1 New Zealand Dollar to Czech Korunas

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

Countries That Use New Zealand Dollar (NZD) as their official currency

The New Zealand Dollar (NZD) is used as the main currency in the following countries: Cook Islands, New Zealand, Niue, Pitcairn Islands

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 New Zealand Dollar (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 New Zealand Dollar (NZD)

The NZD - New Zealand Dollar - is the official currency of New Zealand, as well as the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. The New Zealand Dollar is symbolized by '$' or 'NZ$' to distinguish it from other dollar-denominated currencies and is abbreviated as 'NZD.' It is also colloquially known as the 'Kiwi Dollar,' in reference to the kiwi bird, a national symbol of New Zealand. The NZD is subdivided into 100 cents and plays a crucial role in supporting the country's diverse economy, known for its agriculture, tourism, and services sectors.

The New Zealand Dollar was introduced in 1967, replacing the New Zealand Pound at a rate of two dollars per pound as part of a move towards decimalization. This transition aligned New Zealand's currency system with many other countries that had already adopted decimal-based systems. Since its introduction, the NZD has evolved to become one of the most traded currencies in the world, particularly among commodity-linked currencies. The strength of the New Zealand Dollar reflects the country’s economic resilience, stable financial system, and strong trade relationships with major economies, particularly Australia, China, and the United States.

The Reserve Bank of New Zealand (RBNZ) is the central bank responsible for issuing the New Zealand Dollar and managing the country's monetary policy. Established in 1934, the RBNZ plays a key role in maintaining price stability, managing inflation, and promoting sustainable economic growth. The central bank sets interest rates and oversees the financial system to ensure that the NZD remains stable and trusted. The NZD is a free-floating currency, with its value determined by supply and demand in the global foreign exchange market. The Reserve Bank also intervenes in the forex market when necessary to stabilize the currency during periods of excessive volatility.

The New Zealand Dollar is issued in both coin and banknote forms. Coins are available in denominations of 10, 20, and 50 cents, as well as 1 and 2 dollars. Banknotes are issued in denominations of 5, 10, 20, 50, and 100 dollars. The banknotes feature notable figures from New Zealand’s history, including Sir Edmund Hillary, the first person to reach the summit of Mount Everest, and Kate Sheppard, a leader in the women's suffrage movement. The reverse sides of the banknotes include imagery depicting New Zealand's unique flora, fauna, and natural landmarks, such as the yellow-eyed penguin and Mount Cook. The banknotes are made from polymer and include advanced security features, making them durable and resistant to counterfeiting.

New Zealand’s economy is diverse and heavily reliant on agriculture, with key exports including dairy, meat, and wine. Tourism is also a major contributor to the economy, with millions of visitors attracted each year by New Zealand's breathtaking landscapes, adventure activities, and rich cultural heritage. The New Zealand Dollar plays an essential role in supporting these industries, facilitating both domestic trade and international exports. The NZD is often influenced by global commodity prices, particularly dairy, as New Zealand is one of the world’s largest dairy exporters. Its value is also impacted by economic data, interest rate decisions, and global trade dynamics.

The New Zealand Dollar is used throughout New Zealand for all types of transactions, from everyday purchases at local markets to large business transactions in major cities like Auckland and Wellington. Tourists visiting New Zealand will use the NZD for their travel expenses, including exploring popular destinations like Milford Sound, Rotorua’s geothermal wonders, and the vibrant city life of Queenstown. The NZD serves as a practical currency for day-to-day life and a symbol of New Zealand’s natural beauty, cultural identity, and economic independence.

Despite being a relatively small economy, New Zealand has a significant place in global trade, and the New Zealand Dollar is an important part of the international financial system. The country’s stable political environment, transparent regulatory framework, and emphasis on sustainability have helped the NZD maintain its value and attractiveness to investors. As New Zealand continues to develop its economy, with a focus on innovation, green energy, and sustainable growth, the New Zealand Dollar remains a symbol of the country's resilience, progress, and commitment to maintaining a prosperous and open economy.

New Zealand Dollar (NZD) Frequently Used Conversions