The koruna slightly rose against the euro. Its exchange rate was moving in a
narrow range up and down, the market is very thin and without any trend. The
koruna versus the dollar stagnated too thanks to similar development of the
EUR/USD. The CNB said that all foreign aid would be converted off the
market, in order to prevent an effect on the currency.
No change is expected
from today's Bank Board Meeting. Therefore we don't anticipate any
significant change on the market, the koruna should remain stable in the
range 30.550 - 30.700. This morning the EUR/CZK started at 30.640 and the
USD/CZK at 31.180.
open max min cls open 29/8
EUR/CZK 30,660 30,700 30,570 30,650 30,640
USD/CZK 31,250 31,250 31,140 31,200 31,180
Stepanka Kuzilkova, Investment Research, CSOB