Are you planning a trip to Prague but wondering if you need to exchange currency before you go? The answer is, it depends on your travel plans.
Using Local Currency in Prague
Prague is the capital city of the Czech Republic and the local currency is the Czech koruna (CZK). Most establishments accept payment in CZK, and some may accept Euros. However, it’s important to note that using Euros can be more expensive as many places may charge a higher conversion rate.
Where to Exchange Currency
If you do need to exchange currency, it’s best to do so in Prague rather than your home country. This is because exchange rates are often better in the destination country. You can exchange money at banks, exchange offices or withdraw cash from ATMs.
- Banks: Banks typically offer good exchange rates but may have limited hours and charge a commission fee.
- Exchange offices: There are many exchange offices throughout Prague, especially in tourist areas. However, be careful as some may have hidden fees or unfavorable rates.
- ATMs: ATMs are widely available and offer a convenient way to withdraw cash. Check with your bank beforehand for any foreign transaction fees.
Tipping in Prague
Tipping is common in restaurants and cafes in Prague. It’s customary to leave around 10% of the total bill as a tip. Keep in mind that some places may add a service charge automatically.
Conclusion
While it’s possible to use Euros or credit cards in Prague, having local currency will provide more flexibility and potentially save on conversion fees. Be sure to exchange money at reputable locations and consider withdrawing cash from ATMs for convenience. Don’t forget to factor in tipping when planning your budget.
Now that you know more about using local currency in Prague, you can make informed decisions and enjoy your trip to the fullest.
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