Pound Sterling to Czech Koruna Exchange Rate

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Historical rate chart of GBP and CZK

Updated: 28 Oct 2020 00:23:26 UTC

Pound sterling

The British pound sterling is the official currency of the United Kingdom and the fourth most traded currency in the world. Unlike the majority of EU countries, the UK didn’t adopt the euro in 1999, and the pound continues to be an important currency benchmark for many nations.
Currency:Pound sterling
Currency symbol:£
Subunit symbol:p
Banknotes:£5, £10, £20, £50
Coins:1p, 2p, 5p, 10p, 20p, 50p, £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:
Subunit:haléř (defunct)
Subunit symbol:h
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

Send money from GBP to CZK

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GBP 1 Same day GBP 0.00 30.044 CZK
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Market rate for common transfer amounts GBP to CZK

Pound Sterlings (GBP) 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 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

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