Prague – Today, the Czech currency weakened against the euro and strengthened against the dollar. As of 5:00 p.m., the koruna weakened against the euro by five pennies to 23.76 CZK/EUR, while against the dollar it strengthened by four pennies to 22.16 CZK/USD. This follows from data on the Patria Online server. The Prague Stock Exchange rose at the beginning of the week. It follows from the data of the stock exchange website.
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The koruna has been gradually strengthening against the euro and the dollar since last November. In recent weeks, the euro has even reached its strongest position since the summer of 2008. At the beginning of February, it recorded the strongest exchange rate against the dollar in roughly a year.
The Prague Stock Exchange rose at the beginning of the week, driven mainly by ČEZ shares
The PX index strengthened today by 1.28 percent to 1398.10 points. He thus closed the strongest since February 23 last year. This was significantly helped by the shares of the energy company ČEZ, which added over 3.5 percent today. However, most index titles ended in profit.
ČEZ securities accounted for almost two-thirds of the total traded volume on the Prague market and appreciated by 3.58 percent to 1,013 crowns. “Most likely, speculation about the impending restructuring pushed the share price above the CZK 1,000 milestone,” said Komerční banka analyst Bohumil Trampota. CEZ shares have risen by almost 32 percent since the beginning of the year.
Most of the financial sector has also improved. Erste Bank added 1.06 percent to 855 crowns, Komerční banka 0.81 percent to 746.50 CZK and insurance company VIG 0.83 percent to 604 CZK. Only Moneta Money Bank ended up in the red, when it wrote off 0.24 percent to 84 crowns. “Probably as a correction after the previous post-result growth,” noted Trampota.
Czech currency exchange rate:
|
Preliminary conclusion |
Today around 17:00 |
|
|
CZK /EUR |
23.71 |
23.76 |
|
CZK/USD |
22.20 |
22.16 |
Source: Patria Online
