Czech crown at less than 20 to US dollar for first time ever on Friday

The Czech crown stood at less than 20 to the US dollar for the first time in its history on Friday, the financial website Patria Online reported. The dollar was trading at 19.98 crowns for a few hours, thought it later rose to 20.04. Analysts put the development down to the dollar's fall on world markets. At the start of 2007 the dollar was worth 20.67 crowns.

Author: Ian Willoughby