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The koruna against the euro strongest in more than nine years. How complications vid analysts?

So strong crown k euros vce ne devt let was not. In the evening, the domestic currency strengthened the single European currency to 24.695 euro, which is the strongest level for her since 2012. According to chief analyst Patrie Tom Vlk, the exchange rate esk nrodn bank and an overview of rates in December. At the beginning of the new year, death will help keep the mood at risk in major markets.

rove 25,00 EUR/CZK broke through esk crown at the end of last year, when after a series of unexpected sharp gains, the stock rate came into a positive wave. Long-term records in favor of stronger crown fell and believe.

At the turn of the year, the liquidity in the market, when there is not so much trading and several of these transactions, could affect the exchange rate, the chief economist of the Czech Banking Association pointed out in a commentary. Jakub Seidler. According to him, he also has a traditional list of gyms crown at the beginning of the year, when the players on the financial market will start to open their positions again. The role that a positive effect on the koruna will be launched by the sales proceeds from foreign exchange reserves NB. S nm m NB zat this January. Trend gym crown According to Seidler, this has been evident since the end of November, when concerns about the market began to subside new mutation coronavir.

View on historick vvoj esk crown k euros until 1 January 2022:

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SOB analysts were led by an aggressive policy NB I broke the key bars to write a medium-sized insight into the Czech currency. From NB Now expect rates to rise at the standard and average session by a quarter of a percentage point to 4.5 percent. Markets expect such a movement of rates, but you know the rates and years of differences eurozn they can crown to help, said the chief economist of Patria in a morning comment Jan Bure.

On the contrary, slow growth pay v mind he could play a role, according to Bure protiinflanho factor and jestby from Pkop a little slow. Complications for the koruna could be a clear export at the end of last year and weak performance trade balance.

November as a result foreign trade a mind let’s know u this week. Klovm slem will be a bag and gave the number of December esk inflation, kter m potencil crown at least short-term assistance, Bure said in the latest analytical material, dedicated to the esk crown.

How will it be with crown in dalch mscch?

NB pedpokld prmrn Czech crown exchange rate in the first quarter of this year at 24.4 K for euro and gradually gyms and on border 24 K for euro at the end of the year. According to Seidler, however, it has been achieved border 24 K for euro zd i nyn “pomrn optimistick”. rovn 24.5 K yes crown this year I will reach it relatively quickly, under which the bag will get harder according to our opinion, said Seidler. The role of the fast-paced, unexpected tightening of policy will play a role american central bank, co by pes poslen dollar we euros was negative for Czech crown exchange rate we euros. Silnj Czech crown exchange rate a little with zmrnit jestb rtoriku NB.

So Bure and SOB analysts say profits esk crown compared to the last November forecast NB a little slow. While their duty for est msc is the exchange rate around 24.50 EUR/CZK, NB m 24,10 EUR/CZK.

Prognosis NB for autumn course 2021 (zveejnn 4. 11. 2021):

74

Sources: Patria.cz, Reuters, NB, BA

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