ISK/CZK (Czech National Bank)

The official exchange rates of foreign currencies against the Czech koruna are declared by the Czech National Bank on a daily basis during business days. The rates are established based on the situation in the interbank foreign exchange market at 14:15 local time (CET), reflecting the current market value of the currency. The list of rates is published around 14:30 and is valid since the day of its declaration. These rates are intended for the valuation of assets and liabilities in accounting, tax calculations, and customs duties, as well as for statistical reporting; however, they serve purely as an informational benchmark for commercial banks and the public, and the regulator is under no obligation to conduct currency transactions at these rates.