Yesterday the Czech currency recovered from the devaluation of the Hungarian
currency, which influenced the whole Central Europe. The koruna's
depreciation was stopped by Czech corporations, which made use of the weak
koruna. The rate USD/CZK began at 27,240 yesterday, and then the koruna was
strengthening the whole day and finished at 26.520.
Today the koruna opened
at 26.460 and should move in the range of 26,25 and 26,75. The exchange rate
EUR/CZK opened at 31.720 on Thursday, the Czech currency strengthened up to
31.370 till midday, but it lost a part of its profit and closed at 31.410.
Today the rate EUR/CZK has started at 31,360 and should remain between 31.25
Zdenek Safka, Investment Research, CSOB