Are you planning a trip to Prague and wondering where you can change your currency? Look no further! In this guide, we will explore the various options available for currency exchange in Prague, so you can have a hassle-free experience during your visit.
1. Exchange Offices
If you are looking for convenience and accessibility, exchange offices are your best bet.
They are scattered throughout the city and offer competitive rates. Most exchange offices in Prague accept major currencies such as US dollars, euros, British pounds, and more.
Tip: Before exchanging your money, it’s essential to compare rates at different exchange offices to get the best deal.
1.1 Exchange Office Caution
Beware of potential scams. Some exchange offices may advertise zero commission but offer unfavorable exchange rates instead. To avoid being ripped off, always check the buy/sell rates posted outside the office before entering.
2. Banks
If you prefer a more traditional approach or need to exchange larger sums of money, consider visiting a bank. Most banks in Prague have currency exchange services available for their customers.
2.1 Bank Opening Hours
Note: Banks in Prague usually operate from Monday to Friday between 9:00 am and 5:00 pm. It’s essential to plan accordingly and avoid arriving at the bank during lunchtime when they may be closed or have limited services.
3. ATMs
If you want the convenience of withdrawing cash in local currency directly from your account, ATMs are an excellent option. They are widely available throughout Prague and often offer competitive exchange rates.
3.1 ATM Fees
Keep in mind: Your bank may charge withdrawal fees when using international ATMs. To minimize these fees, consider withdrawing larger amounts less frequently.
4. Hotels and Airports
If you find yourself in need of immediate cash upon arrival, hotels and airports usually have currency exchange services available. However, be aware that these services tend to offer less favorable rates compared to exchange offices or banks.
4.1 Plan Ahead
To avoid unnecessary charges: It’s best to plan ahead and have some local currency with you before arriving in Prague. This way, you can avoid relying solely on airport or hotel exchange services.
5. Payment Cards
In recent years, payment cards have become widely accepted in Prague, especially in restaurants, shops, and tourist attractions. Using your card for payments can save you the hassle of carrying large amounts of cash or constantly exchanging money.
5.1 Card Acceptance
However: It’s always a good idea to carry some cash with you as small businesses or local establishments might not accept cards or have a minimum spend requirement.
- To summarize:
- – Exchange offices offer convenience and competitive rates.
- – Banks provide a traditional approach for larger sums of money.
- – ATMs offer convenience for cash withdrawals.
- – Hotels and airports should be used as last resorts due to potentially unfavorable rates.
- – Payment cards are widely accepted but always carry some cash as a backup.
Now that you know where you can change your currency in Prague, go ahead and plan your trip with confidence. Enjoy your time exploring this beautiful city!