Spectator on facebook

Spectator on facebook

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

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.