Following the move, the Czech crown has an exchange rate of around EUR 1: CZK 25.18 (as of Friday morning) – the last time the national currency was this weak against the euro was around early May 2022. Since mid-April 2023, when the exchange rate was EUR 1: CZK 23.3, the crown has been on a broadly depreciating trend due to Czechia’s struggling economy, high inflation, and lack of foreign investor confidence.