Crown posts another high against US dollar

The Slovak crown opened trading at 32.330/350 SKK/EUR on March 13.

The Slovak crown opened trading at 32.330/350 SKK/EUR on March 13.

UniCredit bank dealer Michal Baránek informed SITA that investors purchased a bigger volume of euros on a lower liquidity, which pushed the Slovak crown to 32.380/400 SKK/EUR. Afterwards, the players showed interest in the Slovak currency again and at around 10:30 the exchange rate was at 32.340/360 SKK/EUR.

"Despite the fact that all regional currencies weakened, the Slovak crown is maintaining relatively stable levels," the dealer said.

He assumes that the exchange rate against the euro should not step out of a band from 32.200 SKK/EUR to 32.450 SKK/EUR. In the coming days, the Slovak crown could gradually reach 32.000 SKK/EUR.

The US dollar recently fell to another historic low against the euro at 1.5630 USD/EUR. SITA

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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