What Currency Is Used in Prague and Budapest?
When traveling to different countries, it’s important to be aware of the local currency in order to have a smooth and hassle-free experience. In this article, we will explore the currencies used in two popular European cities: Prague and Budapest.
Prague
The Currency:
In Prague, the capital city of the Czech Republic, the official currency is the Czech koruna (CZK). The koruna is abbreviated as Kč, and its symbol is a letter “K” with a diacritic mark “č” placed above it.
Exchange Rate:
As exchange rates fluctuate, it’s essential to check the current rates before your trip. At the time of writing this article, 1 Euro (EUR) is approximately 26.5 Czech koruna (CZK).
Tips for Handling Cash:
- Withdraw cash from ATMs: It’s generally recommended to withdraw cash from ATMs in Prague. They are widely available throughout the city, and you will often get better exchange rates compared to currency exchange offices.
- Credit cards: Credit cards are accepted in most hotels, restaurants, and shops in Prague. However, it’s always advisable to carry some cash for smaller establishments or places that might not accept cards.
- Keep small denominations: Having smaller denominations can be helpful for paying at street vendors or local markets where change might be limited.
Budapest
The Currency:
In Budapest, the capital city of Hungary, the official currency is the Hungarian forint (HUF). The forint is abbreviated as Ft, and its symbol is a lowercase “F” with a horizontal line through it.
Exchange Rate:
The exchange rate between the Euro (EUR) and the Hungarian forint (HUF) can vary. As of now, 1 Euro is approximately 355 Hungarian forints.
Tips for Handling Cash:
- Currency exchange offices: Budapest has numerous currency exchange offices where you can exchange your currency to Hungarian forints. However, be cautious while selecting an exchange office and compare their rates to get the best deal.
- ATMs: ATMs are widely available in Budapest, and they usually offer a fair exchange rate.
Check with your bank about any international transaction fees that may apply.
- Credit cards: Most hotels, restaurants, and larger stores in Budapest accept credit cards. However, it’s always wise to carry some cash for smaller establishments or places that might not accept cards.
In Conclusion
In both Prague and Budapest, it’s crucial to familiarize yourself with the local currency to ensure a seamless experience during your visit. Remember to check the current exchange rates before your trip and consider using ATMs rather than currency exchange offices for better rates.
Additionally, having some cash on hand is advisable for smaller establishments or situations where card payments may not be accepted. By being prepared with the correct currency, you can fully enjoy all that Prague and Budapest have to offer!