From the Telegraph. Has to be good news:

"Slovakia won approval to adopt the euro at the beginning of next year as the 16th member of Europe's monetary union. The country will join at an exchange rate of 30.126 koruny.

Fitch Ratings yesterday raised the country's sovereign debt from "A" to "A+". "Fitch considers euro adoption as a net positive for a country's external creditworthiness. As a member of the euro area, Slovakia will be sheltered from monetary shocks and the risk of a self-fulfilling currency crisis," it said.

With just 5m people, Slovakia will scarcely make a ripple in the eurozone. Its accession will make life marginally more difficult for the European Central Bank, which is already struggling to manage the chasm between the German and Latin blocs.

The ECB has been trying to slow down the pace of expansion, warning east European candidates that it is hazardous to join the one-size-fits-all interest rate regime before they have carried out root-and-branch-reform of their economies."

Huw

Tatra bank Slovakia has just sent me their new Euro pricelist, also confirming the agreed exchange rate of 1 euro = 30.13 skk when they enter the Eurozone Jan 2009. If you back convert at todays rates for £/Euro then Euro/SKK, the conversion makes 1 euro = 30.3. So if the SKK/Euro strengthens to below 30 it maybe worth selling £s and buying some SKK.

So depending on movement this year in terms of a strengthening Euro agains the £, then there maybe potential for a bit of currency speculation come December ?
If the £ falls significantly agains the Euro topping up my SKK account may offer a one off win ! Any wiser/experienced financial heads out there who can offer advice ?