Czech crown loses almost 6 pct against USD in month

Czech crown’s title of ‘Swiss franc of the East’ more fades as the currency drops most against the USD after the Hungarain forint

Economy

Tom Jones | 16.11.2011

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Czech National Bank (ČNB)

On Tuesday, for the first time since January, one USD bought over CZK 19. Over the past month the Czech crown has fallen almost 6% in value against the dollar, the second-largest depreciation of all currencies after the Hungarian forint. And while the euro has lost over 2% to the dollar in the same period, the crown has lost around 4% against the embattled common currency.

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