By 29 July, the Czech koruna (CZK) depreciated 0.6% in nominal terms over the previous month and traded at CZK 17.0 per USD. Despite the slight loss in value over the previous month, the July outturn, together with June and April, had represented the strongest level this year. The koruna has gained an accumulated 10.6% versus the USD this year and, at the current level, is trading 12.2% stronger than the same month last year. As a result of the persistent appreciation, export growth lost steam in June, rising 9.6% annually to CZK 244 billion (USD 14.5 billion), which was well below the 18.5% expansion registered in May.
Czech Republic Exchange Rate
Czech koruna depreciates slightly in July but remains firm
July 29, 2011
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Czech Republic Economic News
October 24, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from September’s 97.1 points to 97.5 points in October, marking a nine-month high.
October 10, 2016
In September, consumer prices fell 0.2% from the previous month, matching August’s reading.
October 7, 2016
Industrial production grew 13.1% year-on-year in August, which sharply contrasted the 14.1% fall registered in July and was the best result since May 2011.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit rose from August’s 50.1 to a four-month high of 52.0 in September.
September 29, 2016
At its meeting on 29 September, the Czech National Bank (CNB) decided to leave the two-week repo rate unchanged at its so-called “technical zero” of 0.05%.