FX market is a global market with a very high liquidity and trade volumes. This global market is open 24/7 except for the weekends and a few selected public holidays. The interbank trades are done through electronic systems EBS and Thomson Reuters Dealing. FX market is decentralized, which means there is no central exchange and the trades are realized on the over-the-counter (OTC) basis. Komerční banka enables access to this market through dealing and KB eTrading electronic platform.
The quotes are derived from the current rates on the interbank market. The bid-offer spread represents the spread for a typical client trade.
Exchange rates list states the rates at which it is possible to buy or sell foreign currencies for Czech Crowns at any KB branch in cash (banknotes) or cashless transactions.
24/07/2024 13:45
Slow
economic recovery After
last year’s stagnation, we expect GDP growth of just 0.7% this year and an
acceleration to 1.9% next year. This is a worse outlook than our previous
forecast, but we still expect stronger household consumption to contribute to
the economic recovery, supported by continued real wage growth. We see
industrial activity remaining weak this year. Inflation
to fall below target by 2025 We estimate that inflation will average 2.3% this year and decline to
1.7% next year. We expect it to be pushed below the 2% target mainly by lower
growth in core and regulated prices, reflecting an excessively tight monetary
policy, still-weak demand and falling energy prices. CNB to
cut interest rates further While central bankers have pointed to a slowdown in the pace of rate
cuts, recent data support further significant monetary easing. We expect the
key repo rate to end the year at 3.75% and to reach its terminal level of 3.5%
in February next year.