Slovak crown breaks more records

The Slovak crown recorded new historic highs against the euro and the US dollar on May 28, OTP Banka Slovensko dealer Eduard Pracko told the TASR newswire. As early as the morning session, the crown broke the 31 SKK/EUR threshold for the first time ever. Its current records are 30.65 SKK/EUR and 19.52 SKK/USD.

The Slovak crown recorded new historic highs against the euro and the US dollar on May 28, OTP Banka Slovensko dealer Eduard Pracko told the TASR newswire. As early as the morning session, the crown broke the 31 SKK/EUR threshold for the first time ever. Its current records are 30.65 SKK/EUR and 19.52 SKK/USD.

The crown opened trading at 31.085 SKK/EUR, said Pracko. During the first half of trading, the Slovak currency then strengthened by more than 40 hellers, and at around 1 p.m. it reached the record-breaking level of 30.65 SKK/EUR. The crown then slightly corrected, but didn’t move significantly, ending trading at 30.730/30.740 SKK/EUR.

Thanks to the significant strengthening, the Slovak currency reached a record-breaking level against the US dollar as well, at one point rising to 19.52 SKK/USD. Towards the end of trading it stood at 19.620/19.640 SKK/USD. Against the Czech crown, the Slovak currency reached the strongest level since October 2007, when it was at 1.218/1.220 SKK/CZK. In spite of the current robust levels, the Slovak currency still has room for firming, assumes Pracko. In his opinion, investors currently expect the crown's conversion rate against the common European currency to be between 30-30.5 SKK/EUR, which the market value of the crown should get to as well.

In view of the significant firming, it's possible that the revaluation of the central parity, and setting of the definitive conversion rate of the crown against the euro will take place even earlier than the expected date of July 8. 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.

Get daily Slovak news directly to your inbox

Top stories

News digest: Some schools open, so do some ski resorts

Top prosecutor to be appointed soon. Zsuzsová goes to prison in a murder case. Pezinok judges are busy deciding about custodies for high-profile suspects.

Some schools will open on December 7

Matovič pushed through testing at schools, government is launching a pilot project this weekend.

PM Igor Matovič (front) and Education Minister Branislav Gröhling  (back)

Freed in the Kuciak murder case, guilty of another murder

The Specialised Criminal Court sends Alena Zsuzsová to prison for ordering the murder of former Hurbanovo mayor. She appealed against the verdict, insists she is innocent.

Alena Zsuzsová is escorted to the courtroom.

Health Ministry gearing up for COVID vaccines

Mass campaign planned to get people to take jab.

Illustrative stock photo