Crown at highest level against euro since start of interventions in 2013

The Czech crown on Wednesday reached its highest level against the euro since November 2013, when the Czech National Bank launched a currency intervention policy aimed at keeping the crown weak. According to Patria Finance, the crown stood at 26.02 to the euro on Wednesday morning. Under the central bank’s weak crown policy – which came to an end in April – the exchange rate hovered around the 27 to the euro mark.

Author: Ian Willoughby