Czech Koruna (CZK)

Czechia — Czech National Bank

Czech koruna — Central European currency known for the CNB's active and unconventional policy toolkit.

FX Session:
London
CZK/USD
0.04774
CZK/USD Exchange Rate
Economic Indicators
Indicator Latest Previous Change Date
Inflation 2.3 2.8 -0.50 2025-05-31
Gdp 52032.6 52452.9 -420.30 2025-06-30
Unemployment 2.8 2.9 -0.10 2025-06-30
Retail Sales 1.68 5.53 -3.85 2026-01-31
Ppi -0.9 -0.8 -0.10 2025-05-31
Czech National Bank Press Releases
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CZK Quick Links
CZK Pairs

About the Czech Koruna (CZK)

The Czech koruna (CZK) is the official currency of the Czech Republic. It is one of the most actively traded Central European currencies and the Czech National Bank (CNB) is well known for its willingness to use unconventional tools — including a multi-year EUR/CZK floor used between 2013 and 2017.

Czech National Bank: monetary policy framework

The Czech National Bank (CNB) Bank Board sets the two-week repo rate at eight scheduled meetings per year and targets 2% CPI inflation with a ±1 percentage-point tolerance. The CNB publishes a quarterly Monetary Policy Report.

What moves the CZK?

  • CNB repo-rate decisions and Bank Board press conferences.
  • Czech CPI and core CPI excluding food and energy.
  • Eurozone growth and the ECB stance.
  • CNB FX intervention and reserve management.
  • Cross-CE3 moves (EUR/PLN, EUR/HUF, EUR/CZK).
  • Risk-on / risk-off rotations in EM Europe.

Key data and events to watch

  • CNB repo-rate decision and post-meeting press conference.
  • Czech CPI flash and final.
  • CNB Monetary Policy Report.
  • Eurozone PMIs and German industrial data.
  • EUR/CZK as the dominant trading pair.

Frequently asked questions about the Czech Koruna

What was the EUR/CZK floor?
From November 2013 to April 2017, the CNB committed to keeping EUR/CZK above 27.00 to combat deflation, intervening in the FX market as needed. It was one of the longest-running unconventional FX commitments by a developed-market central bank in modern history.
Will the Czech Republic adopt the euro?
The Czech Republic is legally required to adopt the euro under its EU accession treaty but has no formal target date. Successive governments have postponed adoption, and entry remains a long-term political decision.
How often does the CNB meet?
The CNB Bank Board makes eight scheduled monetary-policy decisions per year, with quarterly meetings accompanied by a Monetary Policy Report and press conference.
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