On Friday the Czech currency opened at 31.885 against the euro and at 27.262 against the dollar. The koruna weakened to 32.015 per euro in the morning, but started appreciating in the afternoon and closed at 31.828. It depreciated against the dollar with exception of first morning hours and closed at 27.390. Today the rate USD/CZK opened at 27.600 and should stay in a range of 27.30 and 27.90. Against the euro the koruna began at 31.890 this morning and should move between 31.65 and 32.10. We do not expect any important events on our domestic scene; the rates might be influenced by Euro-dollar market development.
CSOB, Investment Research