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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

Fixed Income Reports: Everything you always wanted to know about CNB QE

4/2/2020 8:17 AM

The CNB has signalled the possibility of the first government bond purchase programme as part of the central bank’s toolkit to maintain liquidity in the financial system. We assume that the reason for triggering CZGB purchases would be a sudden sell-off by foreign investors caused by global market stress or a further widening of the public finance amid shallow capacity of the CZGB market. Quantitative easing would thus lead to restructuring of CZGBs holders, a bull flattening of the yield curve and a weaker CZK in the medium term. However, the form that the purchases would take and the legislative framework remain uncertain. At the same time, the need to support liquidity and the CZGB market has eased considerably for now, following successful auctions by the MinFin over the last week.

Autor: František Táborský,Jana Steckerová
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