Convert CZK to EUR - Czech koruna to Euro Exchange Rate | FX LeadersFX Leaders
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WHAT IMPACTS THE CZK/EUR EXCHANGE RATE
The CZK/EUR symbol represents the currency pairing of the Czech Koruna against the Euro in the forex market. The Czech Koruna, denoted by the symbol CZK, is the official currency of the Czech Republic, while the Euro (symbol: EUR) is the official currency in use across 19 of 27 member nations of the European Union. The CZK shares a positive correlation with the EUR as the Czech Republic is a member of the EU, and any political or economic developments in the Eurozone also influence the Czech economy and currency.The Czech Republic has an export-oriented economy, and as a result, the value of the CZK is heavily influenced by the country's international trade. Meanwhile, the Euro is the second most popularly traded currency in the forex market and is also considered as a reserve currency, after the US dollar. Owing to the correlation between the CZK and the EUR, this currency pair experiences relatively lower levels of volatility, making it a safe pair for new forex traders to try trading.The exchange rate of CZK/EUR is affected by the market sentiment - a risk-on sentiment triggers buying in the CZK, driving this currency pair bullish. On the other hand, a risk-off sentiment sends traders away from the riskier CZK and towards the relative safety of the EUR instead.
CZK to EUR CONVERSION RATES
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<% amount / currencies.converter.rate |toFixed: 4 %> CZK
CZK to EUR CHARTS
CZK/EUR Live Chart
CZK/EUR Historical Chart
CZK to EUR EXCHANGE RATE - FAQ
What is a good time to trade CZK/EUR?

The CZK/EUR forex pair experiences the maximum volatility during the European session as this is when most market moving events that affect both currencies release. The best time to trade this currency pair would be between 07:00 AM and 04:00 PM GMT.

What economic events impact the exchange rate of CZK/EUR?

The CZK/EUR currency pair experiences considerable volatility on the release of key economic data from the Czech Republic and from the Eurozone, such as GDP, inflation, unemployment rate, retail sales, PPI, business confidence, PMI readings of manufacturing and services sectors and trade balance.

How do central bank decisions affect the CZK/EUR currency rate?

Both the CZK and the EUR see significant fluctuations in value upon the announcement of changes to the monetary policy and interest rates by the Czech National Bank and the European Central Bank respectively. For instance, if the ECB announces a rate hike or tightens its monetary policy, the Euro strengthens, turning this pair bearish, and vice versa.