Czech currency breaks records

Czech currency Czech crown broke another record in the exchange rate to U.S dollars. Today in the morning the exchange rate was 21,66 CZK per USD. Up to now record was 21,72. The reason for that is a strengthening of the euro in relation to the U.S. dollar.

Czech currency is strengthening for a longer time. It is because of inflows of capital from abroad, a trade surplus and economic growth. Czech crown had the best rate to euro recently. At the beginning of November the exchange rate was 27,92 CZK per EUR.

For Czech people it means lower costs for travellers to the USA and lower prices for American products. However, it is not good news for American travellers coming to the Czech Republic.