EURUSD 1.1754 USDJPY 113.33 USDCAD 1.2855 EURCZK 25.611 USDCZK 21.784 EURPLN 4.2064 USDPLN 3.5788
EURUSD 1.1754 USDJPY 113.33 USDCAD 1.2855 EURCZK 25.611 USDCZK 21.784 EURPLN 4.2064 USDPLN 3.5788

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The Current account measures all economic transactions of the Czech Republic, such as trade in goods and services

Country:CZ
Impact:medium
Current value:23.13
Last value:22.08
Change: 1.05 Loss
Minimum value: -49.2 (Jul 2010)
Maximum value: 32.75 (Feb 2013)
Current Account – Balance of payments

Rule of thumb

The deficit of the balance of payments shows that a country is spending more than it is earning from transactions with other countries

The current account is the measure of all economic transactions between residents of the Czech Republic and non-resident entities. In general, it determines the exposure of a Czech economy to the rest of the world.

 

It includes such components as trade in goods (which covers general merchandise, goods for processing, and others); trade in services (transport services performed by the Czech Republic residents for non-Czech Republic residents, or vice-versa, movement of goods, and others); income (compensation of employees paid to non-resident workers or received from non-resident employers, and investment income accrued on external financial assets and liabilities); current transfers (includes general government current transfers, payments of current taxes on income and wealth, and other payments).

 

Also important is the financial account, that explains how the current account is financed. The balance of payments registers the value of credits (exports) and debits (imports). A negative balance (deficit) shows that a country is spending more than it is earning from transactions with other countries.

 

The positive value of the current account (surplus) is generally considered to be positive for the local currency, as it would reflect  a situation when the capital was flowing to the Czech Republic,  which could be caused for example by a growing business interest in the country from foreign investors.

 

On the other hand, a negative value (deficit) reflects  a situation when there is more capital leaving the Czech Republic than there is an inflow. This generates a shift of foreign capital from the Czech Republic, which leads to the depreciation of the Czech koruna (weakening).

 

Periodicity of publication

The current account is published by the Czech National Bank on a monthly and quarterly basis.

Pola oznaczone gwiazdką są wymagane.

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