Prague, the capital of Czech Republic, attracts millions of tourists every year with its beautiful architecture, rich history, and vibrant culture. If you’re planning a trip to Prague, you might be wondering if Euros are accepted there. In this article, we’ll explore whether Euros are accepted in Prague and what currency you should use during your visit.
What is the Currency in Prague
The official currency of Czech Republic is the Czech Koruna (CZK). The koruna is divided into 100 haléřů.
Banknotes come in denominations of 1000 CZK, 500 CZK, 200 CZK, 100 CZK, and 50 CZK. Coins come in denominations of 50 haléřů, 1 CZK, 2 CZK, 5 CZK, 10 CZK and 20 CZK.
Can You Use Euros in Prague
While Euro is a widely accepted currency across Europe due to its popularity and ease of use for tourists travelling across multiple countries within the EU zone without changing currencies for each country. Unfortunately it’s not widely accepted in Prague. Although some hotels or high-end stores may accept euros as payment for goods or services but you can expect to pay higher fees than if you were using Czech korunas.
Where Can You Exchange Currency in Prague
The best place to exchange currency in Prague is at exchange offices located throughout the city. These exchange offices offer better rates than banks or hotels. Look for exchange offices with no commission fees and competitive exchange rates when exchanging your money.
Tips for Exchanging Currency
- Compare rates at different exchange offices before exchanging your money.
- Avoid exchanging currency at the airport as they usually offer lower exchange rates.
- Always count your money before leaving the exchange office to ensure you received the correct amount.
Using Credit Cards and ATM’s in Prague
Credit cards are widely accepted in Prague, especially in tourist areas. However, some smaller shops or restaurants may only accept cash so it’s always best to carry some Czech korunas with you. ATMs are also widely available throughout the city and usually offer a better exchange rate than exchanging money at an exchange office.
Tips for Using Credit Cards and ATM’s
- Check with your bank about foreign transaction fees before using your credit card or withdrawing money from an ATM.
- Try to use ATM’s located inside banks rather than standalone ATM’s on the street to avoid skimming scams.
- Notify your bank about your travel plans before you leave to avoid any issues when using your credit card or withdrawing money.
Conclusion
In conclusion, while Euros may be accepted at some hotels or high-end stores in Prague, it’s recommended to use Czech korunas for most transactions during your visit. Exchange offices located throughout the city offer competitive rates for exchanging currency.
Credit cards are widely accepted but it’s always best to carry some cash with you, especially when visiting smaller shops or restaurants that only accept cash payments. By being prepared with the right currency, you can enjoy all that Prague has to offer without any barriers.