USD to CZK Transfers Compared

   

USD/CZK at 20.97, 0.9% below the 3-month avg. Experts note stability amidst mixed US economic signals and Czech resilience. Monitor upcoming US jobs and inflation data—key for USD strength—as CNB's stance supports the koruna. Caution advised for forex traders

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What is the best Send Money conversion rate for USD to CZK?

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Czech Republic horuna (CZK) rates from different sources before making a conversion.

The above Dollar to Horuna comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest USD-CZK mid-rate and the possible savings of using various providers. 

How do USD-CZK rates compare between providers?

The next best is XE at 20.68, -0.62% from the mid-rate.

Then Wise at 20.67, which is -0.67% from the mid-rate.

The Western Union rate is 20.6 which is -1% from the mid-rate.

Among the banks the Chase Bank rate is 18.99 at -8.7% the Wells Fargo Bank rate is 18.86 at -9.4% and the Citibank rate is 19.82 at -4.8% compared to the mid-rate 20.81.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.