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Czech Republic horuna Markets

CZK Currency Update - Our review of Czech Republic horuna forecasts and news plus charts and historic rates. Check CZK Trends over various time periods.

 

The recent performance of the USD to CZK exchange rate shows some volatility, influenced by both U.S. and Czech economic data. The USD experienced a notable increase following stronger-than-anticipated U.S. payroll figures reported in June, which came in at 147,000, exceeding forecasts of 110,000. This boost in jobs data, alongside a decrease in the unemployment rate and a robust ISM services PMI, has strengthened the U.S. dollar.

Analysts emphasize that the dollar's value is contingent upon Federal Reserve monetary policy, where higher interest rates make the currency more attractive to investors. Conversely, dovish policy signals can weaken demand for the dollar. The current global context, marked by geopolitical tensions and economic uncertainty, tends to bolster the USD's position as a safe-haven currency.

Meanwhile, the Czech koruna has faced downward pressure, particularly following a surprise rate cut in Poland, which affected nearby currencies, albeit to a lesser degree. The Czech economy's close ties to a faltering German economy, alongside stagnant growth indicators, contribute to a cautious outlook. The Czech National Bank has maintained interest rates at 7% since June last year and is not expected to alter this stance soon, as inflation rates have shown signs of easing but remain elevated at 8.8%.

Current price data indicates that the USD to CZK exchange rate is trading at 20.93, which is 4.4% below its three-month average of 21.89, reflecting a significant price range fluctuation between 20.90 and 23.15. Forecasts suggest that the USD may continue to rise against the CZK if U.S. economic data remains strong, while any shifts in Czech monetary policy or further deterioration in the German economy could intensify pressures on the koruna.

Investors are advised to monitor upcoming Federal Reserve meetings and U.S. economic reports, as these will likely have the most immediate impact on the USD's strength against the CZK. The interconnectedness of global markets means that any significant changes in economic policy or unexpected data releases can result in rapid shifts in exchange rates, making it crucial to stay informed.

 

US dollar to Czech Republic horuna - USD/CZK Trend

 
USD to CZK at 20.93 is 4.4% below its 3-month average of 21.89, having traded in a quite volatile 10.8% range from 20.90 to 23.15
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CZK
 
+0.1%
90d-lows
 
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Top CZK Rates


Czech Republic horuna to US dollar
CZK to USD at 0.047778 is 4.5% above its 3-month average of 0.045702, having traded in a quite volatile 10.8% range from 0.043204 to 0.047853
CZK to USD
0.047792
-0.2%
90d-highs

Czech Republic horuna to Euro
CZK to EUR is at 90-day highs near 0.040600, 1.1% above its 3-month average of 0.040148, having traded in a very stable 2.5% range from 0.039593 to 0.040600
CZK to EUR
0.040575
+0.1%
90d-highs

Czech Republic horuna to Canadian dollar
CZK to CAD at 0.064861 is 2.8% above its 3-month average of 0.063106, having traded in a relatively stable 6.1% range from 0.061495 to 0.065263
CZK to CAD
0.065057
-0.3%

Czech Republic horuna to British pound
CZK to GBP at 0.034967 is 2.4% above its 3-month average of 0.034147, having traded in a quite stable 4.4% range from 0.033621 to 0.035095
CZK to GBP
0.034998
-0.4%

Czech Republic horuna to Indian rupee
CZK to INR at 4.0805 is 4.3% above its 3-month average of 3.9111, having traded in a quite volatile 10.9% range from 3.6952 to 4.0963
CZK to INR
4.1006
-0.4%
90d-highs

Czech Republic horuna to Japanese yen
CZK to JPY at 6.9123 is 4.7% above its 3-month average of 6.5989, having traded in a fairly volatile 10.0% range from 6.2873 to 6.9168
CZK to JPY
6.9046
+0.5%

Czech Republic horuna to Australian dollar
CZK to AUD is at 60-day highs near 0.072685, 2.1% above its 3-month average of 0.071168, having traded in a quite stable 5.3% range from 0.069347 to 0.073034
CZK to AUD
0.072920
60d-highs

Czech Republic horuna to Singapore dollar
CZK to SGD at 0.060877 is 2.7% above its 3-month average of 0.059295, having traded in a quite stable 5.0% range from 0.057985 to 0.060909
CZK to SGD
0.060858
-0.1%
90d-highs

Czech Republic horuna to Chinese yuan
CZK to CNY at 0.3423 is 3.6% above its 3-month average of 0.3303, having traded in a fairly volatile 8.8% range from 0.3153 to 0.3429
CZK to CNY
0.3424
-0.2%
90d-highs