1 Euro to Czech Korunas

Find the daily exchange rates for EUR/CZK and for all the top World currencies.

Countries That Use Euro (EUR) as their official currency

The Euro (EUR) is used as the main currency in the following countries: Akrotiri and Dhekelia, Andorra, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Latvia, Luxembourg, Malta, Monaco, Montenegro, Portugal, San Marino, Slovakia, SloveniaSpain, Vatican City, Netherlands

Countries That Use Czech Koruna (CZK) as their official currency

The Czech Koruna (Czech Koruna) is used as the main currency in the following countries: Czech Republic

About The Euro (CZK)

The CZK - Czech Koruna - is the official currency of the Czech Republic, a country known for its rich history, stunning architecture, and vibrant cultural heritage in Central Europe. The Czech Koruna is symbolized by 'Kč' and is subdivided into 100 smaller units called 'haléř.' The word 'Koruna' means 'crown' in Czech, reflecting a historical association with monarchy, similar to other European currencies named after crowns. The CZK is an important symbol of the Czech Republic’s economic independence and is widely used in daily transactions throughout the country.

The Czech Koruna was introduced on February 8, 1993, following the peaceful dissolution of Czechoslovakia into two separate nations: the Czech Republic and Slovakia. Before this split, the Czechoslovak Koruna was used across both countries. The introduction of the Czech Koruna marked the beginning of a new chapter in the country’s history, with a currency that would serve the needs of the independent Czech economy. Since its introduction, the Koruna has remained a strong and stable currency, reflecting the solid economic foundations of the Czech Republic.

The Czech Republic has a developed and diverse economy, driven by manufacturing, automotive production, engineering, and tourism. The Czech Koruna plays a vital role in supporting this economy, which is one of the most prosperous in Central and Eastern Europe. The value of the CZK is influenced by factors such as foreign investment, trade relations, and the performance of the Eurozone, given that the Czech Republic is heavily integrated into European markets. The country is a member of the European Union but has not adopted the Euro, opting instead to maintain its national currency.

The Czech Koruna is issued in both coin and banknote forms by the Czech National Bank (Česká národní banka), which is responsible for managing monetary policy and ensuring financial stability. Coins are available in denominations of 1, 2, 5, 10, 20, and 50 Korun, while banknotes are issued in values of 100, 200, 500, 1,000, 2,000, and 5,000 Korun. The banknotes feature portraits of significant figures from Czech history, such as Charles IV, who was Holy Roman Emperor and King of Bohemia, and Božena Němcová, a prominent writer. The banknotes also showcase cultural symbols, historical landmarks, and architectural achievements that reflect the Czech Republic's rich heritage.

The Czech Koruna is a free-floating currency, with its value determined by the foreign exchange market. The Czech National Bank occasionally intervenes in the currency market to stabilize the Koruna during periods of excessive volatility or to support monetary policy objectives. This approach has contributed to maintaining the stability of the CZK and has helped keep inflation under control, which is important for the Czech Republic's export-driven economy.

The Koruna is used throughout the Czech Republic for all types of transactions, from buying everyday items in local markets to paying for services and goods in the thriving tourism industry. Visitors to the Czech Republic will use the Koruna when exploring famous attractions such as Prague Castle, the Charles Bridge, and the historic spa towns. The currency is an essential part of daily life, and its vibrant designs reflect the Czech Republic's cultural identity, historical pride, and architectural beauty.

Despite being a relatively small country, the Czech Republic has a significant place in the European economy, and the Czech Koruna is a testament to the country’s financial resilience and economic development. The Czech Republic’s strategic location in Europe, combined with its skilled workforce and strong industrial base, has made the Koruna an important currency for regional trade and investment. As the country continues to grow and integrate further with European markets, the CZK remains a symbol of the Czech Republic's sovereignty, stability, and economic success.

About The Euro (EUR)

The EUR - Euro - is the official currency of the Eurozone, which consists of 20 of the 27 member states of the European Union (EU). It is symbolized by '€' and is abbreviated as 'EUR.' The Euro is the second most traded currency in the world, after the US Dollar, and is used by over 340 million people across Europe. The Euro plays a crucial role in unifying European economies, promoting trade, and providing financial stability across the member nations. The name 'Euro' was officially adopted in 1995, and the currency was introduced in 1999 for electronic transactions, with physical banknotes and coins entering circulation in 2002.

The introduction of the Euro marked a significant step toward European integration, enabling easier trade and travel between member countries. It replaced national currencies such as the Deutsche Mark, French Franc, Italian Lira, and Spanish Peseta, among others. The adoption of a single currency aimed to eliminate exchange rate fluctuations, reduce transaction costs, and strengthen economic ties within the European Union. The Euro is managed by the European Central Bank (ECB), which works alongside the national central banks of the Eurozone countries to formulate and implement monetary policy, maintain price stability, and support economic growth.

The Euro is issued in both coin and banknote forms, each of which is uniform across the Eurozone. Coins are available in denominations of 1, 2, 5, 10, 20, and 50 cents, as well as 1 and 2 Euro coins. Each coin has a common European design on one side and a country-specific design on the other, reflecting both unity and the unique national identities of the member countries. Banknotes are issued in denominations of 5, 10, 20, 50, 100, 200, and 500 Euros, although the 500 Euro note is being gradually phased out due to concerns over its use in illegal activities. The banknotes feature architectural styles from different periods of European history, symbolizing openness, cooperation, and progress across the continent.

The Euro plays a key role in international trade, not only within Europe but globally. Many countries outside of the Eurozone use the Euro as an anchor currency or hold significant reserves of it due to its stability and importance in global finance. The Euro's value is influenced by a wide range of factors, including monetary policy decisions by the ECB, economic data from major Eurozone countries, political stability, and international trade dynamics. The Eurozone's collective economic strength, which includes major economies like Germany, France, Italy, and Spain, helps to sustain the Euro's position as a dominant global currency.

The Euro is used in everyday transactions across the Eurozone, from buying groceries in local markets to paying for services and travel across borders. Tourists traveling throughout Europe benefit significantly from the Euro, as it eliminates the need for currency exchange between member states, making travel and commerce more convenient. The adoption of the Euro has helped create a sense of shared European identity and has made it easier for citizens to work, live, and study across different countries within the Eurozone.

Despite its many benefits, the Euro has faced challenges since its introduction, particularly during the European debt crisis of the early 2010s, which exposed the difficulties of having a shared currency without full fiscal integration. The crisis led to the introduction of stricter fiscal rules and the establishment of financial safety nets, such as the European Stability Mechanism (ESM), to support struggling economies and maintain financial stability. The Euro has since demonstrated its resilience, adapting to economic challenges and continuing to serve as a symbol of European unity, cooperation, and economic strength.

Today, the Euro remains a vital part of the global financial system, representing not only the economic power of the Eurozone but also the vision of a united Europe. It stands as a testament to the collective aspirations of the member nations to foster economic growth, enhance cooperation, and ensure financial stability for all. The Euro is more than just a currency; it is a powerful symbol of European solidarity and integration, embodying the ideals of a continent that values openness, progress, and shared prosperity.

Euro (EUR) Frequently Used Conversions