Prague – Today, for the first time this week, the koruna strengthened against both major world currencies. Against the euro, the Czech currency strengthened by two pennies compared to the previous close to 24.61 CZK/EUR, against the dollar it improved by seven pennies and traded at the rate of 22.98 CZK/USD around 17:00. This follows from data on the Patria Online server.
During the day, the koruna weakened slightly against the euro, later erasing the loss. It is now only slightly below the level before the meeting of the Czech National Bank last Thursday, which left the base interest rate at seven percent. After this decision of the central bank, the Czech currency strengthened to the level of 24.40 CZK/EUR.
“However, since the beginning of this week, the koruna has been losing, and this afternoon it briefly rose to 24.67 CZK/EUR. However, after the publication of the surprising decision of the Polish Central Bank to keep interest rates at the current level, it compensated for the loss, and compared to yesterday (Tuesday) slightly strengthened,” noted Komerční banka analyst Jaromír Gec.
Today, the Polish central bank surprisingly left its key interest rate unchanged at 5.75 percent. At the same time, most analysts expected the bank to reduce the rate by a quarter of a percentage point. The Polish zloty reacted to the decision by growing.
Exchange rate of the Czech currency:
| Previous conclusion | Today around 5:00 p.m | |
| CZK/EUR | 24.63 | 24.61 |
| CZK/USD | 23.05 | 22.98 |
Source: Patria Online
The Prague Stock Exchange stagnated, CEZ shares strengthened
The Prague Stock Exchange stagnated today. The PX index fell, but only by 0.04 percent to 1375.16 points. It follows from the results of trading on the exchange’s website. A larger decline was mainly prevented by the strengthening of the shares of the energy company ČEZ. Securities of the Pilulka pharmacy chain strengthened after Tuesday’s drop, erasing part of the losses.
Of the ten main issues of the Prague Stock Exchange today, exactly half strengthened and the other half weakened. The fall of the entire stock market was prevented by CEZ shares, which achieved the largest trading volume and the second most significant growth of the main issues. They added 0.80 percent to 1,007 crowns. On Thursday morning, the company will announce its financial results for the third quarter of the year.
The biggest growth was recorded by Pilulka securities, by 1.10 percent to 275 crowns. However, they erased only a small part of the losses from the previous day, because on Tuesday they fell by almost ten percent.
Bank issues in particular dragged down the stock market. Securities of Komerční banka also closed trading in the red, recording the second largest volume of transactions from the main issues. They became cheaper by 0.45 percent to 667.50 crowns. The most significant decline affected the shares of the tobacco company Philip Morris CR, which lost 0.74 percent to 16,180 crowns.
CR currency end of exchange rates TABLE
Tags: Today koruna strengthened slightly euro dollar time week
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