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krona

C1
UK/ˈkrəʊnə/US/ˈkroʊnə/

Formal, Financial

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Definition

Meaning

The standard monetary unit of Sweden, subdivided into 100 öre.

Primarily denotes the currency of Sweden. Historically, also the currency of Iceland (króna, now independent). It is a symbol of Swedish economic sovereignty and the central bank (Riksbank).

Linguistics

Semantic Notes

Capitalized when referring specifically to the Swedish currency (the Swedish krona), but often lowercased in running financial text. Plural is 'kronor' for the currency, though 'kronas' may be used in English for multiple units (e.g., 'ten kronas').

Dialectal Variation

British vs American Usage

Differences

No significant difference in meaning. Spelling is consistent. Both varieties refer to SEK (Swedish Krona).

Connotations

Neutral, technical financial term. No specific national connotation.

Frequency

Equally low frequency in both varieties, appearing primarily in financial, travel, or economic contexts.

Vocabulary

Collocations

strong
Swedish kronakrona weakenedkrona strengthenedkrona notekrona coin
medium
against the kronaprice in kronorexchange rate for the kronakrona fellkrona rose
weak
strong kronaweak kronavalue of the kronainvest in krona

Grammar

Valency Patterns

The [currency] (krona) is trading at [rate][Amount] [plural form] (kronor/kronas)The [adjective] krona

Vocabulary

Synonyms

Strong

SEK (currency code)

Neutral

SEKSwedish crown

Weak

currencymoney

Usage

Context Usage

Business

Referring to currency exchange, international trade, and forex markets. E.g., 'Hedging against krona volatility.'

Academic

Used in economics papers discussing Scandinavian economies or currency unions.

Everyday

Used by travelers or in news reports about Sweden. E.g., 'How much is that in kronor?'

Technical

In foreign exchange trading (Forex) as the currency pair SEK/XXX (e.g., USD/SEK).

Examples

By Part of Speech

adjective

British English

  • The krona-denominated bond

American English

  • krona-based assets

Examples

By CEFR Level

A2
  • I need to change my euros to krona for my trip to Stockholm.
B1
  • The hotel cost two thousand Swedish kronor per night.
B2
  • Despite global pressures, the krona remained relatively stable against the euro.
C1
  • The Riksbank's intervention temporarily bolstered the weakening krona, but analysts remain sceptical about its long-term trajectory.

Learning

Memory Aids

Mnemonic

Think of a Swedish CROWN (krona means 'crown') on a coin. The Swedish crown is their krona.

Conceptual Metaphor

CURRENCY IS A MEASURING STICK (for value), CURRENCY IS A FLUID (flows, weakens, strengthens).

Watch out

Common Pitfalls

Translation Traps (for Russian speakers)

  • Do not confuse with Russian 'крона' (crown of a tree/head).
  • Do not confuse with Czech/Slovak 'koruna' (their currency).
  • The plural 'kronor' is irregular; avoid direct transliteration to a Russian plural pattern.

Common Mistakes

  • Using 'kronas' as the standard plural (acceptable but 'kronor' is authentic).
  • Confusing it with the Norwegian krone (NOK) or Danish krone (DKK).
  • Mispronouncing as /ˈkrɒnə/ (like 'chronic' without 'ic').

Practice

Quiz

Fill in the gap
The Swedish (abbreviated SEK) has lost ground against the US dollar this quarter.
Multiple Choice

What is the plural form of 'krona' when referring to Swedish currency?

FAQ

Frequently Asked Questions

No. 'Krona' is Swedish. 'Krone' is used for Danish (DKK) and Norwegian (NOK) currencies. They share a common etymological root ('crown') but are distinct currencies.

The official currency code is SEK. Sometimes the abbreviation 'kr' is used locally (e.g., 100 kr). There is no unique graphic symbol like $ or €.

Yes, the Swedish plural 'kronor' is commonly used in English financial contexts. The anglicized plural 'kronas' (e.g., 'ten kronas') is also understood but is less authentic.

No. Sweden is a member of the EU but has opted out of the eurozone and retains the krona as its national currency.