Exchange Rate in Czech Republic
Czech Republic - Exchange Rate
Czech koruna weakens in April amid political uncertainty
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 Data
|Exchange Rate (vs USD)||19.89||22.83||24.82||25.64||21.29|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Exchange Rate Chart
Source: Thomson Reuters.
Czech Republic Facts
|Bond Yield||1.85||-1.85 %||May 13|
|Exchange Rate||22.92||-0.66 %||May 13|
|Stock Market||1,044||-0.10 %||May 13|
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May 15, 2019
Annual GDP growth slowed a notch in the first quarter of the year in seasonally- and price-adjusted terms (Q1 2019: +2.5%; Q4 2018: 2.5%), broadly in line with market expectations.
May 13, 2019
Consumer prices rose 0.1% from the previous month in April, following March’s 0.2% month-on-month increase.
May 9, 2019
Industrial production rose a marginal 0.1% year-on-year in March, moderating from February’s 1.5% increase.
May 2, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, fell from 47.3 in March to 46.6 in April, marking the fifth successive monthly contraction of the all-important sector and the lowest reading since December 2012.
May 2, 2019
On 2 May, the Bank Board of the Czech National Bank (CNB) unanimously decided to lift the two-week repo rate by 25 basis points to 2.00%, marking the first rate hike of the year.