from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun The primary unit of currency in Slovakia before the adoption of the euro.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun The currency of the former
Czechoslovakia, divided into 100 hellers.
- noun The
currencyof the Czech Republic, divided into 100 hellers.
- noun The former currency of
Slovakia, divided into 100 haliers.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun the basic unit of money in Czech Republic
- noun the basic unit of money in Slovakia
from The American Heritage® Dictionary of the English Language, 4th Edition
from Wiktionary, Creative Commons Attribution/Share-Alike License
Some analysts have said the Czech low interest rate environment could lead to renewed interest among investors to use the koruna as a low-cost funding currency for investments in other, higher-yielding denominations in a strategy called 'the carry trade'.
Finance minister Miroslav Kalousek said cancelling the planned reduction to state support would add an additional six billion koruna $368.34 million to the fiscal deficit.
Other currencies that got a mention as alternative safe-havens include some emerging-market currencies such as the Singapore dollar, the Korean won, the Malaysian ringgit and the Czech koruna.
Mr. Singer said it is too early to say whether this ECB move could lead to a strengthening of the koruna.
On Friday, CEZ shares shed 1.8% to 840 koruna, while the PX index fell 2.5% to 1,092.40.
For instance, the Polish zloty is down 8% this year, while the Czech koruna has strengthened a little more than 2% thanks in part to the country's solid domestic finances.
A stronger koruna could hurt exports and growth, he has said.
The Czech Republic's central-bank governor, Miroslav Singer, has said the bank is deliberately keeping interest rates lower than those in the neighboring euro zone to prevent an inflow of money that would push up the value of the Czech currency, the koruna.
More-obscure pairs, which don't trade in such high volumes and thus are prone to bigger swings, are now restricted to a 25-to-1 leverage ratio, such as the U.S. dollar/Czech koruna and U.S. dollar/Mexican peso.
Concorde said CEZ, second only to Électricité de France SA in terms of export volume, is going to benefit from the German shutdown via increased production and last week upped its recommendation on the utility to "overweight" from neutral and maintains a target price of 1,002 koruna.