What does KRONA mean?

Definition of Krona

1. Parts of Speech: Noun

2. Definition: Krona is the currency of Sweden. It is abbreviated as SEK and is subdivided into 100 öre. The krona is also used in the Faroe Islands and Iceland, although they have their own versions of the currency.

3. Pronunciations: US: /ˈkroʊnə/; UK: /ˈkrəʊnə/

4. Origin and Usage: The krona has been the official currency of Sweden since 1873. The name "krona" comes from the Latin word "corona," which means "crown." The krona has been used in various forms throughout Swedish history, but the modern version was introduced in 1873 when Sweden joined the Scandinavian Monetary Union. The krona has been a floating currency since 1992, meaning its value is determined by supply and demand in the foreign exchange market.

5. Synonyms: Swedish crown, SEK

6. Related Words: rupee, yen, pound, franc, lira

7. Example Sentences:

• She exchanged her US dollars for krona at the airport.
• The krona has been relatively stable against the euro in recent years.
• Many shops in Sweden accept payment in both kronor and euros.