What Currency Should I Use in Prague?

When visiting Prague, one of the most common questions that arises is, “What currency should I use?” The official currency of the Czech Republic is the Czech koruna (CZK). While some businesses may accept euros or other major currencies, it is highly recommended to use the local currency for a smoother and more cost-effective experience.

Advantages of Using Czech Koruna (CZK)

Easier Transactions: By using the local currency, you can ensure that you are paying the exact amount without having to worry about exchange rates or additional fees.
Avoiding Confusion: While some businesses may accept euros, it can lead to confusion and potential misunderstandings regarding exchange rates or hidden charges. Using CZK eliminates this risk.
Better Value for Money: Paying with CZK allows you to take advantage of more competitive prices and avoid any unfavorable exchange rates that may be applied when using a different currency.

Where Can I Exchange Currency?

If you need to exchange your money into Czech koruna, there are several options available:

Currency Exchange Offices: These offices can be found throughout Prague, especially in tourist areas. It is advisable to compare exchange rates and fees before making a transaction.
Banks: Most banks in Prague offer currency exchange services.
While their rates may be slightly less favorable than specialized exchange offices, they generally provide a secure and reliable option.
ATMs: Withdrawing cash from ATMs is another convenient way to obtain Czech koruna. However, be aware of any additional fees that your bank may charge for international ATM withdrawals.

Tips for Handling Cash in Prague

Carry Smaller Denominations: Having smaller notes and coins can be handy for smaller purchases, public transportation, or when visiting places where credit cards are not accepted.
Keep Your Money Safe: While Prague is generally a safe city, it is always wise to take precautions. Avoid displaying large amounts of cash and consider using a money belt or a secure travel wallet.
Inform Your Bank: Prior to your trip, inform your bank about your travel plans to prevent any potential issues using your debit or credit cards abroad.

In Summary

In conclusion, when visiting Prague, it is highly recommended to use the local currency (Czech koruna) for a smoother and more cost-effective experience. By doing so, you can avoid confusion, ensure better value for money, and have an easier time with transactions throughout the city.

Remember to compare exchange rates before converting your currency and follow basic safety measures when handling cash. Enjoy your trip to Prague!