Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER

Czech Republic horuna Markets

CZK Currency Update - Our review of Czech Republic horuna forecasts and news plus charts and historic rates. Check CZK Trends over various time periods.

 

Recent forecasts and market updates indicate a mixed outlook for the USD to CZK exchange rate. The US dollar has remained relatively muted amid a risk-positive trading environment, which has dampened its appeal as a safe-haven currency. Although the dollar experienced attempts at recovery during European trading hours, it lacks substantial momentum due to a cooling risk sentiment and the potential impact of disappointing durable goods orders data, expected to reflect a significant decline in order growth of 10.8% last month.

The strength of the USD is primarily influenced by Federal Reserve monetary policy, which attracts investment through higher interest rates. The dollar's performance is buoyed during periods of economic uncertainty, as seen with geopolitical tensions and fluctuating global market stability. Despite forecasts predicting a challenging economic landscape due to diminished economic data and risks associated with international trade relations, the USD maintains its role as the global reserve currency.

On the other hand, the Czech koruna appears less susceptible to sudden monetary policy shifts, unlike neighboring currencies affected by recent unexpected events, such as Poland's rate cut. The Czech National Bank is expected to keep interest rates at 7% in the short term, providing a degree of stability amidst a sluggish economic backdrop linked to Germany's declining industrial production. Notably, the Czech economy is feeling the effects of stagflation, with inflation easing slightly to 8.8% in July.

From a technical perspective, the USD to CZK exchange rate stands at 20.92, which is 3.1% below its three-month average of 21.59. The currency pair has traded within a relatively stable range of 20.87 to 22.52 over recent months, indicating fluctuations could occur based on evolving economic indicators and policy decisions.

As analysts and forecasters assess the trajectory of both currencies, movements in the USD to CZK rate will likely remain dependent on upcoming economic data releases and the broader implications of monetary policy decisions from both the Federal Reserve and the Czech National Bank. Decisions made in the coming weeks will be crucial in determining the future dynamics of this currency pair.

 

US dollar to Czech Republic horuna - USD/CZK Trend

 
USD to CZK at 20.92 is 3.1% below its 3-month average of 21.59, having traded in a relatively stable 7.9% range from 20.87 to 22.52
|
 
1 USD =
20.92We compare provider deals to this wholesale mid-market rate. Read more
CZK
 
+0.1%
90d-lows
 
Track Rate

View My Rate Tracker

   
 

Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.

 

Loading exchange rates...

   
   
   
   
  

Top CZK Rates


Czech Republic horuna to US dollar
CZK to USD at 0.047808 is 3.2% above its 3-month average of 0.046334, having traded in a relatively stable 7.9% range from 0.044396 to 0.047916
CZK to USD
0.047808
-0.1%

Czech Republic horuna to Euro
CZK to EUR at 0.040700 is just 0.9% above its 3-month average of 0.040327, having traded in a stable 2.0% range from 0.039935 to 0.040734
CZK to EUR
0.040700
-0.1%
90d-highs

Czech Republic horuna to Canadian dollar
CZK to CAD is at 90-day highs near 0.065485, 2.8% above its 3-month average of 0.063683, having traded in a quite stable 5.6% range from 0.062041 to 0.065485
CZK to CAD
0.065485
+0.3%
90d-highs

Czech Republic horuna to British pound
CZK to GBP is at 90-day highs near 0.035590, 3.5% above its 3-month average of 0.03439, having traded in a quite stable 5.9% range from 0.033621 to 0.035590
CZK to GBP
0.035590
+0.5%
90d-highs

Czech Republic horuna to Indian rupee
CZK to INR at 4.1357 is 4.2% above its 3-month average of 3.97, having traded in a fairly volatile 9.7% range from 3.7716 to 4.1389
CZK to INR
4.1355
90d-highs

Czech Republic horuna to Japanese yen
CZK to JPY is at 90-day highs near 7.0562, 4.9% above its 3-month average of 6.7275, having traded in a fairly volatile 8.8% range from 6.4869 to 7.0562
CZK to JPY
7.0592
+0.3%
90d-highs

Czech Republic horuna to Australian dollar
CZK to AUD is at 14-day highs near 0.072830, 1.9% above its 3-month average of 0.071412, having traded in a quite stable 5.6% range from 0.069347 to 0.073201
CZK to AUD
0.072834
+0.3%
14d-highs

Czech Republic horuna to Singapore dollar
CZK to SGD is at 90-day highs near 0.061230, 2.6% above its 3-month average of 0.059654, having traded in a quite stable 5.6% range from 0.057985 to 0.061230
CZK to SGD
0.061204
+0.2%
90d-highs

Czech Republic horuna to Chinese yuan
CZK to CNY at 0.3427 is 2.8% above its 3-month average of 0.3335, having traded in a relatively stable 7.3% range from 0.3198 to 0.3431
CZK to CNY
0.3427