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: Czech economy slows down

2/14/2020 4:13 PM

In 4Q20, the Czech economy slowed to 0.2%, from 0.4% qoq growth in the third quarter. This resulted in a slowdown to 1.7% year-on-year from a previous 2.5%. According to a Czech Statistical Office (CZSO) report, the services and construction sectors contributed the most to this, although we also note that the manufacturing industry no longer contributed to the added value, which was not surprising given the data coming from this sector. The slowdown in the economy is also visible in the employment trend, which decreased by 0.3% vs the previous quarter. The detailed GDP structure is not yet available and will be published in early March. The Czech National Bank projected GDP growth of 1.9% and were therefore not fundamentally different to today's statistics.

Autor: Jana Steckerová
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