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.
24/04/2024 10:50
Economy
starting to recover After
last year’s contraction of 0.2%, we expect GDP growth of 1.4% this year and an
acceleration to 2.2% next year. The recovery should be driven by renewed growth
in domestic demand, both consumption and investment. Continued increases in real
wages should help boost household spending. In contrast, industrial activity
will remain weak this year. Inflation
to remain close to central bank’s 2% target We expect headline inflation to reach 2.1% this
year and fall to 1.8% next year. While food prices should decline this year,
core and regulated price growth are likely to remain above 2%. In 2025,
monetary tightening will be fully reflected in core inflation and lower
wholesale energy prices in regulated prices.