Czechia is not yet a member of the euro area. The Czech koruna has not yet joined the Exchange Rate Mechanism (ERM II). Exchange rate. The current euro to Czech koruna foreign exchange reference rate can be consulted on the website of the European Central Bank (updated daily). Adoption of the euro: Czechia does not have a target date to adopt European Union member states 20 in the eurozone 1 in ERM II, without an opt-out ( Bulgaria) 1 in ERM II, with an opt-out ( Denmark) 5 not in ERM II, but obliged to join the eurozone on meeting the convergence criteria ( Czech Republic, Hungary, Poland, Romania, and Sweden) Non-EU member states 5 Tips for travelers about Czech currency. These are precious insider TIPs on how to save money in Prague: 1. Best way to get Czech currency: Use ATM. ATMs are the best way to get the Czech koruna. Always look for an ATM of some BANK with a big name: e.g. KBC, Erste, Société Génerale/Komerční Banka, UniCredit, Česká Spořitelna, AirBank Czechia still not ready to adopt the euro The Finance Ministry and Czech National Bank said the country will not meet the required targets in the near future. Written by Expats.cz Staff Published on 07.12.2022 11:00:00 (updated on 07.12.2022) Reading time: 3 minutes Daily News Economy Euro banknotes. Photo: iStock, tomograf. Newsletters sign-up The official currency of the Czech Republic is the Czech Koruna (CZK). 3. Denmark (Outlier) Denmark's official currency is the Danish Krone (DKK). Denmark is legally exempt from ever adopting the euro, despite meeting all requirements. 4. Sweden Sweden's official currency is the Swedish Krona (SEK). 5. Hungary Russia Russia has one of the lowest valued currencies in Europe, at 1 ruble equivalent to 0.014 US cents. It also features relatively cheap prices for foreign visitors and a low buying power when Russians travel abroad with rubles to convert. It is also a unique case because it will "never" join the EU. Iceland The Czech Republic meets two of the five conditions for joining the euro as of June 2022; their inflation rate, not being a member of the European exchange rate mechanism, and the incompatibility of its domestic legislation are the conditions not met. PRAGUE, Nov 2 (Reuters) - The next Czech government will not adopt the euro, the man tipped to be the finance minister in the new centre-right coalition said on Tuesday. Although the five parties The Czech Republic has no plans to adopt the euro anytime soon, Prime Minister Petr Fiala said amid rising concerns from Czech economists. As Croatia was recently given the Commission's The Czech Republic is not ready to meet the criteria for joining the Eurozone and the government should refrain from setting a date for adopting the euro, for now, a document presented by the finance ministry and the Czech National Bank says. 1E0Yb.