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Travel & Tourism

Money Exchange in Prague

Prague, the capital city of Czech Republic,  is one of the famous places to visit once in a lifetime. It’s a fairy tale city with a glimpse of old architecture, cobbled streets and golden spears. Visiting the city is quite peaceful if you keep detailed information about its money exchange so that you don't get cheated.
Official currency

The official currency of Czech Republic is the Czech Crown (Kč), which is internationally abbreviated CZK. The country is a member of the European Union (EU), but it will enter the Euro Zone (EZ) by the end of 2013 or in 2014.

In the Czech Republic, one Czech crown is divided into 100 hellers (h). However, the smallest unit of coin is 50 hellers and other coins include 1 Kč, 2 Kč, 5 Kč, 10 Kč, 20 Kč and 50 Kč. The banknotes are available in 50 Kč, 100 Kč, 200 Kč, 500 Kč, 1000 Kč, 2000 Kč and 5000 Kč denominations.

Exchange offices

It is always recommended to trade currency at exchange offices in banks. They may charge 2% or more interest rate, but you don’t get cheated. Some banks also charge a fixed amount 50Kč if the calculated exchange fee for 2% comes less than 50Kč. Hence, it is better to enquire in the banks before you make any transit. Many hotels also provide foreign currency service, but they charge high interest. Never exchange your money on the street otherwise you may get cheated. Don’t get lured to those schemes, which show 0% commission because they often buy foreign currency.

ATMs

There are several ATMs (cash machines) that accept all types of debit and credit cards like Visa, MasterCard, Plus, Maestro, Cirrus and much more. In the Czech Republic, you can travel, dine and shop by using major cards.

Travellers’ cheques

Eurocheques are widely accepted in the banks of Czech Republic.

Get your bag packed to enjoy hassle-free traveling, right away book flights to Prague and avail hotels in Prague to make your journey memorable.

2 comments

R Niemi
First day in Prague...June 11 2016...beautiful city, exchanged euro for Czech money at 1 euro to 26.2, exchange was selling at 27.2.
My wife changed money later and received only 15.1 per euro...place called Cashpoint Currency Exchange by the astronomical clock...what a bunch of thieves in my opinion, fully taking advantage of traveller's ignorance. SHAMEFUL.
Went back to the exchange next to my hotel, ratre was the same as the morning.

There should be a law against these crooks, with big signs, corner kiosks, warning people not to be ripped off on the street and they rip you off themselves.

NEVER AGAIN!!!!
.

R Niemi
Correction..the money exchange place that ripped my wife off was called cheque point
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