The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Crown continues to strengthen vis-à-vis euro.

Crown continues to strengthen vis-à-vis euro. The appreciating trend in the exchange rate of the crown against the euro persisted again, local dealers informed. The SKK /EUR rate firmed to 35.59 or close to its all-time record level of 35.56, set during last week trading. The outlook for the crown was positive for the near term as the markets expected that the currency might test the next psychological level of 35.5. On the other hand, small corrections to the gains of the crowns during the recent weeks were also projected although the upper limit for the trading was expected at 37.7. The strong crown is likely to play a key role in the NBS decision on the interest rates, which is scheduled for next week as the exchange rate appreciation contributes to an automatic tightening of the monetary conditions and decreases chances that the central bank would hike the interest rates.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree