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

Ad-hoc reports: Rate cuts not yet on the table as inflation remains high

04/08/2023 16:19

As expected, the CNB left interest rates unchanged at yesterday’s meeting. The bank board continues to favour a strong koruna, despite the announcement of the end of the intervention regime. A further rate hike is unlikely, while still-high annual inflation prevents a rate cut at the moment, according to the board. Governor Michl said that the central bank’s next steps would depend on new data. He also noted that the debate on lower interest rates could start in the autumn. We do not expect the first CNB rate cut until February next year. However, a possible faster decline in inflation and continued subdued demand and economic activity could prompt earlier and faster rate cuts than we forecast. The tone of yesterday’s meeting can be seen as hawkish compared to financial market pricing, but dovish compared to previous CNB meetings.

Autor: Martin Gürtler
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