renowned for their advanced security features.

What Is e-Krona?

In recent years, Sweden has seen a substantial decline in the use of cash, leading to the exploration of a digital currency, the e-Krona. The digital currency is operated by the Riksbank. The concept of the e-Krona is to offer a state-issued digital currency, accessible to everyone, and functioning alongside traditional banknotes and coins. The e-Krona would not replace cash but rather serve as an additional payment option, ensuring the public's continued access to state money in a digital form. It's designed to strengthen the resilience of the payment market by providing an alternative to private money, such as bank deposits, and to foster financial inclusion. The Riksbank has been actively exploring various technical solutions for the e-Krona and examining legal aspects to ensure a clear mandate for its issuance.

Why Does Sweden Not Use the Euro?

Sweden has not adopted the Euro as its currency due to the outcome of a 2003 referendum in which the majority of Swedish voters, approximately 56%, opposed the switch from the Swedish Krona to the Euro. This decision was influenced by several factors, including concerns about losing control over national monetary policy and the desire to preserve the Krona as a symbol of national sovereignty. Economic considerations also played a significant role, as there were apprehensions about the potential impact on inflation and interest rates, coupled with the strong performance of the Swedish economy and the Krona compared to some Eurozone countries.

Is SEK a Stable Currency?

The Swedish Krona (SEK) is generally considered a stable currency. This stability is attributed to Sweden's robust economy, effective monetary policies, and a strong institutional framework. The Riksbank, Sweden's central bank, plays a crucial role in maintaining this stability through its monetary policy decisions. Historically, the SEK has shown resilience in the face of global economic uncertainties, and its value has been relatively stable compared to other major currencies. The economic outlook for Sweden often influences the Krona's strength, and the country's commitment to maintaining a balanced budget and low public debt contributes to the currency's stability. While all currencies are subject to market fluctuations, the SEK's stability is supported by Sweden's solid economic fundamentals and prudent fiscal policies.

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Bitget crypto-to-fiat exchange data shows that the most popular Tether USDt currency pair is the USDT to SEK, with for Tether USDt's currency code being USDT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for SEK.

USDT to SEK conversion rate trend

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In the past 1D, Tether USDt has changed +0.01% to SEK. Based on the trend and price charts, Tether USDt(USDT) has changed +0.01% to SEK while Swedish Krona(SEK) has changed % to USDT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
kr10.92
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/04/20 17:16:31(UTC+0)

What factors influence the conversion rate of Tether USDt to Swedish Krona?

Tether USDt to Swedish Krona is rising this week.
Tether USDt's current market price is kr 10.92 per USDT, with a total market cap of kr 1,198,020,740,873.64 SEK based on a circulating supply of 109,714,380,000 USDT. The trading volume of Tether USDt has changed by -43.92% (kr -397,852,608,652.89 SEK) in the last 24 hours. Last trading day, USDT's trading volume was kr 905,812,114,723.06.
Market cap
$109.77B
24h volume
$46.54B
Circulating supply
109.71B USDT

Conversion tables

The exchange rate of Tether USDt is increasing.
1 USDT is currently valued at kr 10.92 SEK , which means buying 5 USDT will cost kr 54.6 SEK . Similarly, kr1 SEK can be traded for 0.09158 USDT, and kr50 SEK can be converted to 4.58 USDT, excluding any platform or gas fees.
The exchange rate of 1 USDT to Swedish Krona has changed by +0.04% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.01%, reaching a high of 10.93 SEK and a low of 10.91 SEK . One month ago, the value of 1 USDT was kr 10.91 SEK , which represents a +0.08% change from its current value. Over the last year, Tether USDt has changed by
+kr
0.005248SEK
, resulting in a change of +0.05% in its value.

USDT to SEK

Amount
17:16 today
0.5 USDT
kr5.46
1 USDT
kr10.92
5 USDT
kr54.6
10 USDT
kr109.19
50 USDT
kr545.97
100 USDT
kr1,091.95
500 USDT
kr5,459.73
1000 USDT
kr10,919.45

SEK to USDT

Amount17:16 today
0.5SEK0.04579  USDT
1SEK0.09158  USDT
5SEK0.4579  USDT
10SEK0.9158  USDT
50SEK4.58  USDT
100SEK9.16  USDT
500SEK45.79  USDT
1000SEK91.58  USDT
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Today vs. 24 hours ago

Amount17:16 today24 hours ago24h change
0.5 USDT$0.5003$0.5002
+0.01%
1 USDT$1$1
+0.01%
5 USDT$5$5
+0.01%
10 USDT$10.01$10
+0.01%
50 USDT$50.03$50.02
+0.01%
100 USDT$100.05$100.04
+0.01%
500 USDT$500.27$500.21
+0.01%
1000 USDT$1,000.54$1,000.41
+0.01%

Today vs. 1 month ago

Amount17:16 today1 month ago1M change
0.5 USDT$0.5003$0.4999
+0.08%
1 USDT$1$0.9997
+0.08%
5 USDT$5$5
+0.08%
10 USDT$10.01$10
+0.08%
50 USDT$50.03$49.99
+0.08%
100 USDT$100.05$99.97
+0.08%
500 USDT$500.27$499.86
+0.08%
1000 USDT$1,000.54$999.73
+0.08%

Today vs. 1 year ago

Amount17:16 today1 year ago1Y change
0.5 USDT$0.5003$0.5000
+0.05%
1 USDT$1$1
+0.05%
5 USDT$5$5
+0.05%
10 USDT$10.01$10
+0.05%
50 USDT$50.03$50
+0.05%
100 USDT$100.05$100.01
+0.05%
500 USDT$500.27$500.03
+0.05%
1000 USDT$1,000.54$1,000.06
+0.05%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.