Convert Swedish Krona to Ethiopian Birr
Please provide values below to convert Swedish Krona [SEK] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Swedish Krona.
How to Convert Swedish Krona to Ethiopian Birr
1 SEK = 0.069851402107186 ETB
Example: convert 15 SEK to ETB:
15 SEK = 15 × 0.069851402107186 ETB = 1.04777103160779 ETB
Swedish Krona to Ethiopian Birr Conversion Table
| Swedish Krona | Ethiopian Birr |
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Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.