If you’re planning a trip to Prague, one of the biggest questions on your mind may be whether you need to have Czech currency on hand. The answer is yes, but it’s not as simple as just exchanging your money at the airport. Here’s what you need to know about using Czech currency in Prague.
What is the Currency in Prague?
The official currency of the Czech Republic is the Czech crown (Kč or CZK). One crown is divided into 100 halers, but halers are no longer used. You can find coins in denominations of 1, 2, 5, 10, 20 and 50 crowns and banknotes in denominations of 100, 200, 500, 1000, 2000 and 5000 crowns.
Where to Exchange Currency
While it’s possible to exchange money at the airport or your hotel, it’s generally not recommended due to unfavorable exchange rates and high fees. Instead, look for an exchange office or bank in the city center where you can get a better rate.
Exchange Offices
Exchange offices are plentiful throughout Prague and are generally open longer hours than banks. However, be wary of some exchange offices that may offer a great rate but then charge high fees. Look for those with no commission or flat fee.
Banks
Banks typically offer better exchange rates than exchange offices but have shorter operating hours. Some banks may also charge a commission or fee for exchanging money.
Using Credit Cards
Credit cards are widely accepted in Prague and can be used for most purchases including restaurants and shops. However, some smaller establishments may only accept cash so it’s always good to have some Czech crowns on hand.
Tipping in Prague
Tipping in Prague is customary and expected. In restaurants, it’s common to leave a tip of 10% to 15% of the total bill. For smaller purchases, rounding up to the nearest crown is appreciated.
Conclusion
In conclusion, it’s important to have Czech crowns when traveling to Prague. While credit cards are widely accepted, having some cash on hand is always a good idea for smaller establishments and tipping. Look for exchange offices or banks in the city center for the best exchange rates and be sure to check for any commission or fees before exchanging your money.
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