Crown eases significantly against both euro and dollar

The Slovak crown eased by 20 hellers against the euro on August 9 and more than 30 hellers against the dollar.

This was mainly due to a current crisis in the US real estate market, the consequences of which are beginning to affect European markets.

According to OTP Banka Slovensko dealer Eduard Pracko, problems on international markets on August 9 were set in motion by an announcement by the largest French bank BNP Paribas that it had temporarily frozen the activities of its funds due to current problems on the American mortgage market.

The crown opened the day at 33.23/27 SKK/EUR, before suffering significant losses along with other currencies in the CEE region (except the Czech crown) later in the day. Shortly before the closing bell, it stood at 33.43/44 SKK/EUR.

Meanwhile, the greenback was registering significant gains against the crown's reference currency, the euro. As a result, the crown eased against the US currency - from 24.07/09 SKK/USD in the morning to a closing rate of 24.41/42 SKK/USD.

-TASR

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

Vast damage after the supercell storm in southern Moravia.

Tornado damaged villages just across the Slovak borders

Czech authorities report three dead and hundreds of injured in southern Moravia region.


3 h
A man waits outside a mobile Covid-19 vaccination centre outside Bolton Town Hall, England, where case numbers of the Delta variant have been relatively high.

How to change people's minds about vaccination? Experts hesitant that money is the answer

The state fears a third wave may hit hard in poorly vaccinated districts. The state should try whatever could work, researcher claims.


18 h
The Weekend of Open Parks and Gardens has became a popular event in Slovakia

Pandemic highlights the importance of parks and gardens

Parks and gardens across Slovakia will open during the Weekend of Open Parks and Gardens


18 h
Marian Kocner and his lawyer at the Supreme Court

The wrong way to put things right

Overturning not-guilty verdicts, especially in cases as emotive as the Kuciak murder trial, is a very bad idea.


22 h