How Do You Get Currency in Prague?

By Robert Palmer

How Do You Get Currency in Prague?

Prague, the capital city of the Czech Republic, is a popular tourist destination known for its stunning architecture, rich history, and vibrant culture. If you are planning a trip to Prague, it’s important to be aware of how to obtain the local currency, the Czech koruna (CZK), to ensure a smooth and hassle-free experience during your stay.

1. Currency Exchange

One of the most common ways to get Czech koruna is through currency exchange. You can find exchange offices throughout Prague, especially in tourist areas and near major attractions.

Look for signs that say “Exchange” or “Směnárna.” These offices offer competitive rates and allow you to convert your foreign currency into CZK.

Tip: It’s advisable to compare rates at different exchange offices before making a transaction as rates may vary slightly from one place to another.

2. ATMs

Another convenient option for obtaining Czech koruna is by using ATMs (Automatic Teller Machines). ATMs can be found all over Prague, including at banks, shopping centers, and transportation hubs.

Using an ATM allows you to withdraw cash directly from your bank account in your home country, converted into CZK at the current exchange rate.

Note: Before traveling to Prague, ensure that your debit or credit card can be used internationally and inform your bank about your travel plans to avoid any issues with card usage abroad.

3. Credit Card Payments

In Prague, credit cards are widely accepted at hotels, restaurants, shops, and other establishments catering to tourists. Paying with a credit card offers convenience and security, as you don’t need to carry large amounts of cash.

However, it’s always useful to have some cash on hand for smaller purchases or establishments that may not accept cards.

4. Local Banks

If you prefer a more traditional approach, you can visit a local bank in Prague to exchange your currency. Banks generally offer competitive rates, but they may charge a small commission fee for the service.

It’s advisable to check the bank’s opening hours and have your identification documents (passport) handy when visiting.

5. Prepaid Travel Cards

Prepaid travel cards are becoming increasingly popular among travelers as they offer convenience and security. These cards can be preloaded with a specific amount of money in the desired currency, including Czech koruna.

You can use these cards at ATMs or for making purchases, just like a regular debit or credit card.

6. Avoid Street Currency Exchange Kiosks

While walking around Prague, you might come across street currency exchange kiosks offering seemingly attractive rates. However, it’s important to exercise caution and avoid using these services as they often have high fees and unfavorable exchange rates compared to official exchange offices or banks.

  • Key Points to Remember:
  • Look for official exchange offices or use ATMs for better rates.
  • Inform your bank about your travel plans before using your card abroad.
  • Credit cards are widely accepted but having some cash is still useful.
  • Banks offer competitive rates but may charge a commission fee.
  • Consider using prepaid travel cards for convenience and security.
  • Avoid street currency exchange kiosks due to high fees and unfavorable rates.

By following these tips, you can ensure that you have the necessary Czech koruna to fully enjoy your time in Prague. Whether you choose currency exchange offices, ATMs, credit cards, or prepaid travel cards, it’s important to be aware of the associated fees and always prioritize your safety and convenience during your visit to this beautiful city.