Currencies
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.
Current rates
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
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.
Related commentary and analysis
Comments on macroeconomic indicators: Share of unemployed remained flat; retail sales slightly disappointed
10/8/2019 3:11 PM
August
retail sales came in behind our expectations. Consumers went on holiday and
spent their money elsewhere. However, thanks to solid wage growth, the outlook
for Czech retail remains favourable, at least for the rest of the year. The
share of unemployed remained unchanged at August’s level. Due to the decline in
seasonal works, we expect the share of the unemployed to slightly increase in
the coming months.
Other commentaries
- 10/8/2019 3:11 PMComments on macroeconomic indicators: Share of unemployed remained flat; retail sales slightly disappointed
- 9/25/2019 5:34 PMAd-hoc reports: Two CNB members votes for rate hike
- 9/10/2019 1:12 PMComments on macroeconomic indicators: Inflation in August still close to 3%
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