Home
FairFX Prepaid MasterCard®       ~       Looking for Corporate Cards?

Check out our Czech Koruna exchange rates

I want to buy using

Currently we are only accepting payments in Pounds Sterling from UK residents.

History of the Czech Koruna

The Czech koruna, otherwise referred to as CZK was established in 1993 as the official form of currency for the nation. The term koruna translates to crown in English, which is a common occurrence in currency throughout the world. The currency was developed after the dissolution of Czechoslovakia, with Slovakia maintaining its own version of the money. Until 2003, the currency had coins that were struck in aluminum that were called hallers, but those were removed from circulation as a result of diminishing purchasing power. Currently, there are six coins in circulation which represent 1, 2, 5, 10, 20, and 50 koruna. The Czech Republic actually had plans to begin using the Euro in 2012, but that event has been postponed as of 2007 based on a debate within the country. The economy of the country is well enough to adopt the euro though and still may do so in the future. Until that time, the koruna should hold up well enough on its own.

Historical British Pound Sterling to Czech Koruna Conversion Rates

Since the development of the Czech koruna, the country has experienced a decrease in its inflation rates, which has provided a nice improvement for the value of the currency as a whole. Conversion rates have shown great signs of improvement, although the currency hasn't really been around long enough to produce a lot of historical data. Conversion rates remained below or around .02 GBP to CZK until the mid 2000s, when there have been no significant slums in the country's exchange just yet. Fluctuation in the past has been moderate, but still existent. As long as the inflation remains underway, the currency should fair rather well for the country.

Convert GBP to CZK - Recent Currency Exchange Rates

Over the last few years, the Czech koruna has been showing signs of improvement against the British pound sterling. In 2005, the currency exchange rate was .022 GBP to CZK, and in 2006 that number increased to .024 GBP to CZK. That remained steady around .025 GBP to CZK in 2007, but showed a drastic improvement to .031 GBP to CZK in 2008. Numbers have continued to rise in 2009 and are expected to do so for several years in the future, depending on how the economic status of the Czech Republic fairs over time and whether the currency is converted into the Euro or not. Establishment of the Euro would significantly impact the value of the koruna.

Today's Czech Koruna exchange rates

I want to buy using

Currently we are only accepting payments in Pounds Sterling from UK residents.