Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • noun The primary unit of currency in Slovakia before the adoption of the euro.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun The currency of the former Czechoslovakia, divided into 100 hellers.
  • noun The currency of the Czech Republic, divided into 100 hellers.
  • noun The former currency of Slovakia, divided into 100 haliers.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • noun the basic unit of money in Czech Republic
  • noun the basic unit of money in Slovakia

Etymologies

from The American Heritage® Dictionary of the English Language, 4th Edition

[Czech and Slovak, from Latin corōna, crown; see crown.]

from Wiktionary, Creative Commons Attribution/Share-Alike License

From Czech koruna; cognate with krone and German Krone.

Support

Help support Wordnik (and make this page ad-free) by adopting the word koruna.

Examples

  • Some analysts have said the Czech low interest rate environment could lead to renewed interest among investors to use the koruna as a low-cost funding currency for investments in other, higher-yielding denominations in a strategy called 'the carry trade'.

    Czech Central Banker: No Reason to Alter Rate Policy Sean Carney 2011

  • Finance minister Miroslav Kalousek said cancelling the planned reduction to state support would add an additional six billion koruna $368.34 million to the fiscal deficit.

    Czech President Criticizes Court's Ruling on Austerity Law Sean Carney 2011

  • Other currencies that got a mention as alternative safe-havens include some emerging-market currencies such as the Singapore dollar, the Korean won, the Malaysian ringgit and the Czech koruna.

    Yen, Franc to Keep Haven Appeal Eva Szalay 2011

  • Mr. Singer said it is too early to say whether this ECB move could lead to a strengthening of the koruna.

    Czech Central Banker: No Reason to Alter Rate Policy Sean Carney 2011

  • On Friday, CEZ shares shed 1.8% to 840 koruna, while the PX index fell 2.5% to 1,092.40.

    CEZ Still Radiant on Nuclear Power Sean Carney 2011

  • For instance, the Polish zloty is down 8% this year, while the Czech koruna has strengthened a little more than 2% thanks in part to the country's solid domestic finances.

    Interesting Times in Europe's Other Periphery Alen Mattich 2011

  • A stronger koruna could hurt exports and growth, he has said.

    Central Europe Faces Price Pressures Marcin Sobczyk 2011

  • The Czech Republic's central-bank governor, Miroslav Singer, has said the bank is deliberately keeping interest rates lower than those in the neighboring euro zone to prevent an inflow of money that would push up the value of the Czech currency, the koruna.

    Central Europe Faces Price Pressures Marcin Sobczyk 2011

  • More-obscure pairs, which don't trade in such high volumes and thus are prone to bigger swings, are now restricted to a 25-to-1 leverage ratio, such as the U.S. dollar/Czech koruna and U.S. dollar/Mexican peso.

    Is Currency Trading Worth the Risk? Stephen L. Bernard 2011

  • Concorde said CEZ, second only to Électricité de France SA in terms of export volume, is going to benefit from the German shutdown via increased production and last week upped its recommendation on the utility to "overweight" from neutral and maintains a target price of 1,002 koruna.

    CEZ Still Radiant on Nuclear Power Sean Carney 2011

Comments

Log in or sign up to get involved in the conversation. It's quick and easy.