Czech Koruna

CZK

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Valuta-referentiecentrum

Available Currency Pairs

Transaction Types

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

Did You Know?

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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.
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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.

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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.
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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 Mei
National Day 28 Okt
Good Friday 30 Mrt
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 Mei
Statehood Day 28 Sep

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

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Currency Reference Guide

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Reference guide

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