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Czech Koruna
About The Czech Koruna: The Currency of Czech Republic
Quick Facts About the Czech Koruna Notes
| Country of Origin | Czech Republic |
| Symbol | Kč |
| Currency Code | CZK |
| Nick Names | |
| Minor units | Haléřa |
| Denominations (Banknotes) | 100 Kč, 200 Kč, 500 Kč, 1,000 Kč, 2,000 Kč and 5,000 Kč |
| Motto | |
| Identification Feature | When it comes to the upgraded 5000 Kč, there is an image of Tomáš Garrigue Masaryk on the obverse side as well as images of gothic and baroque buildings in Prague St. Vitus Cathedral on the reverse side. |
| Issuing Bank | Czech National Bank |
| In Circulation Since | February 8, 1993 |
Since 1993, the Czech Republic has used the koruna, which is also referred to as a crown in various contexts. The crown is one of the nine currencies that are used in the European Union. The correct name for the Czech currency is the koruna eská. The Czech koruna, also shortened as CZK, is the country's official currency and can be abbreviated as CZ. The Czech koruna symbol is Kč.
One koruna is equal to one hundred hales. The Czechoslovak koruna was replaced with the CZK in 1993 due to the collapse of the Soviet Union in 1991. In spite of the fact that it is a member state of the European Union, the Czech Republic has not yet adopted the euro as its official currency, and there are currently no plans to do so in the near future.
The Czech National Bank in Prague is currently in charge of the issuance and management of the currency used in the Czech Republic. The Czech Mint issues banknotes of Czech koruna denominations of 100, 200, 500, 1,000, 2,000, and 5,000 koruna and coins with face values of 1, 2, 5, 10, 20, and 50 koruna. The Czech Mint also issues coins with face values of 1, 2, 5, 10, and 20 koruna.
The live Czech Koruna rate is INR (0 ) . You can keep an eye on the real-time Czech Koruna price.
History of the Czech Koruna
By the 1920s, the Czechoslovak crown gained a well-deserved reputation for being the most resilient currency in all of Europe. During their occupation of the Czech Republic during World War II, the Nazis brought about a devaluation of the Czech crown. Following the conclusion of the war, the Czechoslovak crown was brought back into use. Its revamping of the monetary system in 1953 was met with widespread criticism.
The Czech koruna took the place of the Czechoslovak koruna as the country's official currency on February 8, 1993, following the dissolution of Czechoslovakia into the Czech Republic and the Slovak Republic, which was supported by the Soviet Union.
In spite of the fact that it has been a member of the European Union since 2004, the Czech Republic has not yet adopted the euro (EUR) as its primary currency. Even while preparations for membership in the common currency continue, the country has not established a hard timeline for the entire transition from the koruna to the common currency.
A vote in 2007 put an end to plans to become the euro the official currency of the Czech Republic in the year 2012; nevertheless, those plans were never implemented.
Countries Accepting the Czech Koruna
The Czech Koruna is the legal tender in the Czech Republic and is used for a variety of transactions involving the purchase and sell of goods and services inside the country. You can find out the best way to get Czech koruna in order to enjoy a wonderful trip in the country.
Amount in the Czech Koruna You Should Carry for Your Trip
It is essential to keep a few things in mind when making travel arrangements to the Czech Republic for a vacation. You will need to create a budget in order to account for many different items, some of which include the cost of eating out, lodging, and travelling around in the Czech Republic.
A day's cost of travelling in the Czech Republic on a shoestring budget will run you about Kč845. If you splurged on everything from your hotel room to your meals, the daily cost might easily go up to or even beyond Kč5,075. A trip to the Czech Republic for two people can be expected to cost anywhere from Kč1,700 to Kč12,000 in total spending money. The cost of a single night's stay in a hotel in the Czech Republic can range anywhere from Kč437 all the way up to Kč2,861. Depending on whether you take a taxi, a bus, or some other kind of public transit, the amount of money it will cost you to move around can range anywhere from Kč70 to Kč453. Taking the bus is frequently the most fiscally responsible course of action to pursue.
You can check the Czech Koruna rate today in order to plan a cost-effective vacation. Below, we’ll also learn about the best place to buy Czech koruna.
Best Ways to Identify Counterfeit Czech Koruna Notes
There are a few ways through which you can spot the counterfeit Czech Koruna notes:
These fakes have been observed in the shape of the Czech Republic's CZK 500 banknote from the year 2009 and the Czech Republic's CZK 1,000 banknote from the year 2008. These counterfeit bills have windowed threads that are actually assembled parts of authentic windowed threads from lower values that have been fused together.
Genuine banknotes can be identified by their use of direct colours, in contrast to counterfeit banknotes, which include a print pattern that is made up of cyan, yellow, black ink and magenta.
The banknote design is printed at the same time as the most significant security elements, which include a watermark, a latent image, and an iridescent strip, however, these characteristics are either absent or badly duplicated in fake notes.
Although the fakes have only been found in a select few sites in and around Moravia (Olomouc, Umperk, Brno, and Ostrava), this could quickly change. The quality of the counterfeit bills is poor in most other ways. On a scale that ranges from 1 to 5, with 1 representing the highest level of safety, just one variety was rated as having a quality equivalent to a grade 3 (good quality).
Process of Exchanging the Czech Koruna
The process of converting the Czech Koruna to Indian Rupee is immensely easy. Please note that the 1 Czech Koruna to INR value is subject to change so keep an eye on the Czech Koruna rate alert. Below, we have mentioned some of the popular ways to convert Czech Korunas to Rupees.
Internationally-Accepted Card
A multi-currency forex card is counted among the most economical and safest way of carrying the Czech Koruna.
The BookMyForex Multi-Currency card can be loaded in 14 currencies and features zero forex mark-up.
Online Forex Marketplace
The simplest and most cost-efficient way of converting your Czech Koruna is using an online forex marketplace such as BookMyForex, a platform by MakeMyTrip, offering the best conversion rates and currency exchange service. The platform offers a 5-minute fully-digital online process for currency exchange.
Visiting Your Bank
The most traditional way of converting the Czech Koruna to Rupee is by visiting a bank and standing in long queues. It is not only time-consuming but you also end up paying a high cost for making the Czech Koruna convert to Indian Rupees.
Local Money Changers
You can look for an Authorised Dealer Category II or someone who has a money changers licence. Money exchangers offer competitive Czech Koruna exchange rates, and you’d not need a bank account in this case. However, the process of rate haggling can be quite frustrating for those who are looking for an easy way to convert Czech Koruna to INR.
On the other hand,BookMyForex, the online marketplace, offers internationally-accepted forex card and currency notes at the best rates via a convenient online process.
Airport
If you would like to convert the Czech Koruna in India, one of the costliest ways to do so would be to get the Czech Koruna exchanged at an airport due to the exorbitantly high CZK exchange rates. Currency exchange at the airport will prove to be 5%-15% costlier than BookMyForex.
Exchange the Czech Koruna with BookMyForex
BookMyForex, the online forex marketplace by MakeMyTrip, makes it a hassle-free affair for you to convert the CZK to Indian Rupees as well as Indian Rupee to Czech Koruna. Please note that the 1 Czech Koruna to INR value is subject to change so keep an eye on the Czech Koruna rate alert. You should choose MakeMyTrip for currency exchange for the following reasons:
Wide Range of Products
Forex (Currency Notes) - Available in 100+ cities across India, BookMyForex allows you to get your currency notes delivered on the same day or the next day after 100% digital booking.
BookMyForex Multi-Currency Card - You can load this card in 14 currencies with 0% Forex Mark-up. Once you have booked this card, you can receive it the same day (if booking is made before 1 PM) or the next.
International Travel Insurance - MakeMyTrip also offers international travel insurance at cheapest rates in the market. Also, you can opt for this product if you’d like MMT to handle your mandatory travel insurance requirements along with a VISA application.
Travel Loan - With TripMoney, you can avail a travel loan of up to INR 1,00,000 (lifetime limit) for all your travel and holiday needs.
Best Exchange Rates
BookMyForex makes it easy for you to buy Czech Koruna or sell Czech Koruna at live and best exchange rates.
Quick Money Transfer
You can also enjoy quick international money transfers on BookMyForex. The 5-minute digital process offers the best forex rates, and you can receive funds abroad within 12 to 48 hours.
Home Delivery
BookMyForex delivers the Czech Korunas at your doorstep. So, you can simply order and receive your currency from the comfort of your home.
Best Rates to Exchange the Czech Koruna
You’d need to keep an eye on the current currency rates, if you’d like to know the exact value you’d get on converting 1 Czech Koruna in Rupees. The exchange rates keep on fluctuating. BookMyForex, an online forex marketplace by MakeMyTrip, keeps you updated with the live currency exchange rates. You can keep up with the changing value of 1 Czech Koruna in India in real-time on the platform and get the best deal. Currently, 1 CZK is equivalent to 0 INR .
Best Ways to Carry the Czech Koruna
BookMyForex allows you to convert INR to the Czech Koruna at the best exchange rates so that you can carry the Czech Korunas without any hassle. Some of the best ways to carry the Czech Koruna are mentioned below:
Currency Notes
You can buy the US Dollar notes at live and best exchange rates on BookMyForex so that you can be ready for your trip with sufficient cash in your hand.
BookMyForex Multi-Currency Card - 0% Forex Mark-Up
The Multi-Currency Forex Travel Card available on MakeMyTrip with BookMyForex as the co-branding partner comes with 0% forex mark-up over interbank rates.
How to Buy the Czech Koruna at Best Rates - Currency Notes and Cards
Whether you want to buy forex cards and currency notes or sell the Czech Koruna, MakeMyTrip makes the entire process quite easy. It doesn’t matter whether you want to convert the Czech Koruna to USD, INR to Czech Koruna or Czech Koruna to Euro, you only need to follow the below-written steps:
- STEP 01
Select your city from the drop-down list.
- STEP 02
Choose the currency you have and the currency you want.
- STEP 03
Opt for a forex card or currency notes from the list.
- STEP 04
Mention the forex amount. The live currency exchange rate will show up next to it.
- STEP 05
The converted currency amount according to the exchange rate will show up automatically.
- STEP 06
Then proceed with booking your order.
Documents Required to Buy or Sell the Czech Koruna
Here are some important documents mandated by the RBI that you must submit in order to buy or sell the Czech Koruna in India.
Copies of your valid Indian passport
PAN Card
Confirmed air ticket indicating your plan to travel within 60 days
Valid visa (it may not be required for every country)
Different Purposes for Exchanging the Czech Koruna
Private Travel: You can avail of up to CZK 10,000 for a private trip to the Czech Republic.
Studying Abroad: You can purchase foreign exchange of up to CZK 30,000 or up to the estimate shared by your educational institute.
Employment Purpose: In case you have a letter of employment, you can buy foreign exchange of up to CZK 5,000.
Emigration: If you have an emigration visa, you can buy foreign exchange for up to CZK 5,000.
Gift and Donation: You can gift or donate up to CZK 5,000 annually on the basis of self-certification
Medical Treatment: On the basis of self-certification, you can buy foreign exchange of up to CZK 50,000 for medical treatments outside of India. Once the limit is surpassed, you have to provide the estimated expense that would be incurred at the hospital.
Buy and Sell the Czech Koruna Online at Best Exchange Rates
With BookMyForex, the online forex marketplace by MakeMyTrip, you can easily convert your currency. Enjoy unbeatable currency exchange rates and opt for BookMyForex Multi-Currency Cards as well as foreign currency notes. with no forex mark-up. MakeMyTrip also present the real-time value of one Czech Koruna in Indian Rupees so that you can stay updated with the ever-changing Czech Koruna value when converting your money to other currencies.
Home Delivery of the Czech Koruna
In addition to a smooth online process, BookMyForex also delivers the Czech Korunas right at your doorstep. In fact, you can enjoy same-day door delivery. So, you do not have to waste any time visiting a local money exchanger and picking up your money.
Other currencies to INR Conversion
- USD to INR
- EUR to INR
- AED to INR
- THB to INR
- SGD to INR
- KWD to INR
- CHF to INR
- HKD to INR
- SAR to INR
- CAD to INR
- ZAR to INR
- AUD to INR
- JPY to INR
- GBP to INR
- NZD to INR
- MYR to INR
- VND to INR
- BHD to INR
- IDR to INR
- KRW to INR
- NOK to INR
- DKK to INR
- RUB to INR
- LKR to INR
- PHP to INR
- MUR to INR
- BDT to INR
- PLN to INR
Frequently Asked Questions
What is the currency of Czech Republic?
The official currency of Czech Republic is the Czech Koruna (CZK). It's used for all kinds of transactions across Czech Republic, from shopping to dining and travel.
How do I get cashback after placing my forex order?
Find out more about the cashback offer on your Czech Koruna (CZK) purchase by clicking here.
What is the best way to convert CZK to INR?
You can convert CZK to INR using different methods such as visiting a nearby bank or an airport counter. However, both of these methods will prove to be time-consuming as well as costly. There are local money exchangers available but you might need to indulge in negotiations with them. Therefore, MakeMyTrip, powered by BookMyForex, is the perfect way to convert your currency. This online Forex solution offers currency exchange at live rates and delivers currency notes or Forex cards to your doorstep.
What will happen to the leftover Czech Koruna currency when I return from my trip?
You can easily exchange any leftover currency notes or the money left in your Forex card with MakeMyTrip, powered by BookMyForex, once you have returned from your trip.
Can I invest in the Czech Koruna?
Yes, you can invest in the Czech Koruna via mutual funds, ETFs, or ETNs. However, you should keep an eye on market fluctuation and geopolitical concerns.
Will I receive authentic Czech Koruna notes?
Yes. MakeMyTrip offers genuine notes from RBI-licensed companies only.
Is it legally allowed to hold Czech Koruna in India?
While it is acceptable to hold the Czech Koruna up to the amount authorised by RBI, you cannot use this currency for any kind of transaction in India.
What if I run out of the Czech Koruna currency while travelling?
If you are carrying a MakeMyTrip multi-currency Forex card while travelling, then you can easily load it up and receive the money abroad within 48 hours.