EUR/CZK

23.848
0.18%
Daily
  • L. 23.787
  • H. 23.875
  • Ch. 0.043
  • Ch.% 0.18%
Overview
Costs & Margins
  • EUR/CZK represents the exchange rate of the euro against the Czech koruna on the foreign exchange market. The value of EUR/CZK shows how many korunas equal one euro. The koruna is sometimes called the Czech “crown.”

    The Czech Republic has an export-driven economy based mainly in industries of high-tech engineering, electronic machines, steel production, transportation equipment and advanced pharmaceuticals and chemicals. The Czech Republic is a part of the European Union, but the country has never adopted the euro for its own currency.

    The economic health of Europe impacts the euro and koruna, as the Czech Republic’s key trading partners are other EU member nations.

  • Margin From
    10.0 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    1000
  • Long
    0.0
  • Short
    0.0
  • Min Stop Distance
    0.025 points
  • Spreads
  • Spreads From
    0.025 Points
  • Margins
  • 0 - 810 000
    10.0 %
  • 810 000 - 4000 000
    15.0 %
  • 4000 000 - 8100 000
    20.0 %
  • 8100 000 - 16000 000
    30.0 %
  • 16000 000 +
    40.0 %
  • Dealing
  • Spreads
    0.025 Points
  • Margins
  • 0 - 810 000
    10.0 %
  • 810 000 - 4000 000
    15.0 %
  • 4000 000 - 8100 000
    20.0 %
  • 8100 000 - 16000 000
    30.0 %
  • 16000 000 +
    40.0 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
23.868
Bid
23.85
Offer
23.893
Distance
0
Last Updated: 1/24/2023 10:00:00 PM

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Forex is the process by which traders can buy one currency and simultaneously sell another, with the goal to profit from the direction price is likely to take in the future. With a daily trading volume of more than $6.5 trillion, the forex market is the most traded in the world, and is open 24 hours a day, 5 days a week for banks, institutions and individuals worldwide.

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Why trade forex

People trade forex for a range of reasons, including the unmatched liquidity of the market, the ability to trade on leverage, the opportunity to take positions in both rising and falling markets, the lack of hidden fees or commissions, and the accessibility of markets being open 25 hours a day, five days a week.

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How to trade forex

In order to trade forex, there are a few key steps to follow. First, you need to select a currency pair. Many traders choose a major pair such as EUR/USD due to high liquidity. Next, analyzing the market is key to understanding the technical and fundamental drivers that may affect price. Once you understand how to read the quote, it's time to open your position by going long or short.

You'll need to monitor your trade, with many traders using technical indicators to make better sense of price action, and features such as stops and limits to manage risk. Finally, you can close your position when the market hits a price at which you want to exit.

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