When traveling to Prague, it’s essential to familiarize yourself with the local currency. The official currency of the Czech Republic is the Czech koruna (CZK). Let’s delve into some important details about using money in Prague.
Where to Exchange Currency
If you’re arriving in Prague from another country, it’s wise to exchange your currency for Czech koruna. Fortunately, there are several options available to do so:
- Exchange Offices: These are commonly found throughout the city, especially in tourist areas. Look for signs that say “Exchange” or “Směnárna.”
While they may offer competitive rates, be cautious of hidden fees and always compare rates before making a transaction.
- Banks: Major banks such as Česká spořitelna, Komerční banka, and Raiffeisenbank provide currency exchange services. Banks typically have transparent rates but may charge higher commissions.
- ATMs: Using ATMs in Prague is a convenient option. However, be aware of potential fees imposed by your home bank and check the exchange rate offered by the ATM before proceeding with a withdrawal.
Paying with Cash or Card
In Prague, cash is widely accepted and often preferred for small purchases or transactions at local markets. It’s advisable to carry some cash on hand for these situations.
If you prefer using cards for payments, most establishments in Prague accept major credit cards such as Visa and Mastercard. However, it’s recommended to inform your bank about your travel plans beforehand to avoid any potential issues with your card being blocked due to suspicious activity.
Tipping Culture
Tipping in Prague is customary, and it’s a way to show appreciation for good service. Here are some general guidelines:
- Restaurants: It’s common to leave a tip of around 10% of the total bill. Some restaurants may include a service charge in the bill, so be sure to check before adding an additional tip.
- Bars and Cafés: Tipping around 10 CZK per drink is customary.
- Taxis: Rounding up the fare or adding a small tip (around 10%) is generally appreciated.
Conclusion
In conclusion, when visiting Prague, it’s important to have Czech koruna on hand for smaller transactions, especially at local markets. While cards are widely accepted, it’s always wise to carry some cash for convenience.
Remember to familiarize yourself with tipping customs to ensure a pleasant experience during your stay. Enjoy your time exploring the beautiful city of Prague!