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Crown begins New Year with mixed trading

The Slovak crown began the new year with mixed trading, it was reported on January 2.

The Slovak crown began the new year with mixed trading, it was reported on January 2.

In the morning, the crown firmed before easing in the afternoon and by the end of day, it had eased by a few hellers overall. In the morning, the Slovak crown started out at slightly below 33.60 SKK/EUR, OTB bank dealer Eduard Pracko told SLOVAKIA. Before noon, it firmed to 33.52 SKK/EUR as a result of news that Slovakia had done better than expected in fulfilling the state budget. This positive input didn't last long, though, and under the influence of the region, the crown eased again.

The Slovak currency closed the trading day at 33.63/33.65 SKK/EUR. Against the US dollar, the Slovak crown stood at 22.90-22.91 SKK/USD towards the end of the trading day, and against the Czech crown it was on 1.2760/1.2780 SKK/CZK. In the upcoming few days, Pracko expects the crown to experience similar mixed trading, moving within 33.50-33.80 SKK/EUR. At the moment, the Slovak currency is lacking significant domestic inputs and thus continues to be subject especially to the influence of the region. 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.

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