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Pound Sterling to Czech Koruna Exchange Rate
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Historical rate chart of GBP and CZK
|Banknotes:||£5, £10, £20, £50|
|Coins:||1p, 2p, 5p, 10p, 20p, 50p, £1, £2|
|Banknotes:||100, 200, 500, 1000, 2000, 5000 Kč|
|Coins:||1, 2, 5, 10, 20, 50 Kč|
What affects exchange rates between the GB pound sterling and the Czech koruna?
Political events and economic developments in the Czech Republic, the European Union, or in the UK could all affect the exchange rate between the pound sterling and the Czech koruna.
Examples of what could affect the GBP/CZK exchange rate are elections in the Czech Republic or in the UK with unexpected outcomes, new free trade agreements between the EU and the UK, 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 the GB pound sterling exchange rate would most likely be affected by factors outside of that country, such as developments in the European Union or in the UK.
How does the pound sterling trade against the Czech koruna historically?
The koruna, in English sometimes referred to as the crown, has been the official currency of the Czech Republic since 1993. It replaced the Czechoslovak koruna, which was the currency of Czechoslovakia during the 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.
Between 2014 and 2017, the Czech koruna has been trading between 19 and 26 to 1 pound sterling. Since the beginning of 2017, it has strengthened significantly compared to the pound, along with many other major currencies.
Pound Sterling to the Czech Koruna for the last 10 years
|Oct 2010||Oct 2011||Oct 2012||Oct 2013||Oct 2014||Oct 2015||Oct 2016||Oct 2017||Oct 2018||Oct 2019|
|1 GBP =||28.3762 Inverse: 0.0352||28.1128 Inverse: 0.0356||31.0255 Inverse: 0.0322||30.1063 Inverse: 0.0332||35.1936 Inverse: 0.0284||37.7772 Inverse: 0.0265||30.1595 Inverse: 0.0332||28.9708 Inverse: 0.0345||29.0502 Inverse: 0.0344||29.5697 Inverse: 0.0338|
Pound Sterling to the Czech Koruna for the last 10 months
|Dec 2019||Jan 2020||Feb 2020||Mar 2020||Apr 2020||May 2020||Jun 2020||Jul 2020||Aug 2020||Sep 2020|
|1 GBP =||29.7896 Inverse: 0.0336||29.7968 Inverse: 0.0336||29.6569 Inverse: 0.0337||30.6402 Inverse: 0.0326||31.3251 Inverse: 0.0319||30.1969 Inverse: 0.0331||29.4153 Inverse: 0.0340||28.8270 Inverse: 0.0347||29.0783 Inverse: 0.0344||29.6293 Inverse: 0.0338|
Pound Sterling to the Czech Koruna for the last 10 days
|Oct 18||Oct 19||Oct 20||Oct 21||Oct 22||Oct 23||Oct 24||Oct 25||Oct 26||Oct 27|
|1 GBP =||30.1287 Inverse: 0.0332||30.0007 Inverse: 0.0333||29.7272 Inverse: 0.0336||30.1696 Inverse: 0.0331||30.1151 Inverse: 0.0332||29.9223 Inverse: 0.0334||29.9275 Inverse: 0.0334||29.9768 Inverse: 0.0334||30.0902 Inverse: 0.0332||30.2185 Inverse: 0.0331|
Market rate for common transfer amounts GBP to CZK
|Pound Sterlings (GBP)||Czech Koruna (CZK)|
How can I predict future exchange rates between the pound sterling and the Czech koruna?
As a 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 pound sterling and the Czech koruna depends very much on the development of the Czech economy and the European economy as a whole, compared to the UK 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 high 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 pound sterling and the euro going forward.
Future developments in the GBP/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 pound sterling.
Exchange rates from GBP to other currencies
- Bahamian Dollar (BSD)
- Bahraini Dinar (BHD)
- Bangladeshi Taka (BDT)
- Barbadian Dollar (BBD)
- Belarusian Ruble (BYN)
- Belize Dollar (BZD)
- Bermudian Dollar (BMD)
- Bhutanese Ngultrum (BTN)
- Bitcoin (BTC)
- Bitshares (BTS)
- Bolivian Boliviano (BOB)
- Botswana Pula (BWP)
- Brazilian Real (BRL)
- Brunei Dollar (BND)
- Bulgarian Lev (BGN)
- Burundian Franc (BIF)
- Salvadoran Colon (SVC)
- Samoan Tala (WST)
- São Tomé and Príncipe Dobra (STD)
- Saudi Riyal (SAR)
- Serbian Dinar (RSD)
- Sierra Leonean Leone (SLL)
- Singapore Dollar (SGD)
- Solomon Islands Dollar (SBD)
- Somali Shilling (SOS)
- South African Rand (ZAR)
- Sri Lankan Rupee (LKR)
- Surinamese Dollar (SRD)
- Swazi Lilangeni (SZL)
- Swedish Krona (SEK)
- Swiss Franc (CHF)
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