Convert 1 Swedish Krona (SEK) to Canadian Dollar (CAD)
Exchange rates used for currency conversion updated on 19th July 2019 ( 19/07/2019 )
Below you will find the latest exchange rate for exchanging Swedish Krona (SEK) to Canadian Dollar (CAD) , a table containing most common conversions and a chart with the pair's evolution.
The Swedish Krona (SEK) to Canadian Dollar (CAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
The official currency of Sweden is the Swedish krona although the country is expected to convert completely to the euro at some point in the future. Kronas are issued in denominations of SKr 20, 50, 100, 500 and 1,000 and coins are issued in denominations of SKr 1, 5 and 10 as well as 50 ore. Foreign currency exchanges are possible at most banks as well as foreign currency exchange offices located in major cities and at airports, railways and ferry terminals.
About Canadian Dollar (CAD)
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.