In July of this year, the exchange rate between the Slovak crown and the euro weakened by 0.26 percent from 30.312 SKK/EUR to 30.390 SKK/EUR. The National Bank of Slovakia further reported that the average exchange rate appreciated by 0.03 percent. Slovak crown diverged from its central parity of 30.126 SKK/EUR most significantly on July 31, when it was quoted at 30.390SKK/EUR, meaning 0.87 percent depreciation from the central parity. The Slovak crown was traded within a very narrow band of 30.25 SKK/EUR to 30.37 SKK/EUR almost for the whole seventh month.
In July, the Slovak crown weakened against the U.S. dollar by 1.27 percent from 19.247 SKK/USD to 19.491 SKK/USD. The average exchange rate appreciated by 1.53 percent. The balance of spot transactions by foreign banks toward local banks was positive at USD 348.5 million, which means that foreign banks were more involved in selling the Slovak crown and buying foreign exchange. The central bank did not intervene on the FOREX market in July.