Czech Currency: Insider’s Tips for Travelers

The national currency of the Czech Republic is the Czech Crown (Česká Koruna, Czech Koruna). International abbreviation for Czech Crown is CZK, Czech abbreviation is Kč. Although the Czech Republic is a member of the European Union, we decided to keep our national currency.

5 Tips for travelers about Czech currency

These are precious insider TIPs on how to save money in Prague:

1. Best way to get Czech currency: Use ATM

ATMs are the best way to get the Czech koruna. Always look for an ATM of some BANK with a big name: e.g. KBC, Erste, Société Génerale/Komerční Banka, UniCredit, Česká Spořitelna, AirBank, Mbank, Equa Bank, Raiffeisen, etc.

Always avoid Euronet ATMs!!! They target tourists and have terrible commissions – up to 35 % and very bad exchange rates! These ATMs can be found all around Europe at touristic places including Prague. What a scam!

2. Prague Money Exchange Offices and Rates

You should be aware of money exchange offices, especially in Prague city center. Often you can see a giant sign 0% commission. This is a little bit of a Prague Scam.

Always look at the exchange rate! Usually, the exchange rate between CZK and EUR is around 25 CZK per 1 EUR. At these offices, you can often see their exchange rate as bad as 15 CZK per 1 EUR. It means that you would lose nearly half of the money value due to their extremely bad exchange rates!

Exchange offices to AVOID in Prague:

• Chequepoint – Blue sign with a flower instead of letter “O”
• Interchange – red color
• Western Union signs on exchange offices (Usually yellow color and blue sign, or orange color and white sign).

Don’t go to these places, unless you want to lose your money. Always check the “spread“ – the difference between buy and sell exchange rate. The higher the spread – the worse the money exchange.

But not all exchange offices are that bad, there are also credible currency exchanges where you can get Czech Koruna for a good deal.

Where to change money in Prague? – Honest places in Prague City Center

Near Wenceslas Square (Václavské Náměstí)

Visitor Change Na Můstku 404/2. This exchange is on the left side of the visitor center.
Opening hours: Daily 09:00–19:00 

Near Old Town Square:

At the corner of Maiselova and Kaprova street, you will find (Franz Kafka Square) Náměstí Franze Kafky 2. There is the Exchange office on the corner – big blue signs (Směnárna pro Čechy).
Opening hours: Daily 09:00 – 20:00

If you use a money exchange office in Prague, always remember: Check the exchange rate and commission!

3. Pay with card

Most of the places – restaurants, shops, museums, hotels, and pubs accept cards. We highly recommend using Revolut Card while traveling. You will need cash to pay for public transport. Ticket machines accept coins. Cash will be handy also if you want to buy something at the market or some stall.

Small shops sometimes have a minimum amount of card payment. It is usually around 200 CZK (8 EUR).

BIG Money-saving TIP: If the terminal asks you in which currency you want to be charged – always choose Czech Koruna. Otherwise, you lose some money for the exchange transaction.

4. Payment by Euro

Although you can pay by Euro at some places (usually at restaurants in Prague), we wouldn’t recommend it. You usually receive a change in Czech Koruna and the exchange rate tends to be worse than in a bank or ATM.

5. Don’t ever agree to change money in the street

It’s not such a common scam, but there are some bad people who would give you probably Belarusian Rubles instead of Czech Koruna. So please don’t ever exchange money in the streets of Prague.

Must read: Prague Airport: Insider Guide – All you need to know!

Czech coins and banknotes

1 crown consists of 100 halers. Halers are not used anymore; it is calculated with them only in cashless/card transactions. You can pay by card at the majority of places but not everywhere. Therefore, it’s always good to have some Czech Koruna in cash.

Coins: 1 CZK, 2 CZK, 5 CZK, 10 CZK, 20 CZK, 50 CZK

Czech coins are easy to recognize. The bigger the coin size, the higher the value.

Banknotes: 100 CZK, 200 CZK, 500 CZK, 1000 CZK, 2000 CZK, 5000 CZK

Czech banknotes also have different sizes – same as coins, the bigger they are, the higher the value. But don’t worry about the size. I bet you will primarily look at numbers.

Czech Koruna (CZK) exchange rate

You can check the current exchange rate of the Czech Koruna (automatically updated):

• 1 EUR = 25.26 CZK
• 1 USD = 24.55 CZK
• 1 GBP = 29.90 CZK

If you need to find out exchange rates of other currencies, you check currency converter here.

It is also handy to download an app: XE Currency Converter & Exchange Rate Calculator. Thanks to this app you can always see what the actual price of goods is – converted to your currency.

Czech currency cheat sheets

CZK to EUR

If you prefer tables, we have prepared for you a little currency “cheat sheet” for American Dollars (USD), Euro (EUR) and British Pound (GBP).

CZK	EUR	CZK	EUR
10	0.40	200	7.92
20	0.79	300	11.88
30	1.19	400	15.84
40	1.58	500	19.80
50	1.98	600	23.75
60	2.38	700	27.71
70	2.77	800	31.67
80	3.17	900	35.63
90	3.56	1000	39.59
100	3.96	2000	79.18

*Currency exchange rate is automatically updated

CZK to USD

CZK	USD	CZK	USD
10	0.41	200	8.15
20	0.81	300	12.22
30	1.22	400	16.29
40	1.63	500	20.37
50	2.04	600	24.44
60	2.44	700	28.51
70	2.85	800	32.59
80	3.26	900	36.66
90	3.67	1000	40.73
100	4.07	2000	81.46

*Currency exchange rate is automatically updated

CZK to GBP

CZK	GBP	CZK	GBP
10	0.33	200	6.69
20	0.67	300	10.03
30	1.00	400	13.38
40	1.34	500	16.72
50	1.67	600	20.07
60	2.01	700	23.41
70	2.34	800	26.76
80	2.68	900	30.10
90	3.01	1000	33.44
100	3.34	2000	66.89

*Currency exchange rate is automatically updated.

Prague currency, Prague money

People often ask about the Prague currency – it is the Czech Koruna. Prague is the Czech capital city.

Accommodation in Prague

We recommend Old Town Apartment Konviktska directly in the city center (5-minute walk from Charles Bridge) with a great owner and the best reviews. Book right now, because it’s popular and usually fully booked early.

Another great option is MOODs Charles Bridge.

If you prefer a cheap hostel than go to The Republic Garden with a great location and good reviews. Or you can check this post about the best hostels in Prague and select hostel, which fits you the best.

More Places to visit in the Czech Republic:

Read our ultimate guide to the best places to visit in the Czech Republic:

• 35+ Best Places to Visit in the Czech Republic: Insider’s Guide

Check this nice video about day trips from Prague:

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