The Czech National Bank has widened the fluctuation band for exchange rates between Czech crown and other currencies from 0.5% to 7.5% from central parity. This will possibly have an impact on the use of financial derivatives, for example options or forward contracts, by Czech companies to minimise risks arising from the fluctuation of exchange rates.
The content of this article is intended to provide a general guide to the subject matter. It is therefore not a substitute for specialist advice.
For further information contact Paul Antrobus or Richard Fletcher, Arthur Andersen Prague, Tel +42 2 2440 1300, or enter a text search 'Arthur Andersen' and 'Business Monitor'.
The content of this article is intended to provide a general guide to the subject matter. It is therefore not a substitute for specialist advice.
For further information contact Paul Antrobus or Richard Fletcher, Arthur Andersen Prague, Tel +42 2 2440 1300, or enter a text search 'Arthur Andersen' and 'Business Monitor'.
