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CNB > FAQ > The koruna´s forward exchange rates against the euro and US dollar announced by the CNB

The koruna´s forward exchange rates against the euro and US dollar announced by the CNB

The forward exchange rate is calculated by dividing the forward points by 1000 and adding the result to the spot rate; these are not the rates declared by the CNB.

The CNB takes forward point quotations from the market via wire services. The announced value is the arithmetic average of the bid and offer quotations. These rates against the euro and US dollar reflect the trading levels of the individual currencies or their forward point respectively were traded on the foreign exchange market at 11 a.m. local time. They are announced every working day.