On 30 April, the Czech koruna (CZK) traded at 24.9 per EUR, which was 0.5% weaker than the CZK 24.7 per EUR recorded in the previous month and marked the first depreciation recorded so far this year. At the current level, the koruna is trading 2.7% weaker than in the same month last year. After an almost uninterrupted upward trend started at the beginning of this year, the koruna lost ground in April in the midst of the political impasse suffered when the government had to face a confidence vote in the Chamber of Deputies on 27 April. The government survived the vote but political uncertainty going forward may continue to hurt the currency in the short term. The Czech National Bank expects the koruna to average 24.9 per EUR this year, before strengthening to an average CZK 24.3 EUR in 2013.
Czech Republic Exchange Rate
Czech koruna weakens in April amid political uncertainty
May 2, 2012
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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%.