As a traveler planning a trip to Prague, you might wonder about the local currency and whether Euros are widely accepted. Let’s explore the currency situation in Prague, including its acceptance of Euros, exchange rates, and tips for handling transactions.
If you are already planning your trip to Prague you might have already saw the video from Honest Guide.
Janek and Honza tell you how not to get duped in Prague so we will also share some of the right places where you can exchange your currency in Prague.
Let us dive in now!
Is Euro widely accepted in Prague?
When visiting Prague, you will find that the acceptance of Euros varies across the city. In tourist areas such as the Old Town and Charles Bridge, some businesses, especially larger ones, may accept Euros. However, it’s important to note that the official currency of the Czech Republic is the Czech Koruna (CZK), and smaller establishments may prefer payments in the local currency.
For travelers, it’s recommended to exchange Euros for Czech Koruna to ensure smooth transactions throughout the city.
Acceptance of Euros in tourist areas
In more touristy areas of Prague, some restaurants and shops may accept Euros, but the exchange rate might not be favorable. It’s advisable to use Czech Koruna for better value during your purchases.
Where to exchange money in Prague
There are various options for currency exchange in Prague, including exchange offices and banks. It’s advisable to exchange money at official exchange offices or banks to get the best rates and avoid unfavorable terms. You can follow along the map below to find out the best Exchange office in Prague.
Using credit cards in Prague
Credit cards are widely accepted in Prague, especially in larger establishments and hotels. Using a credit card can be convenient, but it’s still recommended to carry some local currency for smaller vendors and transactions.
Okay, now to be honest do I use a Credit Card when travelling? The answer is no, I don’t want to spend money on the markup fees and all.
So you may ask, what do I use?
Well I use a Wise Travel Card when I am traveling in Europe and not spending in Euros, it gives me the current exchange rate without any fees.
So you can check that out if you want, I have written a full review about Wise.
What is the local currency in Prague?
The official currency used in Prague and throughout the Czech Republic is the Czech Koruna (CZK). Understanding the Czech currency and its exchange rates is essential for any traveler visiting Prague.
Understanding the Czech currency
The currency in the Czech Republic is called the Czech Koruna, with international currency code CZK. It is divided into smaller units known as ‘hellers,’ although these are no longer in circulation. Familiarizing yourself with the value and denominations of Czech Koruna will be beneficial during your stay in Prague.
Exchange rate for Czech Koruna
Before exchanging your money to Czech Koruna, it’s important to be aware of the current exchange rates. This can help you to obtain the best value and avoid unfavorable rates when exchanging your currency.
Where to exchange Euros for Czech Koruna
For travelers needing to exchange Euros for Czech Koruna, it’s best to visit official exchange offices or banks. These entities usually offer better rates, ensuring that you receive the correct amount of local currency for your Euros.
Can I use Euros in Prague or should I exchange for local currency?
While some businesses in Prague may accept Euros, there are advantages to using the local currency, Czech Koruna, for your transactions.
Advantages of using Czech Koruna instead of Euros
Using Czech Koruna can provide better value for your purchases, especially when dealing with smaller vendors and local businesses. It can also help you avoid unfavorable exchange rates often associated with making purchases in a foreign currency.
How much cash to carry in Prague
It’s recommended to carry a moderate amount of local currency for your daily expenses, especially when visiting less touristy areas where businesses may prefer transactions in Czech Koruna. I have covered this in detail about in guide about Prague Travel Budget.
Using ATMs in Prague
ATMs are widely available throughout Prague, allowing you to withdraw Czech Koruna as needed. However, it’s important to be aware of any fees associated with international withdrawals and to use reputable ATMs affiliated with banks to ensure secure transactions.
Important tips for handling currency and transactions in Prague
Ensuring smooth transactions during your visit to Prague involves understanding the tipping culture, recommending the best places for currency exchange, and prioritizing secure transactions.
Understanding Tipping Culture in Prague
Tipping in Prague is appreciated but not obligatory. It’s customary to round up the bill or leave a small tip for good service, usually around 10% of the total amount.
So now you know that you need to exchange money upon arrival in Prague as Euros is not widely accepted. Czech Koruna is the official currency of Prague.
If you re in the planning phase of your trip to Prague then you can check our Prague Travel Resouce.