Convert Swedish Krona to Tanzanian Shilling
Please provide values below to convert Swedish Krona [SEK] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Swedish Krona.
How to Convert Swedish Krona to Tanzanian Shilling
1 SEK = 0.00371356027879152 TZS
Example: convert 15 SEK to TZS:
15 SEK = 15 × 0.00371356027879152 TZS = 0.0557034041818728 TZS
Swedish Krona to Tanzanian Shilling Conversion Table
| Swedish Krona | Tanzanian Shilling |
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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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.