In Prague, the main currency used is the Czech koruna (CZK). The currency symbol for the Czech koruna is Kč. If you are planning a trip to Prague, it is important to familiarize yourself with the local currency and understand how it works.
What Is the Exchange Rate?
Before you travel to Prague, it is advisable to check the current exchange rate for your home currency against the Czech koruna. Exchange rates can fluctuate, so it’s a good idea to keep an eye on them leading up to your trip. This will give you an idea of how much your money is worth in Prague.
Where Can I Exchange Currency?
There are several places in Prague where you can exchange your currency for Czech koruna. One option is to use an exchange office or bureau de change. These can be found throughout the city and often offer competitive rates.
Note: When exchanging your money, be cautious of hidden fees and unfavorable rates. It’s a good idea to compare rates at different exchange offices before making a decision.
An alternative option is to withdraw cash from ATMs in Prague using your debit or credit card. Many ATMs in Prague offer the option to withdraw cash in Czech koruna. However, keep in mind that some banks may charge foreign transaction fees, so it’s recommended to check with your bank before using this method.
Is It Better to Use Cash or Card?
In Prague, cash is widely accepted, especially at smaller establishments such as local markets or street vendors. However, major credit cards such as Visa and Mastercard are also widely accepted in most hotels, restaurants, and shops.
Note: Some smaller businesses or establishments may have minimum purchase requirements for card payments, so it’s always a good idea to carry some cash with you.
Can I Get Cash Back?
In Prague, it is not common for businesses to offer cashback services when making a purchase with your card. If you need cash, it’s best to visit an ATM or exchange office.
Conclusion
When visiting Prague, it’s important to familiarize yourself with the local currency, the Czech koruna. Keep an eye on the exchange rate before your trip and consider where to exchange your money or withdraw cash. While both cash and card are widely accepted in Prague, having some local currency on hand is always a good idea.
Remember: Always be cautious of hidden fees and unfavorable rates when exchanging currency or using ATMs. Enjoy your time in Prague and have a great trip!