Without euro adoption, Slovak crown would be weaker now: bank

The exchange rate of the Slovak crown and euro would be between 33.50Sk/€ and 37.50Sk/€ if Slovakia had decided not to join the eurozone as of January, according to UniCredit Bank analysts.

The exchange rate of the Slovak crown and euro would be between 33.50Sk/€ and 37.50Sk/€ if Slovakia had decided not to join the eurozone as of January, according to UniCredit Bank analysts.

They estimated the exchange rate by taking into consideration the exchange rate movements of currencies in the Visegrad 4 Group of countries. Analyst Ľubomír Koršňák said that the current turbulence on the financial markets as a result of the financial crisis would have weakened the exchange rate.

After the decision to adopt the euro and after setting the official conversion rate, the fluctuation in the market exchange rate of the Slovak crown became less marked, whereas swings in the exchange rates of the other regional currencies became greater.

The UniCredit Bank analysts said that the decision to adopt euro has proven to be right during the present time of financial crisis. 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.

Top stories

PM Eduard Heger

Non-vaccinated will not pay for tests for work, school or shops

Hundreds of people protested against the amendment that the parliament passed on Sunday morning.


21 h
Dancers perform in the streets of Trenčín, spotlighting the architecture of the city.

Slovakia will open a new institute, this time in Jerusalem

Culture, sports and travel stories rounded up in one place.


23. júl
The Office of the Public Defender of Rights flies the rainbow flag to mark the Bratislava Pride in 2021.

The pandemic has made it clear that we must stand together

International friends and partners of Slovakia celebrate Bratislava Pride.


24. júl

Bratislava Pride will take place online

It will be streamed on July 24 and accompanied by numerous music performances.


22. júl