CBA Forecast: Exchange Rate Against the Euro

24.2 EUR/CZK
Forecast for the end of 2026
24.1 EUR/CZK
Forecast for the end of 2027

Commentary by the Czech Bar Association

August ČBA Forecast: The koruna is expected to remain relatively strong: its average exchange rate is expected to strengthen from 24.7 CZK/EUR in 2025 to 24.3 this year and 24.1 in 2027—10 and 20 haléřů stronger, respectively, than in the May forecast. This appreciation is supported by the interest rate differential relative to the eurozone.
Risks to the Forecast: A risk is a weaker koruna in the event of an asymmetric shortfall in market expectations for higher CNB and ECB rates; for 2027, the median stands at 24.1 and the range at 24.1–24.2 CZK/EUR.

CBA Forecast: Exchange Rate Against the Euro

average value

CBA Monitor
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Source of Primary Data

CNB, ČBA

Category

Forecast

Data Frequency

annual

Note

"Actual values" and "CBA forecast" represent the full-year average, and "actual YTD data" is the year-to-date average for the current year.
The "mid-range of 25–75% of forecasts," marked by dashes, represents the middle half between the 25th and 75th percentiles of all forecasts in the ČBA consensus.

Related Charts

CBA Forecast: CNB Interest Rate

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Comments

19. 08. 2026

August 2026: The Czech economy continues to grow steadily, but core inflation pressures will keep interest rates higher

25. 05. 2026

The domestic economy will grow by 2% this year. The CBA forecasting panel worsened the outlook due to the events in Hormuz. The forecast from the first quarter predicted growth of 2.6%. Consumer inflation should accelerate towards the upper limit of the inflation target at the end of this year.

Pavel Sobíšek 17. 02. 2026

The CBA's forecast panel expects the domestic economy to grow by 2.6% this year and to maintain the same pace in 2027. Inflation should slow to 1.7% this year and then accelerate to 2.3% next year. However, core inflation remains elevated and represents a key upside risk to inflation, especially in services prices.

Jan Vejmělek 12. 02. 2026

The Czech economy is expected to grow by 2.6% this year and should maintain the same pace next year, according to the CBA forecasting panel. Inflation should slow to 1.7% on average in 2026 and accelerate slightly again to 2.3% in 2027. However, core inflation remains elevated and represents a key upside risk to inflation, especially in services prices.

Jaromír Šindel 11. 02. 2026

February 2026: Growth outlook steady at 2.6% with low price growth