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.
8/6/2020 11:04 PM
The Czech National Bank (CNB) left interest rates
unchanged at today's meeting, as the Czech economy is recovering more quickly
than originally expected. However, the recovery itself is still on shaky
ground. We thus expect interest rates to remain low until the end of next year.
Unconventional monetary policy instruments are not currently on the table,
according to the CNB governor.
Other commentaries
- 8/6/2020 11:04 PMAd-hoc reports: Central bank again leaves rates unchanged
- 8/6/2020 12:23 PMIndicator Analysis: Industrial output and foreign trade surprised positively
- 8/5/2020 12:51 PMIndicator Analysis: Retail sales improve; unemployment rate increases only slowly
Show more