Česká národní banka

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Foreign exchange market information

Under Article 35 of Act No. 6/1993 Coll., on the Czech National Bank, the Czech National Bank declares the exchange rate of the Czech currency against foreign currencies in the form of central bank exchange rate fixing and in the form FX rates of other currencies. These rates differ in methodology and frequency of calculation. They serve for the purposes of the legal regulations which refer to them (e.g. the Act on Accounting and the Customs Act). The use of the exchange rates declared by the CNB in accounting is further regulated by the Ministry of Finance in its Financial Bulletin. The CNB does not use these declared rates for business purposes.