Convert Icelandic Krona to Swedish Krona
Instantly convert Icelandic Krona (kr) to Swedish Krona (kr) with our free online calculator.
Reference Table
| Icelandic Krona (kr) | Swedish Krona (kr) |
|---|---|
| 1 | 1 |
| 5 | 5 |
| 10 | 10 |
| 50 | 50 |
| 100 | 100 |
| 1000 | 1000 |
How to Convert Icelandic Krona to Swedish Krona
Live Exchange Rate Conversion
Convert Icelandic Krona (kr) to Swedish Krona (kr) using live exchange rates updated hourly. The rate reflects the current mid-market price — the most accurate reference for currency comparison.
Step-by-Step
- Open the KR to KR converter above.
- Enter the amount you want to convert in the KR (Icelandic Krona) input field.
- The converter fetches the latest exchange rate and instantly shows the equivalent value in KR (Swedish Krona).
- Use the swap button to reverse the conversion direction if needed.
About Icelandic Krona (kr)
The Icelandic Króna (ISK, ISO 4217 code 352, symbol kr) is the official currency of Iceland, issued by the Central Bank of Iceland (Seðlabanki Íslands, est. 1961). Subdivided into 100 aurar (singular: eyrir, plural: aurar — no longer in circulation since 2003). Banknotes: kr500 (poetess Jónas Hallgrímsson), kr1,000 (Bishop Brynjólfur Sveinsson), kr2,000 (painter Jóhannes Sveinsson Kjarval), kr5,000 (suffragist Ragnheiður Jónsdóttir), kr10,000 (poet Jónas Hallgrímsson, introduced October 2013 — the highest denomination); coins: kr1, kr5, kr10, kr50, kr100. The króna was famously the only OECD national currency to declare formal default during the Global Financial Crisis — Iceland's three largest banks (Glitnir, Landsbanki, Kaupthing) collapsed October 2008, ISK lost ~50% of its value, and Iceland imposed capital controls (lifted gradually 2016-2017). Iceland is not in the EU (twice rejected EU accession — 2002 referendum, 2013 accession freeze under PM Gunnlaugsson) and uses ISK as its sole legal tender. The Seðlabanki targets 2.5% CPI inflation per the Inflation-Targeting framework adopted March 2001. Iceland has ~390,000 population and is one of the world's wealthiest per-capita nations.
About Swedish Krona (kr)
The Swedish Krona (SEK, ISO 4217 code 752, symbol kr) is the official currency of Sweden, issued by the Sveriges Riksbank (est. 1668 — the world's oldest still-operating central bank, predating the Bank of England by 26 years). Subdivided into 100 öre (the 5 öre coin was last used 1972, then 25/50 öre to 2010). Banknotes: 20 kr (Astrid Lindgren), 50 kr (Evert Taube), 100 kr (Greta Garbo), 200 kr (Ingmar Bergman), 500 kr (Birgit Nilsson — the most valuable opera-soprano-featuring banknote in Europe), 1000 kr (Dag Hammarskjöld); coins: 1 kr, 2 kr, 5 kr, 10 kr. Sweden joined the EU in 1995 but voted against joining the Eurozone in a 2003 referendum (56% No). Sweden is one of the world's most cash-light societies — over 80% of transactions are cashless per Riksbank surveys, and the Riksbank operates a CBDC pilot called the e-krona (Phase 4 ongoing 2024). The Riksbank targets 2% CPI inflation per its 1993 inflation-targeting framework.
Quick Facts
- Icelandic Krona (KR) is a currency unit
- Swedish Krona (KR) is a currency unit
- Exchange rates are updated hourly from live market data
- Rates shown are mid-market (interbank) rates
- This conversion is commonly used in international travel, online shopping, and business transactions
- Use the swap button to convert KR back to KR
Understanding Icelandic Krona
The Icelandic Krona (symbol: kr) is a unit of currency. The Icelandic Króna (ISK, ISO 4217 code 352, symbol kr) is the official currency of Iceland, issued by the Central Bank of Iceland (Seðlabanki Íslands, est. 1961). Subdivided into 100 aurar (singular: eyrir, plural: aurar — no longer in circulation since 2003). Banknotes: kr500 (poetess Jónas Hallgrímsson), kr1,000 (Bishop Brynjólfur Sveinsson), kr2,000 (painter Jóhannes Sveinsson Kjarval), kr5,000 (suffragist Ragnheiður Jónsdóttir), kr10,000 (poet Jónas Hallgrímsson, introduced October 2013 — the highest denomination); coins: kr1, kr5, kr10, kr50, kr100. The króna was famously the only OECD national currency to declare formal default during the Global Financial Crisis — Iceland's three largest banks (Glitnir, Landsbanki, Kaupthing) collapsed October 2008, ISK lost ~50% of its value, and Iceland imposed capital controls (lifted gradually 2016-2017). Iceland is not in the EU (twice rejected EU accession — 2002 referendum, 2013 accession freeze under PM Gunnlaugsson) and uses ISK as its sole legal tender. The Seðlabanki targets 2.5% CPI inflation per the Inflation-Targeting framework adopted March 2001. Iceland has ~390,000 population and is one of the world's wealthiest per-capita nations.
Icelandic Krona are commonly used in international travel, online shopping, and business transactions.
Understanding Swedish Krona
The Swedish Krona (symbol: kr) is a unit of currency. The Swedish Krona (SEK, ISO 4217 code 752, symbol kr) is the official currency of Sweden, issued by the Sveriges Riksbank (est. 1668 — the world's oldest still-operating central bank, predating the Bank of England by 26 years). Subdivided into 100 öre (the 5 öre coin was last used 1972, then 25/50 öre to 2010). Banknotes: 20 kr (Astrid Lindgren), 50 kr (Evert Taube), 100 kr (Greta Garbo), 200 kr (Ingmar Bergman), 500 kr (Birgit Nilsson — the most valuable opera-soprano-featuring banknote in Europe), 1000 kr (Dag Hammarskjöld); coins: 1 kr, 2 kr, 5 kr, 10 kr. Sweden joined the EU in 1995 but voted against joining the Eurozone in a 2003 referendum (56% No). Sweden is one of the world's most cash-light societies — over 80% of transactions are cashless per Riksbank surveys, and the Riksbank operates a CBDC pilot called the e-krona (Phase 4 ongoing 2024). The Riksbank targets 2% CPI inflation per its 1993 inflation-targeting framework.
Swedish Krona are commonly used in international travel, online shopping, and business transactions.
Why Convert Icelandic Krona to Swedish Krona?
When travelling abroad, shopping from international retailers, or managing cross-border business payments, converting between Icelandic Krona and Swedish Krona is an everyday necessity. Freelancers invoicing international clients, investors monitoring foreign markets, and students comparing cost-of-living data all benefit from instant, accurate currency conversion with live exchange rates.
Frequently Asked Questions
How do I convert Icelandic Krona to Swedish Krona?
Enter any KR amount in the converter above. It automatically fetches the latest exchange rate and instantly calculates the equivalent KR value. No manual calculation is needed.
How often is the KR/KR exchange rate updated?
MegaCalc updates currency exchange rates hourly from live market data. The rate displayed reflects the current mid-market rate at the time of conversion.
What is the mid-market KR/KR exchange rate?
The mid-market rate is the midpoint between the buy and sell prices on the global foreign exchange market. It is the most accurate reference rate for comparing currencies. Banks and exchange services add a spread on top of this rate, so the rate you receive at a bank or airport will differ slightly.
Can I convert KR back to KR?
Yes. Use the swap button on the converter to reverse the conversion direction and calculate KR to KR instantly at the current exchange rate.
Why do I need to convert Icelandic Krona to Swedish Krona?
KR to KR conversions are needed for international travel, online shopping from foreign retailers, cross-border business payments, and comparing prices or costs across countries. Investors and freelancers working with multiple currencies also rely on accurate exchange rate data for financial planning.