If you’re planning a trip to Prague, you may be wondering how much a pound is worth in the Czech Republic. The currency used in Prague is the Czech koruna, abbreviated as CZK. As of September 2021, one British pound (GBP) is worth approximately 30 CZK.
Understanding the exchange rate
The exchange rate between GBP and CZK fluctuates regularly due to various economic factors such as market demand, inflation rates, and political stability. Therefore, it’s essential to keep track of the current exchange rate before exchanging your pounds for korunas.
Where to exchange currency in Prague
When exchanging currency in Prague, it’s best to avoid exchanging money at airports or train stations as they tend to offer lower rates than banks or exchange offices in the city center. It’s recommended to use reputable exchange offices or banks such as Česká spořitelna, Komerční banka or Exchange.
Tips for exchanging currency
- Do some research on the current exchange rate before exchanging your money.
- Avoid exchanging money at airports or train stations.
- Use reputable banks or exchange offices.
- Beware of hidden fees and commissions that may apply when exchanging money.
- If possible, use credit or debit cards that offer low foreign transaction fees.
Conclusion
In conclusion, if you’re planning a trip to Prague and need to exchange pounds for korunas, make sure to do some research on the current exchange rate and use reputable banks or exchange offices. By following these tips, you can ensure that you get the best value for your money while traveling in Prague.
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