The exchange rate EUR/CZK started at 31.440. The koruna went on to weaken up
to 31,450 in the morning, but the turnover was minimal due to holidays in
London. The revision showed better first quarter foreign trade data, which
later supported the koruna up to 31.430.
Today the koruna began at 31,430
and should move in the range of 31,30 and 31,60. The koruna firmed also
against the dollar together with the development on Eurodollar markets. On
Monday the rate USD/CZK opened at 26.620 and closed at 26.440. It started at
26.500 today and should move between 26.30 and 26.80.
Zdenek Safka, Investment Research, CSOB