CZECH & Euro

Costas

Administrator
Staff member
07/12/2020 - Czech Republic - once more delay adoption of euro
https://kafkadesk.org/2020/12/07/czech-republic-to-once-more-delay-adoption-of-euro/

30/09/2019 - Czech Republic: Protesters march on Wenceslas Square to support euro adoption
https://kafkadesk.org/2019/09/30/cz...on-wenceslas-square-to-support-euro-adoption/

18/03/2019 - The Czech Republic’s schizophrenic relation with the euro
https://kafkadesk.org/2019/03/18/the-czech-republics-schizophrenic-relation-with-the-euro/

06/03/2019 - Czech Prime Minister Andrej Babis thinks he found some useful data to explain his opposition to the euro
https://www.bloomberg.com/opinion/a...-expresses-east-europe-s-disdain-for-the-euro

European Central Bank (updated daily) + charts
http://www.ecb.europa.eu/stats/poli...o_reference_exchange_rates/html/index.en.html

European Commission - Czech Republic and the euro
https://ec.europa.eu/info/business-...countries-and-euro/czech-republic-and-euro_en

22DEC2017 - Czech National Bank Government not to set euro adoption date yet
https://www.cnb.cz/en/public/media_service/press_releases_cnb/2017/20171222_sladenost_2017.html



21MAY2018 - To Be or Not to Be in the Eurozone?
https://www.cnb.cz/en/public/media_service/conferences/speeches/hampl_20180521_oxford.html

predefined search at CNB (Czech National Bank) for 'euro adoption'

CNB - Exchange
http://www.cnb.cz/en/index.html
http://www.cnb.cz/en/financial_markets/foreign_exchange_market/exchange_rate_fixing/daily.jsp



Euro Survey 2017 (published: 13 Apr 2017)
https://www.cnb.cz/export/sites/cnb/en/financial-markets/.galleries/euro_survey/eurosurvey_2017.pdf

Euro Survey 2018 (published: 15 May 2018)
https://www.cnb.cz/export/sites/cnb/en/financial-markets/.galleries/euro_survey/eurosurvey_2018.pdf



Euro Survey 2019 (published: 02 Aug 2019)
https://www.cnb.cz/export/sites/cnb/en/financial-markets/.galleries/euro_survey/eurosurvey_2019.pdf



grab always the latest.

Czechs remain uninterested in euro entry (2022)
So, I think we will still be paying in Czech korunas in Czech pubs ten years from now. src



Buy rate = if the customer has different currency than the country currency and needs to convert to country currency. The exchange rate at which a foreign exchange provider will buy a currency from you.

Sell rate = if the customer has the same currency as country currency and needs to convert to another type of currency, also known as offer rate or holiday money rate or tourist rate. The rate at which a foreign exchange provider will sell currency to you.

Cross rate = if customer who want to exchange currencies that do not involve the country currency. For example, if you want to exchange Australian dollars into US dollars and country currency is euro. (src)

ref - https://www.xe.com/moneytransfertips/terms.php

Inside Czech RepublicOutside Czech Republic
CZK to EURO with sell rate ↑

when 1CZK (sells) = 0.0387EUR

1000CZK * 0.0387CZK = 38.7euros

EURO to CZK with buy rate ↑

1000EURO * 25.7CZK = 25.700,00CZK
CZK to EURO with buy rate ↓

when 1EURO (buys) = 25.7CZK

1000CZK / 25.7CZK = 38.9euros

EURO to CZK with sell rate ↓

1000EURO / 0.0387CZK = 25.839,79CZK




18/11/2019 - Czech government approves digital tax aimed at internet giants



Romania and the euro
Romania has set 2024 as its target year to adopt the euro.
https://economy-finance.ec.europa.eu/euro/eu-countries-and-euro/romania-and-euro_en
 
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