Because the Czech Republic does not use the euro but the Czech crown as a currency, find out where to change money in Prague at the best rate.
And yes, in the Czech Republic, the currency used is not the euro but the Czech crown (CZK). For a soothed holiday and a good control of your budget, knowing the good plans and tips to change your euros in Prague at the best rate is very important.
Know that the exchange rate varies between 23 and 27 Czech kroner for 1 euro, usually the selected rate is 25 CZK for 1 euro. It is important to keep this data in mind when you go to a currency office in Prague or elsewhere.
Also: The 14 things to do in Prague
Where to change the money in Prague? How to choose your currency exchange in Prague?
Normally, all exchange offices and banks in Prague calculate their exchange rates from the average price of the Czech crown (of the day before) indicated by the Czech National Bank. Thus, the rate is usually indicated on the fronts of the exchange offices: be vigilant, as often, the rate indicated in large is that of the sale (for euros) and not that of the purchase (€ against crowns), indicated in smaller. The goal is to make you believe at interesting rates, while it is not in reality.
Do not hesitate to compare the exchange rates of the different institutions when you are looking for a currency exchange office in Prague, as well as the commissions applied. Once again, caution with regard to the commissions, some exchange offices in Prague indicate “without commission” but under untouchable conditions (many hundred euros – which is not necessarily necessary when you go to Prague for a weekend).
Photo credit: Flickr – mendhak
It should be noted that most exchange offices are present in the city centre and are open from 9:00 a.m. to 6:00 p.m., or later for the most touristic places. We advise you to avoid the offices of places too touristic as on Venceslas Square, Karlova Street leading to Charles Bridge, Celetna Street, Old Town Square, as well as the airport (please change only about 20 euros if needed for the taxi or bus).
We advise you to go to the Exchange exchange office located in Kaprova 14/13, 110 00 Josefov , close to Old Town Square: it does not apply any commission, the exchange rate is very stable, advantageous and up-to-date every day – one of the best offices to change money in Prague.
Change the money or withdraw to the bank in Prague
To change the money in Prague, you can also turn to the banks. Their practices are not fraudulent, but not necessarily more advantageous: courses are often less interesting and some charge a commission. Their schedules are also smaller: Monday to Friday, from 9:00 a.m. to 5:00 p.m.
Good to know. Removing money from a distributor can be an alternative to taking Euros to Prague, however make sure to check the withdrawal fees from your bank and select the withdrawal without conversion when you withdraw money from a distributor: the proposed conversion rate is often very disadvantageous compared to the conversion at the current rate.
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