Czech Koruna

CZK

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Currency Reference Centre

Available Currency Pairs

EURCZK

View EUR

USDCZK

View USD

GBPCZK

View GBP

CHFCZK

View CHF

AEDCZK

View AED

AUDCZK

View AUD

CADCZK

View CAD

CNYCZK

View CNH/CNY

CZKHUF

View HUF

CZKMXN

View MXN

CZKJPY

View JPY

CZKTHB

View THB

DKKCZK

View DKK

HKDCZK

View HKD

ILSCZK

View ILS

NOKCZK

View NOK

NZDCZK

View NZD

PLNCZK

View PLN

RONCZK

View RON

SEKCZK

View SEK

SGDCZK

View SGD

Transaction Types

FX SPOT
Delivery date: T+1; T+2
Liquidity: High
FX FORWARD
Maximum maturity: 24 months
Liquidity: High

Did You Know?

plus-icon

Monetary policy

  • The Czech National Bank (ČNB) is the central bank of Czech Republic. Its objective is to maintain non-inflationary growth of the economy, as well as the supervision of the country’s banks.
  • Price setting method: the floating exchange rate is described as supervised”. The ČNB reserves the right to intervene in a targeted way in the foreign exchange market.
plus-icon

Features and highlights

Between November 2013 and April 2017, the ČNB maintained an asymmetric exchange rate regime on the market. In order to protect the competitiveness of the Czech economy, a EUR/CZK floor rate of 27.00 was set during this period.

plus-icon

Expert opinion

  • In spite of an active exchange rate policy of the ČNB, the CZK shows stability against the EUR in comparison with other currencies of Eastern Europe.
plus-icon

Regulations

There are no special restrictions on the purchase and sale of CZK.

Important Information

PAYMENTS IN CZK TO THE CZECH REPUBLIC

The IBAN format is mandatory. Payment instructions must contain:

  • The full name of the beneficiary.

Keep In Mind

PUBLIC HOLIDAYS

New Year’s Day 1 Jan
Liberation Day 8 May
National Day 28 Oct
Good Friday 30 Mar
Day of Cyrl and Metodej 5 Jul
Freedom and Democracy Day 17 Nov
Easter Monday 2 Apr
Burning Stake of John Hus 6 Jul
Christmas Day 25 Dec
Labour Day 1 May
Statehood Day 28 Sep

When a holiday falls on a weekend, the next business day becomes a holiday

Resource PDF image

Currency Reference Guide

Get the full currency reference guide, updated by the iBanFirst currency market experts

Reference guide