Czech Republic Economic Information
Central Bank: Czech National Bank
Currency: Czech koruna (CZK or Kč)
Centrally located in the European Union, the Czech Republic is considered by many to be one of the most stable and prosperous post-Communist states. Interest from foreign investors in the Czech Republic economy revolve around the economic growth experienced by the country in recent years. Additionally, there is much anticipation of the koruna merging into the Euro.
Key industries:
Metallurgy, machinery and equipment, motor vehicles, glass and armaments.
Agricultural products:
Wheat, potatoes, sugar beets, hops, fruit, pigs and poultry.
Export commodities:
Machinery and transport equipment, chemicals, raw materials and fuels.
Import commodities:
Machinery and transport equipment, chemicals, raw materials and fuel.
Historical foreign currency exchange rates
 Downward Trend |
 Upward Trend |
| Source: These exchange rates are interbank rates as published by Interactive Data as of 11/1/2009. These rates were not available to retail customers and were not the rates offered by EverBank®. Past performance does not guarantee future results. |
A few factors to consider when evaluating the Czech koruna:
Reasons to consider
- Strategic position in Central Europe.
- Developed transport and telecommunications infrastructure.
- Highly educated and skilled work force.
- The Czech Republic became a member country of the European Union (EU) in 2004. They anticipate joining the euro around 2012.
Risk factors to consider
- Czech Republic is still seen as an emerging market.
- The global financial crisis has weakened consumer confidence and has caused capital flight from European markets.
- Declining competitiveness is a growing threat to the Czech economy.
How EverBank can help with your Czech koruna needs?
WorldCurrency® CDs (Single-currency CDs): Earn interest rates at local rates in the currency of your choice.
WorldCurrency Index CDs (Multi-currency CDs): Open a single CD comprised of multiple currencies, each designed to focus on a specific regional strength, and/or geopolitical and economic development. This currency is available in the following Index CD(s):
WorldCurrency Access Deposit Account: Open a transactional money market account in the currency of your choice.
I'm interested in opening a WorldCurrency® account, what is my next step?
Please note: Not all investments are right for all investors. You should conduct your own research and/or consult with an investment advisor before making any investment.
- Before opening a WorldCurrency account, we recommend reading the following pages:
- If you are ready to open your WorldCurrency account, apply online or call 800.926.4922 for more information.
- For your protection, we require that you sign and mail your application along with a deposit.
-
- EverBank, the EverBank Infinity Sphere and the EverBank logo, along with WorldCurrency are proprietary service marks of EverBank. All rights reserved.
