Slovak crown dips

According to OTP Banka Slovensko dealer Eduard Pracko, the Slovak crown was losing ground on Wednesday, moving to close at around Sk33.20 per Euro, a significant drop from the Sk33-per-euro threshold that it approached on July 23.

The Slovak currency began the day at 33.210/33.240 SKK/EUR, after closing on Tuesday at 33.100 SKK/EUR. During the day it strengthened slightly, standing at 33.185/33.210 SKK/EUR just before the end of trading.

Pracko said that the significant weakening of the koruna was not expected. He added that regional influences probably played a role, along with profit-taking.

The crown also eased significantly against the U.S. dollar on Wednesday, moving from around Sk24 per dollar to 24.170/24.210 SKK/USD at the end of the day's trading. The shift was caused by strengthening of the U.S. currency against the Euro, said Pracko. Against the Czech koruna, the Slovak currency closed the day's trading at 1.180/1.181 SKK/CZK.

Although a certain amount of correction and profit-collecting is taking place at the moment, Pracko said he didn't expect the crown to move beyond Sk33.30 per Euro. In the days ahead, the dealer expects a firming trend, with a gradual shift back towards the Sk33-per-euro level.

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Dancers perform in the streets of Trenčín, spotlighting the architecture of the city.

Slovakia will open a new institute, this time in Jerusalem

Culture, sports and travel stories rounded up in one place.


23. júl
The Office of the Public Defender of Rights flies the rainbow flag to mark the Bratislava Pride in 2021.

The pandemic has made it clear that we must stand together

International friends and partners of Slovakia celebrate Bratislava Pride.


8 h

Bratislava Pride will take place online

It will be streamed on July 24 and accompanied by numerous music performances.


22. júl

News digest: Crowd blocks entrance to parliament ahead of vaccine-related vote

The youngest member of the Slovak Olympic team kicks off the games with a personal record. Extensive reconstruction of Bratislava's Michael's Tower launched.


23. júl