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: Inflation climbs upward once again
6/11/2019 1:35 PM
May’s inflation surprised us and the central bank with yoy
growth of 2.9%. Together with significant wage growth, this ties into our view
that the central bank will hike rates once more this year However, inflation
will decelerate in the coming months due to the high comparison base and will
gradually approach the central bank’s target.
Other commentaries
- 6/11/2019 1:35 PMComments on macroeconomic indicators: Inflation climbs upward once again
- 6/10/2019 1:19 PMComments on macroeconomic indicators: Share of unemployed breaks new record
- 4/30/2019 2:19 PMCzech Economic Outlook: In the minefield
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