The Slovakian koruna jumped to a record high on Thursday after a surprise revaluation of the currency’s peg against the euro, aimed at containing inflationary pressures ahead of Slovakia’s entry into the single currency next year.

The European Commission announced a 15 per cent revaluation of the Slovakian koruna’s Exchange Rate Mechanism-II central parity rate against the euro to Sk30.1260, from the previous level of Sk35.4424.