Czech Republic

CZK - Czech Koruna
Convertible: Yes - Transferable: Yes - Exchange rate regime: floating
Czech Republic

Type of transactions

FX Spot FX Forward
Delivery date : J; J+1; J+2 Maximum maturity: 12 months
Liquidity: Good Liquidity: Good

EUR/CZK parity: liquidity schedules (GMT)

EUR/CZK parity: liquidity schedules (GMT)

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Monetary Policy

 

  • The Czech National Bank (ČNB) is the central bank of the Czech Republic: its mission 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 on the foreign exchange market.

Particularités et faits marquants

 

  • Between November 2013 and April 2017, the NCB 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.

Regulations

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

Expert opinion

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

Payments in CZK to the Czech Republic

The IBAN format is mandatory. Payment instructions must contain the full name of the beneficiary.

Holidays 2018 (subject to modifications)
New Year’s Day 1 January Burning Stake of John Hus 6 July
Good Friday 30 March Statehood Day 28 September
Easter Monday 2 April National Day 28 October
Labour Day 1 May Freedom and Democracy Day 17 November
Liberation Day 8 May Christmas Day 25 December
Day of Cyrl and Metodej 5 July