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.
1/13/2021 12:58 PM
Due to a fall in food prices, inflation slowed
down more than expected. Core inflation remains elevated. We still expect
inflationary pressures will ease due to weakened demand. At the beginning of
the year, inflation should be below 2%. Inflation is below market and CNB
expectations, and speculation on future rate hikes is declining.
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