Convert Israeli New Sheqel to Swedish Krona
Please provide values below to convert Israeli New Sheqel [ILS] to Swedish Krona [SEK], or Convert Swedish Krona to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Swedish Krona
1 ILS = 0.350470961725847 SEK
Example: convert 15 ILS to SEK:
15 ILS = 15 × 0.350470961725847 SEK = 5.2570644258877 SEK
Israeli New Sheqel to Swedish Krona Conversion Table
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
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.