What Is the Currency in Prague?

By Robert Palmer

Prague, the capital city of the Czech Republic, is a popular tourist destination known for its stunning architecture, rich history, and vibrant culture. For visitors planning a trip to Prague, one of the most common questions that comes up is “What is the currency in Prague?” In this article, we’ll answer that question and provide some helpful tips for dealing with money during your stay in Prague.

What Is the Currency in Prague?

The official currency of the Czech Republic is the Czech koruna (CZK). The koruna is abbreviated as Kč and is often referred to simply as “crowns” by locals. As of August 2021, 1 USD is equivalent to approximately 22 CZK.

Where Can You Exchange Money in Prague?

There are many places to exchange money in Prague including banks, exchange offices, and ATMs. Banks typically offer competitive exchange rates but may have limited hours of operation.

Exchange offices can be found throughout the city center and often have longer hours than banks. However, be cautious when exchanging money at exchange offices as some may charge high commissions or offer unfavorable exchange rates.

ATMs are also widely available throughout Prague and are often the most convenient way to get cash. However, be sure to check with your home bank about any fees or restrictions for using ATMs abroad.

Can You Use Credit Cards in Prague?

Credit cards are widely accepted at many restaurants, shops, and hotels in Prague. However, it’s always a good idea to have some cash on hand as smaller establishments may not accept credit cards.

Tipping in Prague

Tipping is customary in Prague and is typically around 10% of the total bill at restaurants and cafes. It’s also common to round up when paying for services like taxi rides or haircuts.

Conclusion

In conclusion, the currency in Prague is the Czech koruna (CZK) and there are many options for exchanging money including banks, exchange offices, and ATMs. Credit cards are widely accepted but having some cash on hand is always a good idea.

Tipping is customary and typically around 10%. With these tips in mind, you’ll be well-prepared to handle money matters during your stay in Prague.