Czech Koruna Exchange Rate Essay

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Czech Republic Koruna Exchange Rate Behavior over Time Reuter’s coverage * US dollar: August 05 to present, monthly data * Euro: Jan 1999 to present, monthly data CZK/USD over time Reuters http://www.reuters.com/finance/currencies/quote?srcAmt=1.00&srcCurr=CZK&destAmt=&destCurr=USD&historicalDate= downloaded 10.21.11 | | CZK/USD | % Change | Months | | | Monthly | | | Sep-05 | | 0.0407 | | | Jun-07 | | 0.0471 | 16% | 21 | Jun-08 | | 0.0659 | 40% | 12 | Feb-09 | | 0.0451 | -32% | 8 | Sep-09 | | 0.0579 | 28% | 8 | Jun-10 | | 0.0476 | -18% | 9 | Apr-11 | | 0.0614 | 29% | 10 | Sep-11 | | 0.0542 | -12% | 5 | Sept 2005 to Sept 2011 % change: +33% June 2008 to Sept 2011 % change: -18% 1. From September 2005 to June 2008 the Czech koruna appreciated by 33% vs. US dollar 2. Since June of 2008, koruna experienced double digit swings vs. US dollar as indicated in table above CZK/EUR monthly data since 1999 Reuters http://www.reuters.com/finance/currencies/quote?srcAmt=1.00&srcCurr=CZK&destAmt=&destCurr=EUR&historicalDate= 10.21.11 downloaded 12.55 pm mst | | CZK/USD | % Change | Months | Mar-99 | | 0.0260 | | | Sep-01 | | 0.0290 | 12% | 30 | Jun-02 | | 0.0340 | 17% | 9 | Jan-04 | | 0.0300 | -12% | 18 | Jun-08 | | 0.0419 | 40% | 53 | Mar-09 | | 0.0365 | -13% | 9 | Aug-11 | | 0.0415 | 14% | 29 | % change Mar 99 to Aug 2011: 60% June 2008 to Aug 2011 % change: -1% 1. Following two and a half years of gradual appreciation from early 1999 to September 2001, the koruna increased by 17% in less than one year through June 2002 2. Over the year and a half after mid 2002 the koruna fell by 12% 3. During the four and a half years from January 2004 to mid 2008, the koruna appreciated by 40% 4. Following a 13% decline after mid 2008 to

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