Exporters: Strong crown could mean 210 billion in losses

If the Czech crown remains as strong as it currently is against the euro, exporters could lose around CZK 210 billion in revenue when compared to last year, the deputy chairman of the Czech Exporters Association (Asociace exportérů), Otto Daněk, told the Czech News Agency on Friday. He added that this would also mean hitting red numbers for many of the concerned parties.

On Thursday when trading closed, the Czech crown was valued at a rate of 23.69 CZK/EUR, the best exchange rate since July 2008. Czech exports exceeded CZK 4.47 trillion last year.