The kuna on Wednesday strengthened against all major foreign currencies, according to the exchange rate list issued by the Croatian National Bank on Wednesday and applicable on Thursday.
The kuna went up 0.22 per cent against the euro, resulting in the midpoint exchange rate of one euro for 7.483696 kuna.
On 19 September, the Croatian National Bank intervened in the foreign exchange market, selling EUR 180.5 million after the kuna/euro exchange rate exceeded HRK 7.5 for the first time in the last six years. The central bank also decided on Tuesday to raise the rate of reserve requirements of commercial banks from 13 to 14 per cent, whereby HRK 3.1 billion will be withdrawn from the banking system in order to alleviate depreciation pressures on the HRK/EUR exchange rate.
The kuna today went up by 1.42 per cent against the Swiss franc, with the mean exchange rate of one franc being equal to HRK 6.127146.
The midpoint exchange rate of one US dollar was HRK 5.469339 and the British pound traded at HRK 8.571408, according to the list issued today and applicable tomorrow.
