Czech crown hits new record against dollar

The Czech crown closed trading on Monday on all time record high of 19.28 CZK against the American dollar according to the Patria Online financial news website. The crown has been doing well in recent weeks against the dollar, which has been hit badly by fears of an economic slowdown in America. The low value of the dollar means that commodities such as petrol, gas and electronic goods are now much cheaper for Czechs although there are concerns that the crown's continuing strength against the dollar could hurt Czech exporters.

Author: Coilin O'Connor