Are you planning a trip to Prague and wondering how much your dollars will be worth there? The currency in Prague is the Czech koruna, but you can still use dollars in some places. Let’s take a closer look at how much a dollar is worth in Prague.
Exchange Rate
As of August 2021, the exchange rate for one US dollar is approximately 21 Czech korunas. However, this rate can vary depending on where you exchange your money and the current market conditions.
Where to Exchange Money
It’s best to exchange your money at banks or official currency exchange offices rather than exchanging it with individuals on the street. These places offer better rates and are more reliable.
You can also withdraw cash from ATMs around the city, but be aware that some ATMs charge high fees for international transactions. Check with your bank beforehand to see if they have any partnership with banks in Prague that could offer lower fees.
- Banks: Banks generally offer the best exchange rates and charge low fees. Some popular banks in Prague are Česká spořitelna, Komerční banka, and Raiffeisenbank.
- Currency Exchange Offices: These offices are located throughout the city and offer competitive rates.
Some well-known ones are Exchange, Exchange.cz, and Interchange.
- ATMs: ATMs are widely available throughout Prague. Make sure to check with your bank beforehand to see if they have any partnerships with local banks that could offer lower fees.
Using Dollars in Prague
While you can use dollars in some places in Prague, it’s always better to have Czech korunas on hand for most transactions. Some places that may accept dollars include:
- Hotels: Many hotels in Prague accept dollars, but it’s always best to check with the hotel beforehand.
- Tourist Attractions: Some tourist attractions may accept dollars, but again, it’s best to have Czech korunas on hand.
- Restaurants: Most restaurants only accept Czech korunas, so make sure to have some cash on hand.
Tips for Using Currency in Prague
- Carry Cash: While credit cards are widely accepted in Prague, it’s always a good idea to carry cash for smaller transactions or places that don’t accept cards.
- Check Exchange Rates: Exchange rates can vary between different places, so make sure to check the rate before exchanging your money.
- Avoid Street Exchanges: Be wary of individuals on the street offering to exchange your money. These exchanges are often scams and you may end up with counterfeit currency.
In Conclusion
While a dollar can get you approximately 21 Czech korunas in Prague, it’s always best to have local currency on hand for most transactions. Make sure to exchange your money at reputable places and carry cash for smaller transactions. With these tips in mind, you’ll be able to navigate the currency exchange process like a pro during your trip to Prague.