The Scandinavian Monetary Union was a monetary union formed by Sweden and Denmark on 5 May 1873, by fixing their currencies against the gold standard at par to each other. Norway, which was in union with Sweden entered the union two years later, in 1875 by pegging its currency to gold at the same level as Denmark and Sweden (.403 grams [https://web.archive.org/web/20131103214722/http://www.nationalbanken.dk/dnuk/hist.nsf/side/From_silver_standard_to_gold_standard]). The monetary union was one of the few tangible results of the Scandinavian political movement of the 19th century.