The EUR / CZK currency pair is considered quite an exotic combination, used mainly by Czech traders. There is also an opinion that this pair is not the best choice for beginner traders due to higher volatility in comparison with the main currency pairs.
Quotations of the euro currency pair to the Czech crown practically do not depend on the US dollar rate, but do not neglect the data of the American economy when forecasting the dynamics of EUR / CZK. Using the current exchange rate chart, you can monitor the volatility of the currency pair in real time.
The development of the Czech economy is inextricably linked with the countries of the Eurozone. The Czech economy is considered quite stable and prosperous. High level of income of the population ensures the economic growth of this country. The main branches of the Czech Republic are machine building, the chemical industry, the production of iron, steel and electronics, brewing, agriculture and tourism. The Czech Republic actively cooperates with Germany, Slovakia and Austria.
Czech koruna - (Czech Koruna česká, bank code: CZK) - the national currency of the Czech Republic. After the dissolution of Czechoslovakia in 1993, two national currencies appeared: the Czech crown and the Slovak crown. The National Bank of the Czech Republic has the right to issue and regulate.
Euro (currency sign - €, bank code: EUR) - official currency of 19 eurozone countries (Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia , Finland, France, Estonia). Also, the currency is used in nine countries that are not members of the euro area. The Euro is managed by the European System of Central Banks (ESCB), led by the European Central Bank (ECB).
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