CZK

AAA

DEFINITION of 'CZK'

The ISO 4217 currency code for the Czech koruna, the official legal tender for the Czech Republic. The Czech koruna (CZK) has been the official currency of the Republic since February 8, 1993, when it replaced the Czechoslovak koruna. The Republic planned to adopt the euro as its official currency in 2012, but opposition halted that move in 2007.

INVESTOPEDIA EXPLAINS 'CZK'

The Czech National Bank (headquartered in Prague) issues the Republic's currency. It mints coins in 1, 2, 5, 10, 20 and 50 koruna denominations and prints banknotes in 50, 100, 200, 500, 1,000, 2,000 and 5,000 denominations.

The currency market, also known as the foreign exchange market, is the largest financial market in the world.

RELATED TERMS
  1. Prague Stock Exchange (PSE)

    The primary securities exchange of the Czech Republic. The Prague ...
  2. Currency

    A generally accepted form of money, including coins and paper ...
  3. Hard Currency

    A currency, usually from a highly industrialized country, that ...
  4. Forex - FX

    The market in which currencies are traded. The forex market is ...
  5. Money

    An officially-issued legal tender generally consisting of currency ...
  6. Forex Spread Betting

    A category of spread betting that involves taking a bet on the ...
Related Articles
  1. thinkstock|istock
    Options & Futures

    A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.
  2. Forex Education

    Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.
  3. Personal Finance

    The Currency Board: Understanding The Government's Bank

    Currency board, central bank - what's the difference? Find out more about this little-known monetary authority.
  4. Forex Education

    Top 7 Questions About Currency Trading Answered

    Whether you're puzzled by pips or curious about carry trades, your queries are answered here.
  5. Personal Finance

    What Are Central Banks?

    They print money, they control inflation, and much, much more. All you need to know about central banks is here.
  6. Coders created Bitcoin to be decentralized and independent of governments and banks. Authorities are still struggling to create a legal framework.
    Forex

    Bitcoin's Main Stumbling Block: Navigating The Law

    Coders created Bitcoin to be decentralized and independent of governments and banks. Authorities are still struggling to create a legal framework.
  7. Investing Basics

    The Most Popular Bitcoin Mining Software

    Success at mining bitcoins depends on the combination of time, knowledge, computer hardware and the complementary software.
  8. Forex Education

    Who are cambrists and how do I become one?

    Discover what a cambrist is, why they are important to exchange markets and what skills you should possess if you are interested in becoming one.
  9. Forex Education

    Are Downside Tusuki Gap patterns important when trading forex pairs?

    Find out why forex traders use candlestick charting for currency pairs, and learn how the Downside Tasuki Gap pattern can be spotted for short-term gains.
  10. Trading Strategies

    Can forex currency pairs exhibit consolidation patterns?

    Learn how forex currency pairs exhibit recognizable consolidation patterns. These patterns offer traders the opportunity to place low-risk, high-reward trades.

You May Also Like

Hot Definitions
  1. Christmas Island Dollar

    The former currency of Christmas Island, an Australian island in the Indian Ocean that was discovered on December 25, 1643. ...
  2. Santa Claus Rally

    A surge in the price of stocks that often occurs in the week between Christmas and New Year's Day. There are numerous explanations ...
  3. Commodity

    1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often ...
  4. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  5. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  6. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
Trading Center