Czech Koruna
Czechia is one of seven EU member states that don’t use the euro. Its currency is the Czech koruna (CZK).
The country’s balance of trade is generally near flat. Its major exports are cars and car parts. It’s a small economy. Of the countries whose currencies we offer, Czechia’s GDP1 is larger than just Hungary’s and New Zealand’s.
Czechia has the fourth-oldest population out of the countries whose currencies we offer.
About Czechia
GDP1
$345
Billion
USD
Major Exports2
Cars
Car Parts
Computers
Major Export Partners2
Germany
Slovakia
Poland
Budget Deficit3
-3.6%
Trade Flows4
-113
Billion
CZK
Pros and Cons of the Czech Koruna
- Supported by a stable, EU-integrated economy5
- Independent monetary policy6
- Not heavily debt-burdened7
- Highly sensitive to EU economic conditions8
- Limited global liquidity9
- Emerging Europe risk perception9
1. https://tradingeconomics.com/country-list/gdp?continent=europe
2. https://tradingeconomics.com/country-list/exports;
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://www.oecd.org/economy/czech-republic-economic-snapshot/
6. https://www.cnb.cz/en/monetary-policy/
7. https://www.imf.org/en/Countries/CZE
8. https://tradingeconomics.com/czech-republic/exports-by-country
9. https://www.bis.org/statistics/rpfx22_fx.htm
It’s as easy as open, fund, trade.
Open a Global Markets Portfolio
Start a Global Markets Portfolio with a Cash Account
Fund your account
Use your Cash Account as your funding source
Trade
Use your Global Markets Portfolio to buy or sell over 20 global currencies
How to Buy the Czech Koruna
Currency CD
Term
APY
3 Month
1.00%
6 Month
1.00%
9 Month
1.00%
12 Month
1.00%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
How to Open An Account
Buying and selling foreign currencies begin with a Global Markets High Yield Cash Account, which serves as the funding account for your currency transactions. Once it’s open, you will automatically receive a Global Markets Portfolio. This Portfolio will allow you to buy and sell any of the 20 foreign currencies available.
Global Markets
High Yield Cash Account
The High Yield Cash Account with Global Markets access delivers the typical features of a checking account but adds high yields for every dollar in your account.
On top of that, it serves as the launchpad to funding your precious metals and foreign currency transactions as well as access to all Global Markets Products.
- Use as the funding account for precious metals and foreign currency transactions
- ACH transfers to/from external accounts
- Free online bill pay
- Debit card with $30/month of ATM fee reimbursement if charged (Coming Soon)
- 1st order of checks complimentary
- $5 monthly fee waived, no minimum balance required
Currency Deposit
- $2,500 minimum initial trade per currency
- After initial trade, no minimum trade amount required
Currency CD
- $10,000 minimum initial trade per Currency CD
- After initial trade, no minimum trade amount required
Available Currencies
Need Support?
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