Is Prague in Euro?
Prague, the capital city of the Czech Republic, is a popular tourist destination known for its rich history, stunning architecture, and vibrant culture. One question that often arises when planning a trip to Prague is whether the city uses the Euro as its currency. Let’s delve into this topic and find out the answer.
The Currency of Prague
Contrary to popular belief, Prague does not use the Euro as its official currency. The Czech Republic has its own currency called the Czech koruna (CZK). The koruna is abbreviated as Kč and is represented by the symbol ‘Kč’ or ‘CZK’.
The History of Czech Currency
The Czech koruna has a long history dating back to medieval times. Throughout its history, various currencies were used in what is now known as the Czech Republic. However, in 1993, after the peaceful dissolution of Czechoslovakia into two separate countries – the Czech Republic and Slovakia – the koruna was introduced as the official currency of the newly formed Czech Republic.
Using Euros in Prague
Although Prague does not use Euros as its primary currency, many businesses in popular tourist areas accept Euros. These places include hotels, larger restaurants, and some shops catering specifically to tourists. However, it’s important to note that when paying with Euros in these establishments, you may receive change back in Czech korunas.
Exchange Rates and Currency Conversion
If you plan on using Euros during your stay in Prague, it’s essential to be aware of exchange rates and potential conversion fees. While some businesses may offer fair exchange rates, others may have less favorable rates or charge additional fees for converting Euros into korunas. It’s advisable to compare rates and inquire about any fees before making a transaction.
Where to Exchange Currency in Prague
If you decide to use Czech korunas during your time in Prague, you’ll need to exchange your currency. The city offers various options for currency exchange, including banks, exchange offices, and ATMs. It’s recommended to compare rates and fees at different places to ensure you get the best deal.
Tips for Currency Exchange
Here are some tips for exchanging currency in Prague:
- Choose reputable exchange offices: Look for established exchange offices that display their rates openly and do not charge excessive fees.
- Avoid exchanging money on the street: Street vendors may offer seemingly attractive rates but can be involved in scams or provide counterfeit money.
- Inform your bank: Before traveling to Prague, notify your bank about your trip to avoid any issues with using your debit or credit card abroad.
In Conclusion
To sum it up, Prague’s official currency is the Czech koruna (CZK), not the Euro. While some businesses may accept Euros, it’s advisable to have Czech korunas on hand for day-to-day transactions.
Be mindful of exchange rates and fees when converting currencies, and choose reputable places for currency exchange. By understanding the local currency and planning accordingly, you can make the most of your visit to this beautiful city!
Sources:
- Czech National Bank – Official Website: https://www.cnb.cz/en/index.html
- TripSavvy – Currency in Prague: https://www.tripsavvy.com/currency-in-prague-1501941
- The Prague Visitor – Exchanging Money in Prague: https://www.praguevisitor.eu/exchanging-money-in-prague/