EURUSD 1.1663 USDJPY 111.11 USDCAD 1.2539 EURCZK 26.044 USDCZK 22.325 EURPLN 4.2624 USDPLN 3.6542
EURUSD 1.1663 USDJPY 111.11 USDCAD 1.2539 EURCZK 26.044 USDCZK 22.325 EURPLN 4.2624 USDPLN 3.6542

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The Czech Republic has not yet adopted the euro, but it is strongly economically related with the eurozone

USDCZK
Bid / Ask: 22.32450 / 22.36150
Price change: 0.06100 (0.27%)
Opening price: 22.38550
Maximum price: 22.40250
Minimum price: 22.28050
Display period:
Chart type:

Rule of thumb

Close trading links between the Czech Republic and the  euro zone are reflected in the sentiment towards the Czech koruna

 

Generally, a stronger euro favours the Czech koruna in respect to the US dollar

The USDCZK indicates the value of one US Dollar in Czech Korunas. The Czech Koruna, being the currency of the Czech Republic (since 1993 - previously Czechoslovak koruna), is one of the next countries planned to adopt the euro. 

 

However, the plans are suspended for the time being with no target date for adoption. Nevertheless, the Czech currency is correlated with the euro due to  close trade links between the Czech Republic and the  Euro zone. Because of this relationship, a negative correlation of the USDCZK  and EURUSD is observable.

 

The US dollar is the world's most traded currency, participating in 85% of the FOREX transactions. It is also used for settlement transactions in commodity markets. The US currency is also treated as a reserve currency held by many different central banks in the world, and used for international trade and/or monetary policy purposes.

 

The USDCZK market is prone to the economic events in the United States and Czech Republic. Its impact on this currency pair is also affected by  the situation on the EURUSD market.

Pola oznaczone gwiazdką są wymagane.

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