EUR/CZK

EUR/CZK CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Euro against the Czech Koruna.  

The Euro, issued by the Eurozone, is one of the world's major currencies. Its value is influenced by the economic performance of the Eurozone countries, monetary policy set by the European Central Bank (ECB), and overall global economic conditions.  

The Czech Koruna, issued in the Czech Republic, is influenced by the economic performance of the Czech Republic, which is closely tied to the Eurozone due to trade relationships. The Czech National Bank's (CNB) monetary policy also plays a significant role in the Koruna's value. The EUR/CZK currency pair will be influenced by the relative economic performance and monetary policies of the Eurozone and the Czech Republic.