Euro to Czech Koruna — exchange rate

The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.

Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.

The Czech koruna (Kč) is the national currency of the Czech Republic, and is used for payment only within the country. CZK is a traditional abbreviation used in currency exchange. Every Czech koruna contains 100 haléřů, but it is only a formality.

Small change is not officially used in circulation. The Czech national currency was issued in 1993 after the fall of Czechoslovakia. Before that, the national currency was the Czechoslovak koruna. The most commonly used banknote is 1000 koruna. Because of the portrait of a historian and political figure F. Palacky, it has gotten a name “Palaki”.