Slovakia hits the euro road

- By FX Markets Staff
- @FXMarkets_
- 05 Dec 2005

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

BRATISLAVA – Slovakia's entry into Exchange-rate Mechanism-2 (ERM II) means it looks set to be the next nation to adopt the single currency. However, political factors will mean there is still likely to be volatility on which currency traders can capitalise.

The Slovakian koruna (SKK) is pegged at a central rate of 38.455 to the euro, but there is a relatively wide 15% band around which it can fluctuate.

The peg starts a currency stability test before eventual euro adoption, which Slovakia is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com