Money Exchange in Prague
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 get the currency at exchange offices in banks. They charge 2% of the amount as a commission, 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 transaction. Many hotels also provide foreign currency service, but their currency exchange rates are high. Never exchange your money on the street otherwise you may get cheated. Don’t get lured to those schemes, which show 0% commission.
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 get the currency at exchange offices in banks. They charge 2% of the amount as a commission, 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 transaction. Many hotels also provide foreign currency service, but their currency exchange rates are high. Never exchange your money on the street otherwise you may get cheated. Don’t get lured to those schemes, which show 0% commission.
ATMs
There are several ATMs (cash machines) that accept all types of debit and credit cards like Visa, MasterCard, Plus, Maestro, Cirrus and many more. In the Czech Republic, you can travel, dine and shop using your credit or debit cards.
Travellers’ cheques
Eurocheques are widely accepted in the banks of Czech Republic.
There are several ATMs (cash machines) that accept all types of debit and credit cards like Visa, MasterCard, Plus, Maestro, Cirrus and many more. In the Czech Republic, you can travel, dine and shop using your credit or debit cards.
Travellers’ cheques
Eurocheques are widely accepted in the banks of Czech Republic.
2 comments
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!!!!
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