24.12.202123:18 Forex Analysis & Reviews: Czech crown shows highs

The Czech koruna paired with the euro strengthened in holiday trading on Friday to its highest level since February 2020, adding weight after the central bank raised interest rates for the third time in a row this week.

Czech crown shows highs

Exchange Rates 24.12.2021 analysis

Recall that the local exchange is not working on the eve of Christmas.

The koruna is trading 0.4% higher at 25.00 against the euro at 14:36 GMT. The currency briefly broke through the psychological support level of 25 euros for the first time since the coronavirus pandemic hit the markets in early 2020.

The koruna was the most profitable currency in Central Europe in 2021 with an increase of 4.9%, which once again confirms the thesis about the benefits of the early introduction of rate hikes by the Central Bank.

The exchange rate rose 0.9% after the Czech National Bank surprised the markets on Wednesday by raising the rate by 100 basis points more than expected and said it was ready to strengthen its influence even more to contain the growth of inflation.

The bank's main discount rate now stands at 3.75%, the highest level since February 2008. This is 300 basis points higher than the rate just three months ago.

Egor Danilov,
Pakar analisis InstaForex
© 2007-2022
Manfaat dari rekomendasi para analis saat ini
Akun trading teratas
Buka akun trading

Tinjauan analitis InstaForex akan membuat Anda menyadari sepenuhnya tren pasar! Sebagai klien InstaForex, Anda dilengkapi dengan sejumlah besar layanan gratis untuk trading yang efisien.

  • Trade Wise, Win Devise
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
  • Ferrari from InstaForex
    Top up akun anda dengan dana minimal $1.000
    gabung kontes dan menangkan Ferrari
    F8 Tributo
  • Chancy Deposit
    Deposit akun anda dengan $3.000 dan menangkan $1.000
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.