The Czech koruna continued to appreciate after the nation’s central bank had removed a cap on the currency last week.
Czech Koruna CZK
The Czech koruna is the official currency of the Czech Republic. It replaced the Czechoslovak koruna in 1993 after the dissolution of Czechoslovakia. The government planned to introduce the euro instead of the nation’s currency, but the plan was suspended as the major part of the country’s population is against such change.
Czech Koruna News Archive
Czech Koruna Soars After Central Bank Removes Cap
April 6, 2017 at 12:28 Czech Koruna
The Czech koruna soared today after the nation’s central bank removed the cap on the currency against the euro (CZK27 per euro).
Czech Koruna Slips as Central Banks Warns About Intervention
July 21, 2015 at 14:39 Czech Koruna
The Czech koruna fell against the euro today as the nation’s central bank warned about a possible intervention to curb excessive gains. The currency gained on the US dollar.
Deflationary Pressure Makes Czech Koruna Weaker
January 7, 2015 at 15:18 Czech Koruna
The Czech koruna sank today due to concerns that deflationary pressure may lead to additional monetary easing from the nation’s central bank. The currency fell more than 1 percent against the US dollar.
Czech National Bank Keeps Koruna Cap Intact
August 1, 2014 at 19:26 Czech Koruna
The Czech koruna rose against the euro today after falling yesterday as the nation’s central bank kept interest rates near zero and left the cap on the currency intact during its policy meeting. The koruna rose together with other most-traded currencies against the dollar.
Koruna Weakens as Monetary Accommodation Persists
May 7, 2014 at 18:18 Czech Koruna
The Czech koruna fell today after the central bank kept interest rates unchanged and signaled that it will not drop its accommodative policy anytime soon. The bank also kept the cap on the currency.
Koruna Slides as Czech Central Bank Maintains Intervention
December 17, 2013 at 18:39 Czech Koruna
The Czech koruna dropped today as the nation’s central bank maintained interest rates near zero and reiterated its commitment to intervene on the Forex market to keep the currency from excessive appreciation.
Czech National Bank Intervenes to Weaken Koruna
November 8, 2013 at 4:26 Czech Koruna
The Czech koruna was soft today after yesterday’s announcement of the central bank about an intervention aiming at weakening the currency. The bank left its interest rates unchanged.
Czech Koruna Gains as Central Bank Does Not Intervene
September 26, 2013 at 23:08 Czech Koruna
The Czech koruna gained today as the nation’s central bank kept monetary policy unchanged and refused to intervene by selling the currency. Chances for an intervention in the future remain high though.
Czech Koruna Rises, In Danger from Falling Inflation
September 9, 2013 at 16:44 Czech Koruna
The Czech koruna rose today even as falling inflation sparked talks about possible intervention. Some analysts think that it is a good time to sell the currency.