When traveling to Budapest and Prague, it’s important to know what currency is used in these cities. In Budapest, the official currency is the Hungarian Forint (HUF), while in Prague, the local currency is the Czech Koruna (CZK). Let’s take a closer look at each of these currencies:
Budapest: Hungarian Forint (HUF)
In Budapest, you’ll need to get familiar with the Hungarian Forint. The symbol for this currency is Ft and it’s often abbreviated as HUF. Here are some key points to know about the Hungarian Forint:
- Denominations: The Hungarian Forint comes in banknotes with denominations of 500, 1,000, 2,000, 5,000, 10,000 and 20,000 Ft. Coins are available in denominations of 5 Ft, 10 Ft, 20 Ft, 50 Ft and 100 Ft.
- Exchange Rate: The exchange rate between the Hungarian Forint and other currencies can vary.
It’s recommended to check with your local bank or use a reliable online currency converter before your trip.
- Where to Exchange Currency: You can exchange your currency for Hungarian Forints at banks and exchange offices throughout Budapest. It’s advisable to compare rates and fees before making any transactions.
- Acceptance of Credit Cards: Major credit cards are widely accepted in hotels, restaurants, and shops in Budapest. However, it’s always a good idea to carry some cash for smaller establishments or places that might not accept cards.
Prague: Czech Koruna (CZK)
In Prague, you’ll need to get acquainted with the Czech Koruna. The symbol for this currency is Kč and it’s often abbreviated as CZK. Here are some important details about the Czech Koruna:
- Denominations: The Czech Koruna comes in banknotes with denominations of 100, 200, 500, 1,000, 2,000 and 5,000 Kč. Coins are available in denominations of 1 Kč, 2 Kč, 5 Kč, 10 Kč, 20 Kč and 50 Kč.
- Exchange Rate: As with any currency, the exchange rate between the Czech Koruna and other currencies can fluctuate.
It’s advisable to check the current rates before your trip.
- Where to Exchange Currency: Currency exchange offices can be found throughout Prague. It’s recommended to compare rates and fees before making any transactions to ensure you’re getting a fair deal.
- Acceptance of Credit Cards: Major credit cards are widely accepted in Prague. However, it’s always a good idea to carry some cash for smaller establishments or places that may not accept cards.
Tips for Handling Currency
If you’re planning to visit both Budapest and Prague during your trip, it’s worth considering exchanging some Hungarian Forints before entering the Czech Republic. While some places might accept Forints in Prague due to their proximity and historical connection between the two countries, it’s generally best to have local currency on hand when traveling.
When withdrawing cash from ATMs or exchanging money at banks or exchange offices, be mindful of any fees or charges that may apply. It’s a good idea to inquire about these fees beforehand to avoid any surprises.
Lastly, always keep an eye on your belongings and be cautious when handling cash in unfamiliar places. It’s recommended to use secure money belts or wallets to minimize the risk of theft or loss.
By familiarizing yourself with the currencies used in Budapest and Prague, you’ll be well-prepared for your trip and can enjoy hassle-free transactions during your visit.