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Czech Koruna CZK

 

Detailed information and fundamental factors

Central Bank: Czech National Bank

Public Debt to GDP Ratio, 2016: 40.8%

Trade Balance, 2016: $9.3 bln.

Inflation, 2016: 0.5%

Sovereign Credit Ratings:

Fitch
A+
Stable
Moody's
A1
Stable
S&P
AA-
Stable

Factors of Weakness

Pegged to euro since November 2013

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 Advances After First Interest Rate Hike in Almost a Decade

The Czech koruna advanced against the US dollar today after the central bank decided to hike its key two-week repo rate.

Czech Koruna Falls as Experts Scale Back Rate Hike Expectations

The Czech koruna fell today as analysts scaled back expectations for an interest rate hike from the nation’s central bank.

Czech Koruna Gains on Monetary Policy Outlook

The Czech koruna (sometimes also called the Czech crown) gained against the US dollar today amid expectations of monetary tightening from the nation’s central bank.

Czech Koruna Continues to Appreciate After Cap Removal

The Czech koruna continued to appreciate after the nation’s central bank had removed a cap on the currency last week.

Czech Koruna Soars After Central Bank Removes Cap

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

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

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

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

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

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.

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