Where Can I Exchange in Prague?

By Michael Ferguson

Where Can I Exchange in Prague?

When visiting Prague, it’s essential to know where you can exchange your currency to ensure a smooth and hassle-free trip. Whether you’re arriving at the airport or exploring the city center, there are several convenient options available for currency exchange.

Airport Exchange

If you prefer to exchange your currency immediately upon arrival, the airport is a convenient option. Prague Airport offers several currency exchange offices located in both Terminal 1 and Terminal 2.

These offices provide services for various currencies, including euros, US dollars, British pounds, and more. However, it’s important to keep in mind that airport exchanges often have higher commission rates compared to other locations in the city.

City Center Exchanges

The city center is home to numerous currency exchange offices that offer competitive rates and convenient locations. One popular area for exchanges is Wenceslas Square, where you’ll find several reputable establishments with transparent rates and professional service.

Another prominent location is Na Příkopě Street, known for its abundance of banks and exchange offices. Here, you’ll find a wide range of options catering to different currencies and offering competitive rates.

Banks

Banks are another reliable option for currency exchange in Prague. They generally offer competitive rates and have branches conveniently located throughout the city. Major banks such as Česká spořitelna, Komerční banka, and UniCredit Bank provide currency exchange services with transparent fees.

Local Exchanges

If you prefer a more local experience or want to avoid potential commission fees charged by larger establishments, consider visiting smaller local exchanges. These can be found throughout the city’s neighborhoods and often offer competitive rates without additional charges.

Things to Consider

When exchanging currency in Prague, it’s crucial to keep a few things in mind:

  • Compare rates: Before making any exchange, compare the rates offered by different exchange offices or banks. This will help you find the most favorable rate.
  • Avoid hidden fees: Some exchanges may charge additional fees or hidden commissions.

    Always inquire about any potential charges before proceeding with the exchange.

  • Exchange only what you need: It’s advisable to exchange only the amount of money you’ll need for your immediate expenses. Exchanging large sums can result in unnecessary fees and inconvenience.

In conclusion, Prague offers various options for currency exchange, ranging from airport exchanges to city center establishments and local exchanges. By comparing rates, avoiding hidden fees, and exchanging only what you need, you can ensure a smooth and cost-effective experience during your visit to this stunning city.