On 30 September, the Czech koruna traded at CZK 24.8 per EUR, which represented a 2.6% nominal depreciation compared to the CZK 24.1 per EUR observed last month, and marked the sharpest monthly drop since October 2009. The September depreciation ended the almost uninterrupted positive trend observed since January and, at the current level, the koruna is trading 0.6% weaker than the same month last year. That said, the koruna has appreciated an accumulated 1.2% versus the EUR this year, following a strong 3.9% appreciation in August. The depreciation of the Czech koruna versus the EUR follows the recent weakening of the euro, which by 30 September depreciated 7.1% in nominal terms against the USD, as market participants remain cautious about the challenges faced by policymakers in the Eurozone as they struggle to find a solution to the ongoing debt crisis. Meanwhile, Czech monetary authorities recently stated that fiscal austerity measures in the Eurozone are likely to hurt demand for Czech exports, and risks to its economic forecasts makes lower interest rates ?significantly? more probable.
Czech Republic Exchange Rate
Czech koruna posts sharpest monthly fall in two years
October 13, 2011
Looking for forecasts related to Exchange Rate in Czech Republic? Download a sample report now.
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.