Czech Crown goes up to 24 czk : 1€

The Czech crown is again moving the frontiers, as on wednesday it was traded for 24,06 czk/eur. It gets stronger every month.

The development is heavily influenced by weakening American dollar. Towards him, the Czech crown trades for 15,52 czk/usd. The level of 24 czk for an Euro is within reach. It is very real, czk will get over it and continue strengthening.

The real impact of the situation is that Czech exporters have real losses, e.g. the clothing company OP Prostejov announced they have to close some of their premises because of the strong currency. On the other hand, Czechs who want to travel can buy their Euros, Dollars and Pounds really cheap.

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