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.
29/01/2025 16:18
Czech
economic growth to remain relatively weak this year While we estimate GDP growth at 0.9%
in 2024, we expect it to accelerate to 1.5% in 2025. In our view, the only
source of economic growth this year will be domestic demand, driven mainly by a
continued recovery in household consumption. By contrast, industry is likely to
contract for the third year in a row, contributing to a lower export
performance of the economy. Inflation
to stabilise close to the 2% target in 2H25 The first half of the year could be marked by
higher volatility, but inflation should remain safely within the CNB’s
tolerance band. We expect inflation to be 2.2% in 2025 as a whole and to fall
to 2.1% in 2026. Our expectation for easing inflation is based on cheaper
energy, subdued consumer demand and weak industrial output. On the other hand,
food and housing prices are likely to rise more sharply.