The kuna is the national currency of the Republic of Croatia. Your currency code, the so-called ISO code, is “HRK” and your symbol or abbreviation is “kn”. The kuna is divided into 100 lipa.
History of the Kuna
The Kuna was introduced in independent Croatia at the time of World War II. It was the means of payment between 1941 and 1945 and was then divided into 100 banica. At that time, however, there was only paper money, because the kuna was not put into circulation in coin form.
At the end of the Second World War, however, it lost its value anyway, as Croatia lost its independence and became part of the state of Yugoslavia, and thus the Kuna also lost its validity.
The kuna was introduced in 1994 during the Croatian War of Independence, which raged between 1991 and 1995, and has been considered an extremely stable currency since then, as it is very close to the exchange rate of the euro.
It is not only this fact that shows that Croatia is preparing for accession to the European Union, but also that many lucrative and important transactions are carried out on the basis of the euro, but payments are still made in kuna.
Even if it can be described as a very young currency, if one only takes into account the years of its circulation or its validity, the kuna has been exchangeable in all countries since the beginning of the 90’s. It therefore has international convertibility.
The course development is specified and determined by the Croatian National Bank. This means that this currency is handled in a different way than is the case with most other currencies. There the course is regulated by the international financial markets. Despite this rather unusual and not entirely undisputed method of rate regulation, the inflation rate has been kept low in recent years.
Exchange into Kuna
The exchange rate at which the Kuna can be obtained in Germany naturally also depends on the current exchange rate and can be determined using the currency converter. However, depending on the exchange point, there are also different fees.
Of course, as in most other cases when you travel abroad, tourists ask themselves where to change their money, in Germany or in the respective travel destination? It must be said that it is advisable to exchange your money yourself in Croatia, as the exchange rate is usually better and tourists receive more Croatian kuna for their money than would be the case in Germany.