Slovakia hits the euro road
CURRENCY FOCUS
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
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