By 31 August, the Czech koruna (CZK) appreciated 1.6% in nominal terms over the previous month and traded at CZK 16.7 per USD, which represented the strongest gain since April. The koruna has appreciated an accumulated 12.3% versus the USD this year and at the current level, is trading 17.4% stronger than the same month last year. Owing to the persistent appreciation of the koruna and slower demand from Germany - the Czech Republic's major trading partner - exports lost steam in July, rising 9.3% year-on-year to CZK 219 billion (USD 12.8 billion), which was below the 9.7% expansion observed in June and marked the slowest pace since December 2009.
Czech Republic Exchange Rate
Czech koruna strengthens in August and maintains solid momentum
August 31, 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%.