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Slovak Crown sets new record against dollar

On April 16, the Slovak crown firmed against the US dollar to a new record of 24.58 SKK / 24.59 USD.

OTP Banka Slovensko dealer Juraj Mitošinka said that the crown has been strengthening against the dollar for some time now, with the exchange rate reaching a two-year record last week.

However, this wasn't caused by the Slovak currency's development, but rather by the continuing weakening of the US dollar against the euro. Neither was the crown influenced by the published data on harmonized inflation in Slovakia today, as the numbers were no surprise for the market, OTP Banka Slovensko dealer Eduard Pračko has said.

Towards the end of trading Monday, the crown was oscillating at 33.35 SKK /33.37 EUR. Against the US dollar, the crown stood at 24.62 SKK / 24.63 USD.

Compiled by Zuzana Vilikovská from press reports
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