Canadian Dollar to Czech Koruna Exchange Rate

Live Rate

= 17.4746

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Historical Rate chart of CAD and CZK

Updated: 03 Jul 2020 15:01:43 UTC

Canadian Dollar

Known as the “loonie”, the Canadian dollar is among the world’s top ten most traded currencies. With its extreme sensitivity to movements in crude oil and other commodities, traders often use the Canadian dollar to speculate on these commodities. It’s also closely tied to the US economy and dollar.
Currency:Canadian Dollar
Currency Symbol:$, Can$, C$, CAD
Sub unit:cent (English)
Sub unit symbol:¢
Bank notes:$5, $10, $20, $50, $100
Coins:5¢, 10¢, 25¢, 50¢, $1, $2

Czech Koruna

The Czech koruna is the official currency of the Czech Republic. Its value recently jumped against major currencies after the country’s central bank abandoned its policy to peg the value of the koruna to the euro.
Currency:Czech Koruna
Currency Symbol:
Sub unit:haléř (defunct)
Sub unit symbol:h
Bank notes:100, 200, 500, 1000, 2000, 5000 Kč
Coins:1, 2, 5, 10, 20, 50 Kč

What affects exchange rates between the Canadian dollar and the Czech koruna?

Political events and economic developments in the Czech Republic, the European Union or in Canada could all affect the exchange rate between the dollar and the Czech koruna.

Examples that could affect the CAD/CZK exchange rate are elections in the Czech Republic or Canada with unexpected outcomes, new free trade agreements between the EU and Canada or unexpected changes in economic or monetary policy in either country.

As of now, the political and economic conditions are looking very stable in the Czech Republic. This means that the Czech koruna to CAD dollar exchange rate would most likely be affected by factors outside of that country such as developments in the European Union or in Canada.

How does the Canadian dollar trade against the Czech koruna historically?

The koruna, sometimes referred to as “the crown” in English, has been the official currency of the Czech Republic since 1993. It replaced the Czechoslovak koruna, which was the currency of Czechoslovakia during Soviet rule.

The Czech National Bank intervened in the currency in 2013 to prevent the currency from strengthening too much, and causing the country to lose its competitive advantage in world trade. A return back to more conventional monetary policy happened in April of 2017. The koruna remained stable and the operation was widely considered a success.

Since the beginning of 2017, the Czech koruna has strengthened significantly compared to the dollar, along with many other major currencies.

Canadian Dollar to the Czech Koruna for the last 10 years

Jul 2010 Jul 2011 Jul 2012 Jul 2013 Jul 2014 Jul 2015 Jul 2016 Jul 2017 Jul 2018 Jul 2019
1 CAD = 19.2380 Inverse: 0.0520 17.4317 Inverse: 0.0574 20.0213 Inverse: 0.0499 19.0664 Inverse: 0.0524 18.9284 Inverse: 0.0528 19.4300 Inverse: 0.0515 18.8405 Inverse: 0.0531 17.6125 Inverse: 0.0568 16.9872 Inverse: 0.0589 17.2047 Inverse: 0.0581

Canadian Dollar to the Czech Koruna for the last 10 months

Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Jan 2020 Mar 2020 Mar 2020 Apr 2020 May 2020
1 CAD = 17.6584 Inverse: 0.0566 17.5700 Inverse: 0.0569 17.3622 Inverse: 0.0576 17.3351 Inverse: 0.0577 17.4609 Inverse: 0.0573 17.1734 Inverse: 0.0582 17.1456 Inverse: 0.0583 17.6261 Inverse: 0.0567 17.7539 Inverse: 0.0563 17.5989 Inverse: 0.0568

Canadian Dollar to the Czech Koruna for the last 10 days

Jun 23 Jun 24 Jun 25 Jun 26 Jun 27 Jun 28 Jun 29 Jun 30 Jul 01 Jul 02
1 CAD = 17.3725 Inverse: 0.0576 17.4184 Inverse: 0.0574 17.4518 Inverse: 0.0573 17.4231 Inverse: 0.0574 17.4231 Inverse: 0.0574 17.4637 Inverse: 0.0573 17.4426 Inverse: 0.0573 17.4879 Inverse: 0.0572 17.3959 Inverse: 0.0575 17.4380 Inverse: 0.0573

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Market rate for common transfer amounts CAD to CZK

Canadian Dollars (CAD) Czech Koruna (CZK)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

How can I predict future exchange rates between the Canadian dollar and the Czech koruna?

As an EU member state, the Czech Republic is expected to adopt the euro at some point in the future. The Czech government originally planned to do this in 2010, but the planned adoption was suspended indefinitely in 2005. This was partly due to strong opposition in the Czech population, where only about 15% supported adopting the euro as their currency.

The future exchange rate between the Canadian dollar and the Czech koruna depends very much on the development of the Czech economy and the European economy as a whole, compared to the Canadian economy.

As of May 2017, the Czech economy is looking very strong, with the Czech Republic boasting the lowest unemployment rate in the EU. The economic growth is also at a high, sitting at 4.4 percent in 2015, making it the fastest growing in the EU. These are all signs that the koruna will likely remain in a strong position compared to both the Canadian dollar and the euro going forward.

Future developments in the CAD/CZK exchange rate also depend on the growth of the German economy. Germany is the most important trading partner for the Czech Republic, as well as the largest economy in the EU. If the German economy continues to strengthen, it will continue to help support the koruna exchange rate against the Canadian dollar.

Exchange rates from CAD to other currencies

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