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: High wages continue to cut profit margins

6/28/2019 2:30 PM

GDP growth was confirmed at 0.6% qoq in 1Q19 and revised up to 2.8% in a year-on-year comparison. However, the entire time series has changed. Household consumption was revised downward 0.5pp in 1Q19. Nevertheless, in a quarter-on-quarter comparison, it added 1.1%, which is still the highest pace of growth since October 2016. Fixed investment was revised slightly higher, while net exports cut GDP growth a little bit more than was previously announced (0.9 pp from quarter-on-quarter dynamics).

Autor: Jana Steckerová
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