ko·​ru·​na | \ ˈkȯr-ə-ˌnä, ˈkär-\
plural koruny\ ˈkȯr-​ə-​nē , ˈkär-​ \ or korunas or korun\ ˈkȯr-​ən , ˈkär-​ \

Definition of koruna 

1 the basic monetary unit of Czech Republic — see Money Table
2 [ Slovak ] : the basic monetary unit of Slovakia from 1992 to 2009

Examples of koruna in a Sentence

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The koruna, which was the best performer among the world’s major currencies in 2017, has gained 0.1 percent against the euro this year. Ladka Mortkowitz Bauerova, Bloomberg.com, "Czechs Vote Whether Pro-Russia President Zeman Gets Second Term," 12 Jan. 2018 The Hungarian forint was little changed at 314.02 per euro, after rising 0.3 percent, while the Czech koruna strengthened 0.4 percent. Adrian Krajewski, Bloomberg.com, "East European Currencies Whipsaw on Dollar Gains, EU Budget," 2 May 2018 The koruna, the world’s best-performing currency in 2017, has gained 0.6 percent against the euro this year. Michael Winfrey, Bloomberg.com, "Professor Fights Putin’s Czech Ally in Key Election," 25 Jan. 2018 The Polish zloty is undervalued by 44% against the dollar, and the Czech koruna by 28%. The Economist, "Our Big Mac index shows fundamentals now matter more in currency markets," 20 Jan. 2018 Poland’s economic performance has been robust, and the zloty has been the best performer among emerging-market currencies after the Czech koruna. Marek Strzelecki, Bloomberg.com, "Understanding Poland's Battles With the EU," 20 Dec. 2017 In some ways, its currency action was riskier than Switzerland’s because the koruna doesn’t have the same safe-haven status as the franc. Brian Blackstone, WSJ, "The Outsiders: How Europe’s Small Central Banks Weathered ECB Bond Buys," 25 Oct. 2017 In addition to cutting rates to near zero five years ago, the Czech central bank installed a peg to its currency, the koruna, of 27 to the euro in 2013. Brian Blackstone, WSJ, "Czech National Bank Raises Key Policy Rate After Nearly a Decade," 3 Aug. 2017 The koruna gained on Monday as investors focused on the country’s strong economic fundamentals and the prospect of higher interest rates. Ladka Mortkowitz Bauerova, Bloomberg.com, "Czech Magnate Struggles to Muster Majority After Election Win," 24 Oct. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'koruna.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of koruna

1930, in the meaning defined at sense 1

History and Etymology for koruna

Czech, literally, crown, from Latin corona — more at crown

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The first known use of koruna was in 1930

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