USDCZK exchange rate

USD/CZK

21.0019 CZK

+0 (+0.89%)

1MN

USDCZK Key Statistics

Open price

20.8125

High today

21.0047

Low today

20.7204

52 Week high

21.5677

52 Week low

20.027

Trading hours

-12:00

-11:00

-10:00

-09:00

-08:00

-07:00

-06:00

-05:00

-04:00

-03:00

-02:00

-01:00

UTC 00:00

+01:00

+02:00

+03:00

+03:30

+04:00

+04:30

+05:00

+05:30

+05:45

+06:00

+07:00

+08:00

+09:00

+09:30

+10:00

+11:00

+12:00

+12:45

+13:00

+14:00

UTC 00:00

Symbol trading specification

Trade USD/CZK

About USDCZK

The USDCZK pair is an exotic forex pair consisting of the US dollar (USD) as the base currency and the Czech crown (CZK) as the quote currency. USDCZK is marked by lower volume than major assets in the forex market. USDCZK refers to how many CZK are needed to buy one USD.

What is USDCZK?

The US Dollar vs. Czech Crown is the exchange rate between the US dollar (USD) and Czech crown (CZK). The USDCZK pair shows the amount of CZK required to buy a dollar. USD is the most traded and influential currency in the forex market. Moreover, it's the world's primary reserve currency and is highly liquid and stable. On the other hand, CZK is less actively traded because of its lower trading volume and liquidity, but it has higher liquidity in local markets. Moreover, the USDCZK is an exotic currency pair significantly influenced by various factors. These factors include economic indicators, interest rates set by the central banks of both currencies and political events such as protests, elections, etc. Since 60% of the GDP of the Republic of Czech depends on export commodities, the fluctuation in the prices of the commodities also fluctuates the exchange rate. Global events such as pandemics, natural disasters, and international trade agreements influence the pair's price. Everyone eager to know how to invest in USDCZK must keep tabs on any changes regarding these aspects and should conduct thorough research before investing in this currency pair.

How does USDCZK work?

The USDCZK currency pair is traded on the various online platforms brokers provide to generate profit from the USDCZK price fluctuations. The traders create an account on the SimpleFX platform. Investors willing to learn how to trade USDCZK can start with a demo mode with no financial risk. Depending on their goals, risk tolerance, and location, they use different strategies in this market. These strategies may include technical analysis (price charts, patterns, and trends) and fundamental analysis (economic, political, and other indicators.) In short, investors should prepare for the USDCZK price fluctuations by aligning their trading goals with their strategies.

USDCZK price history

While researching the currency pair, knowing its past performance is also essential. That's why below is a summary of the USDCZK's performance from 2018–2022.

2018

At the start of the year, the USD-CZK exchange rate was at 21.2731 CZK, and by its end, it had risen to 22.4192 CZK. The year's highest exchange rate value was 23.1069 CZK on November 12th, and the lowest was 20.1442 CZK on February 1st, 2018. The annual mean value of the year was 21.7429 CZK.

2019

The year commenced with the USDCZK at 22.4538, and its closing exchange rate value was 22.6679 CZK. 23.6765 CZK was the year's highest value recorded on September 30th, 2019, and the lowest was 22.1897 CZK on January 9th, 2019. Moreover, the year's mean exchange rate was 22.9287 CZK.

2020

On January 1st, 2020, the exchange rate was 22.6587 CZK; on December 31st, 2020, it dropped to 21.4678 CZK. The year's outstanding exchange rate was 26.074 CZK on March 19th, 2020; the terrible rate of 21.3158 CZK was recorded on December 17th. Moreover, the year's mean exchange rate was 23.2109 CZK.

2021

The year commenced with an exchange rate of 21.4707 CZK and ended at 21.8714 CZK, with the best value of 22.8139 CZK on November 25th, 2021. The worst exchange rate was 20.7461 CZK on May 25th, 2021, and the year's average was 21.6883 CZK.

2022

At the beginning of 2022, the value of USDCZK was 21.8714 CZK, and it closed at 22.5693 CZK. The year's best and worst exchange rates were 25.7339 CZK on September 27th, 2022, and 21.1828 CZK on February 7th, 2022, respectively, with the mean exchange rate being 23.363 CZK.

Current USDCZK price

The current USDCZK price is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform.

Is USDCZK a good investment?

Whether USDCZK is a good investment depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors worldwide.