Czech currency is doing well

Published: 14.11.2017 Related countries:  Egypt Egypt

Great expactation for Czech currency

Koruna set to grow substantially in 2018

Czech koruna is set to grow substantially in 2018, Reuters´analysts argue. The growth will be driven by increasing attractiveness of the Czech Republic as the most rapidly growing economy in the region. Komerční Banka´s economist Marek Dřímal says in an interview for daily E15 that CZK/EUR exchange rate will reach ca. 24.70 by the end of 2018. The koruna would thus appreciate more than 3% against the current situation. The Czech currency´s development complicates the situation for Czech exporters.