This July the exchange rate between the Slovak crown and the euro weakened by 0.26 percent from 30.312 SKK/EUR to 30.390 SKK/EUR.
The National Bank of Slovakia reported that the average exchange rate appreciated by 0.03 percent. The Slovak crown diverged from its central parity of 30.126 SKK/EUR most significantly on July 31, when it was quoted at 30.390SKK/EUR, meaning a depreciation of 0.87 percent. The crown was traded within a very narrow band of 30.25 SKK/EUR to 30.37 SKK/EUR almost for all of July.
In July, the Slovak crown weakened against the U.S. dollar by 1.27 percent from 19.247 SKK/USD to 19.491 SKK/USD. The average exchange rate appreciated by 1.53 percent. The balance of spot transactions by foreign banks toward local banks was $348.5 million in the black, which means that foreign banks were more involved in selling the Slovak crown and buying foreign exchange. The central bank did not intervene on the FOREX market in July. 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.
27. Aug 2008 at 18:30