On 31 January, the Czech koruna (CZK) traded at 25.2 per EUR, which was 2.4% stronger than the previous month. The figure contrasted the 1.9% depreciation recorded in December. Nevertheless, at the current level the koruna is trading 3.9% weaker than the same month last year. Despite the gain observed by the end of January, the koruna has lost some ground since August 2011, when the CZK traded at its strongest level in three years. The Czech koruna strengthened in January on speculation that a resolution of the Greek crisis will increase appetite for assets in emerging markets. Meanwhile, the Czech National Bank expects the koruna to average 24.9 per EUR this year, before strengthening further to an average CZK 24.3 EUR in 2013.
Czech Republic Exchange Rate
Czech koruna strengthens in January
January 31, 2012
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Czech Republic Economic News
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%.
September 26, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from August’s 96.8 points to 97.1 points in September, marking a seven-month high.