USDCZK Live Chart, Exchange Rate & Analysis | Trade USDCZK

Interesting facts about the USDCZK (US Dollar to Czech Koruna)

The modern Czech koruna is the same age as the independent Czech Republic. The reason for the emergence of a new currency was the collapse of Czechoslovakia. It should be noted that the first mention of the Czech koruna dates back to the 12th century. That is why the word "koruna" is still considered not only the name of the money but also the crown — a symbol of the ancient Czech kingdom.

The first money appeared on the lands of the modern Czech Republic in 120 BC. The tribe, located in the location of modern Prague, minted gold coins for trade with neighbors. The Czech koruna became the national currency of the Czech lands only at the end of the 19th century. After Austria-Hungary collapsed in 1918, Czechoslovakia appeared on the map of Europe.

The Czechoslovak koruna was abolished in 1993. Initially, the central banks of the new states — the Czech Republic and Slovakia — agreed that they would use the old money with special marks during the transition period. A little later in the same year, new banknotes and coins were issued.

The design of the modern CZK banknotes was developed by designer Ondzhik Kulganek. In accordance with the widespread international practice, the illustrator decided to depict portraits of the most significant personalities in the history of the Czech Republic on banknotes. The design of the money is intended to reflect the national culture and rich heritage of the republic.

Initially, the CZK was fixed to the US dollar at the price of 42.834. The US dollar influences the Czech koruna through a bilateral investment treaty. The USD/CZK rate depends upon US exports and investments in the Czech Republic. These investments and assistance to the Czech Republic are aimed at strengthening the country’s potential in the international economic arena.

The best time to trade the USD to CZK is from 15:00 to 19:00, when the European and North American trading sessions overlap.