The term krone is a unit used to measure the value or worth of something. It can refer to several different currencies, depending on the country in which it is being used. For example, in Norway and Denmark, the krone is the official currency, while in Sweden, it refers to an earlier version of their currency that was replaced by the krona. In South Africa, a krone is a unit of account used in conjunction with the rand, which is the country's official currency.