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.
11/10/2022 5:46 PM
Czech
inflation fell markedly from 18% yoy in September to 15.1% yoy in October. This was well below the consensus
of 17.9%, though the range of estimates was unusually large at 17.2% to 19%.
Our estimate of 17.2% yoy was the lowest in the market, while the CNB had
expected 17.4% yoy. The high variance of the estimates came as it was not clear
how the CZSO would capture the government’s measures on expensive energy in its
price statistics.