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Realignment of the Slovak koruna in the Exchange Rate Mechanism II (ERM II)

The new central rate of the koruna is 1 euro = 30.1260 koruna.

Article created 29 May 2008.

At the request of the Slovak authorities, the ministers of the euro-area Member States of the European Community, the European Central Bank and the ministers and the central bank governors of Denmark, Estonia, Latvia, Lithuania, and Slovakia have decided, by mutual agreement, following a common procedure involving the European Commission and after consultation of the Economic and Financial Committee, to adapt the central rate of the Slovak koruna in the Exchange Rate Mechanism II (ERM II).

The central rate of the Slovak koruna has been revalued by 17.6472 percent. The new central rate of the koruna is 1 euro = 30.1260 koruna.

The standard fluctuation band of plus or minus 15 percent continues to be observed around the central rate of the Slovak koruna.

>> See the Communiqué


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