CZKCzech KorunaCzech Koruna (CZK)
The Czech koruna is Czechia's national currency and a significant Central European unit within the European Union but outside the euro area.
- ISO code
- CZK
- Symbol
- Kč
- Region
- Europe
- Currency type
- Fiat currency
- Exchange system
- The Czech National Bank issues koruna banknotes and coins and conducts independent inflation-targeting monetary policy.
- Last reviewed
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Quick facts
CZK at a glance
Currency profile
How CZK works
The Czech koruna is Czechia's national currency and a significant Central European unit within the European Union but outside the euro area.
The Czech National Bank issues koruna banknotes and coins and conducts independent inflation-targeting monetary policy.
- CZK is formally divided into 100 halers, although haler coins no longer circulate.
- The koruna was introduced in 1993 after the monetary separation of the Czech and Slovak republics.
Context
Why this currency matters
CZK shows how a deeply EU-integrated manufacturing economy can retain an independent currency and central bank. The 1993 currency separation and the 1997 move to a managed float are essential context for reading Czech monetary history without assuming euro adoption.
Monetary framework
Exchange arrangement
The Czech National Bank issues koruna banknotes and coins and conducts independent inflation-targeting monetary policy.
CurrencyHub shows daily reference rates. Banks, card networks, ATMs and transfer providers may apply different exchange rates, fees or spreads.
History timeline
Key dates for CZK
Czech koruna introduced
The monetary union with Slovakia ended and separate Czech and Slovak currencies were introduced.
Czech National Bank - historyCzech National Bank established
The Czech National Bank became the national central bank under the new Czech constitutional framework.
Czech National Bank - historyFixed exchange-rate band ended
The Czech National Bank abandoned the former exchange-rate band and moved to a managed float.
Czech National Bank - history
Usage and economy
How CZK is used
- Prices, wages and payments in Czechia.
- Regional commerce and comparisons involving PLN, HUF, EUR and RON.
Country currency guides
Banknotes and coins
CZK currency units
The Czech National Bank documents valid Czech koruna banknotes.
The Czech National Bank documents the koruna coins used in circulation.
One Czech Koruna unit is recorded with 2 decimal places and uses Haler as its minor unit.
Related currencies
Currency relationships
Explore currencies connected through regional use, trade comparisons or monetary relationships.
FAQ
CZK questions
Why does Czechia use CZK instead of EUR?
Czechia is an EU member but has not adopted the euro, so the koruna remains its national currency.
When was the Czech koruna introduced?
CZK was introduced in February 1993 after the Czech-Slovak monetary union ended.
Are haler coins still used?
No haler coins circulate, although 100 halers remains the formal subdivision of one koruna.
Sources
Data and editorial review
Rate source: Frankfurter
Last reviewed:
Currency identity and cash information is checked against central-bank, government, ISO and official international sources.