Money Exchange Offices in Prague
The Czech Republic is a euro country without the euro. You pay in Czech crowns (Koruna), abbreviated to Kč or CZK. You will find ATM’s and money exchange offices everywhere in Prague. Some shops, restaurants and hotels accept Euros but their exchange rates are not always favourable. ‘No Commission’ means unfavourable rate of exchange.
Czech banknotes are issued in the following denominations: bank notes 100, 200, 500, 1000, 2000 and 5000 CZK and coins 1, 2, 5, 10, 20 and 50. The exchange rate for 1000 CZK is €36, $40 or £30. When exchanging euros, pound sterling or dollars into crowns it is most important to compare the exchange rates at the various Exchange Offices. Be aware that 0% commission doesn’t mean that the exchange rate is in your favour, neither do banks always give good rates. Remember the closer you are to the centre of Prague the lower the rate of exchange.
Where NOT to Change Money
Not from the money exchange offices at Prague Airport and Prague Central Station. The ATMs at Prague Airport also give low exchange rates.
Not from money exchange booths that advertise with 0% commission.
Best Money Exchange Offices
Mango Change, Vodickova 41, in Svetozor Passage
Visitors Change in Na Mustku
Xchange at namesti Franze Kafky (Franz Kafka Square)
The best deals come from credit or debit card withdrawals. Your bank will charge you international transaction fees, but the rate you get is far better than at any Exchange Office.
Most hotels, most large supermarkets (like Albert Supermarket), souvenir shops and many restaurants take credit cards. Many local shops, cafés, bars and clubs do not accept credit cards. Cash is still king in Prague.