When traveling to the beautiful city of Prague in the Czech Republic, it’s important to familiarize yourself with the local currency. The currency used in Prague is the Czech koruna (CZK), which is abbreviated as Kč. The koruna is further divided into haléře (h), with 100 haléře equaling 1 koruna.
Understanding the Czech Koruna
The Czech koruna has been the official currency of the Czech Republic since 1993 when it replaced the Czechoslovak koruna after the peaceful dissolution of Czechoslovakia. The symbol for the koruna is a stylized letter “K” with a double stroke, which represents stability and strength.
Key Facts About the Czech Koruna:
- Coins: The coins in circulation include 1, 2, 5, 10, 20, and 50 korunas. Each coin features various designs representing different historical and cultural aspects of the country.
- Banknotes: Banknotes are available in denominations of 100, 200, 500, 1000, 2000, and 5000 korunas. These banknotes showcase prominent figures from Czech history and landmarks such as castles and bridges.
Exchanging Currency
If you are planning to visit Prague or any other city in the Czech Republic, it’s advisable to exchange your currency for Czech korunas once you arrive. There are several options available for exchanging money including banks, exchange offices, and ATMs located throughout Prague.
Tips for Exchanging Currency:
- Banks: Banks generally offer competitive rates for currency exchange. It’s recommended to compare rates and fees charged by different banks before making a transaction.
- Exchange Offices: Exchange offices are widespread in Prague, particularly in tourist areas.
However, be cautious when using these establishments as some may have unfavorable exchange rates or hidden fees. Look for reputable exchange offices with transparent rates.
- ATMs: ATMs are a convenient option for withdrawing cash. Make sure to check with your bank regarding any foreign transaction fees or withdrawal limits that may apply.
Payment Methods
In Prague, cash is widely accepted and preferred for smaller purchases. However, credit and debit cards are also commonly used and accepted in most establishments including hotels, restaurants, and shops. It’s recommended to carry some cash for smaller expenses and emergencies while relying on cards for larger transactions.
Tips for Using Cards:
- Notify Your Bank: Before traveling to the Czech Republic, inform your bank about your trip to avoid any issues with card usage abroad.
- Currency Conversion: When using your card for payments or withdrawals, you may be given the option to pay in either Czech korunas or your home currency. It’s generally more cost-effective to choose the local currency to avoid dynamic currency conversion fees.
In Conclusion
The currency of Prague is the Czech koruna (CZK), which is widely used throughout the Czech Republic. Understanding the local currency can help you navigate through your expenses during your visit to this beautiful city. Whether you choose to exchange cash or rely on cards, make sure to plan ahead and consider the best options based on convenience and cost.
By being aware of these currency-related details, you can enjoy a hassle-free experience exploring Prague’s rich history, stunning architecture, and vibrant culture.