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Strong Koruna

The Koruna of Czech is experiencing great prospects and it recorded gain against the Euro, USD and GBP in the last 7 months more than 20%. There are many factors but generally all eastern European currencies getting stronger (Investors remain worried about the state of the US economy and looking for alternative markets). It is definitely great news for Czechs; when compare to the situation 5 year ago when they have to pay more than double price for buying GBP. It is not so great news for Czech exporters and foreign tourist visiting Prague. Prague slowly changing its name of “cheap” eastern European destination as have been knows between foreigners for some time to the decent priced capital.

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