ALTHOUGH Slovakia's National Bank (NBS) made a verbal warning that preventative measure would be taken to stop the crown rising too quickly, the Slovak crown broke the 38.3 threshold Friday, reaching a new historical high of 38.28/31 SKK/EUR, the news agency TASR reported.
The rate of the crown is expected to go even higher against the euro, though stay somewhere between 38.2 and 38.4 SKK/EUR.
Against the Czech crown, Slovakia's currency firmed to 1.268/270 SKK/CZK, while it slightly eased to 29.45/49 SKK/USD against the U.S. dollar.
Compiled by Marta Ďurianová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
31. Jan 2005 at 11:19