Residents and Non-residents Response to the Widening of the Exchange Rate Fluctuation Range of CZK
The biggest change in a foreign exchange inter-banks market during the first part of 1996 was an announcement of ČNB about widening of the exchange rate fluctuation range of CZK toward DEM and USD from 0,5 % to 7,5 %. The aim of text is clarification of reaction residents and non-residents on the widening of the exchange rate fluctuation range of CZK on base of ČNB fixing exchange rate and position of banking framework towards residents and non-residents. The behaviour of residents and non-residents was a reaction on possible change of exchange rate CZK towards a group of currency in future nay on real change.
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