Tag: crown

A strong crown reduces the price of a holiday
Investment

A strong crown reduces the price of a holiday

Since the arrest in July, the Czech crown has had a persistent desire to strengthen. The euro, the US dollar and the British pound cannot be sure of them. The koruna has been strengthening against Central European currencies for a long time. For the Hungarian forint, it even reached historical highs last week. In the last year, the koruna has undergone a relatively calm development. She remained subject to the dramatic fluctuations she went through during the height of the crisis. In particular, in the long run, its development can be described as a small gym without dramatic deviations. The current exchange rate of the koruna is above the price level of 25 crowns / euro, which it reached by sending two percent over the last ...
ei restricted leave abroad.  The crown weakened for me, and the travelogue
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ei restricted leave abroad. The crown weakened for me, and the travelogue

Although they went on holiday abroad last year, on the contrary, the interest increased by part of stays in the country. According to a tourism entrepreneur, the reason could also be the weak koruna, which broke through foreign trips. Egypt and Hungary were hit by loskch holidays, and the decline in turnover from Turkey and France declined. Croatia left Stlic. While the number of entries abroad fell by three percent to 4.06 million, the length of trips in the country was eight percent more – a total of 7.7 million. It follows from the current data of the Czech statistical series (S).According to the Association of Travel Agencies, the decline in foreign travel is due to the first weak Czech currency. At the entrances abroad, ...
The Czech National Bank will run the weak crown until 2015
Courses

The Czech National Bank will run the weak crown until 2015

Dra imports and benefits for esk exports will take less than a year to go. The Czech National Bank has confirmed its initial estimates that foreign exchange interventions, which artificially weaken the koruna, will last until the end of 2015. At the end of November, the NB decided to weaken the koruna to the level of 27 crowns per euro.The two-year exchange rate of 27 crowns per euro, at least until the end of 2015, was announced at a press conference by NB Bank Governor Miroslav Singer. The bank considers this to be an appropriately chosen cl.“In other words, the bundle is long-term and salary as long as the risk of a bedding inflation lasts at two percent,” Singer said. According to the governor, the interventions should help...
The weakening of the crown could end in the arrest of five years, says Singer
Courses

The weakening of the crown could end in the arrest of five years, says Singer

The artificial weakening of the koruna, which was launched by the Czech National Bank last November, could end at the end of five years. Then a new forecast of the central bank. However, the Bank Board stated in a fourth statement that the assumption of maintaining the union to keep the exchange rate of 27 crowns per euro “at least until the end of 2015”.“In its forecast, the NB reflects the improved current situation in the Czech economy. From the development described in the forecast, it follows logically that the exchange rate bundle will end at the turn of this year and the first year. If the koruna’s exchange rate then behaves normally, the NB will subsequently be able to increase its annual rates. However, you should not...