Czech Koruna RateCZK/MDL
Currency calculator
100,00 CZK =
82,46 MDL
1 CZK = 0.8246 MDL · 1 MDL = 1.2127 CZK
History CZK/MDL
The Czech Koruna (CZK) and Moldovan Leu (MDL)
The Czech koruna is the official currency of the Czech Republic, one of the most advanced economies in Central Europe. Its ISO 4217 code is CZK, and its symbol is Kc. The modern Czech koruna was introduced in 1993 following the peaceful dissolution of Czechoslovakia. The CZK/MDL exchange rate reflects the growing economic ties between the Czech Republic and Moldova, particularly in labor migration and development cooperation.
Czech Republic as a Labor Destination for Moldovans
The Czech Republic has become a significant destination for Moldovan workers, especially in the manufacturing, construction, and services sectors. The country's low unemployment rate and chronic labor shortage have prompted the Czech government to simplify employment procedures for non-EU citizens, including Moldovans. Special recruitment programs and bilateral labor agreements have contributed to a growing number of Moldovans working legally in the Czech Republic. Remittances sent from the Czech Republic to Moldova make tracking the CZK/MDL exchange rate essential for many families.
The Visegrad Group and Cooperation with Moldova
The Czech Republic is part of the Visegrad Group (V4) alongside Poland, Hungary, and Slovakia. This regional bloc has actively supported Moldova's European aspirations. Within the V4 framework, the Czech Republic has co-funded technical assistance projects, institutional reforms, and modernization programs in Moldova. Visegrad cooperation has also facilitated political dialogue and advanced Moldova's European integration process.
Czech Development Aid to Moldova
The Czech Republic includes Moldova on its priority list for official development assistance. The Czech Development Agency (CzDA) funds projects in areas such as democratic governance, public administration reform, private sector development, and agriculture. Czech expertise in economic transition is particularly relevant for Moldova, given the similar paths of post-socialist reform that both countries have navigated.
Czech Koruna Stability and Monetary Policy
The Czech National Bank (CNB) is recognized for its prudent monetary policy. The koruna is considered one of the most stable currencies in Central Europe, with controlled inflation and effective exchange rate management. Between 2013 and 2017, the CNB maintained an artificial floor on the CZK/EUR exchange rate to stimulate the economy — an instructive case of monetary policy for small open economies like Moldova's.
Czech-Moldova Bilateral Trade
Trade between the Czech Republic and Moldova has grown steadily. The Czech Republic exports industrial equipment, automobiles, chemicals, and pharmaceuticals to Moldova, while Moldova supplies agricultural products, textiles, and components. This expanding trade relationship contributes to demand for CZK/MDL conversion on the foreign exchange market and strengthens the case for careful monitoring of this currency pair.
FAQ
How many Moldovans work in the Czech Republic and how does this affect the CZK/MDL rate?
Thousands of Moldovan citizens are legally employed in the Czech Republic, predominantly in manufacturing, construction, and services. Remittances from the Czech Republic generate steady demand for CZK to MDL conversion. The official CZK/MDL rate is set daily by the National Bank of Moldova (NBM) based on interbank transactions.
How does the Visegrad Group (V4) influence economic relations with Moldova?
The Visegrad Group (Czech Republic, Poland, Hungary, Slovakia) actively supports Moldova's European path. V4 co-funds technical assistance projects, institutional reforms, and development programs in Moldova. This regional cooperation also facilitates trade, investment, and labor mobility between V4 members and Moldova.
What development projects does the Czech Republic fund in Moldova?
The Czech Development Agency (CzDA) funds projects in Moldova in areas including democratic governance, public administration reform, private sector development, and agriculture. Moldova is on the Czech Republic's priority list for development assistance, reflecting the Czech commitment to Moldova's economic and institutional modernization.
Why hasn't the Czech Republic adopted the euro and how does this affect transfers to Moldova?
The Czech Republic, an EU member since 2004, has postponed euro adoption to maintain control over monetary policy. The Czech National Bank (CNB) sets interest rates independently. Transfers from the Czech Republic to Moldova involve a separate CZK/MDL conversion. Services like Wise and Revolut offer competitive rates for this currency pair.
What are the main goods traded between the Czech Republic and Moldova?
The Czech Republic exports industrial equipment, automobiles, chemicals, and pharmaceuticals to Moldova. Moldova supplies agricultural products (fruits, wines, vegetables), textiles, and industrial components to the Czech Republic. Bilateral trade is growing, stimulated by the EU-Moldova Association Agreement and Visegrad cooperation.
What is the best way to send money from the Czech Republic to Moldova?
Main options include: Wise and Revolut offering rates close to the official NBM rate with fees of 0.5-1.5%; Western Union and MoneyGram for cash pickup at locations across Moldova; and bank transfers which are secure but involve higher SWIFT fees. Czech banks such as Ceska sporitelna and CSOB also offer international transfer services.