Prague Money Exchange Guide for Tourists
Currency exchange offices are everywhere in central Prague, especially around Old Town Square and the main tourist routes. Exchanging money looks simple, but rates and fees can vary dramatically depending on where you go.
A few basic precautions will stop you losing unnecessary cash at the very start of your trip.
Is Euro Accepted in Prague?
The official currency of the Czech Republic is the Czech koruna, abbreviated as CZK.
Some hotels, souvenir shops and tourist-focused businesses accept euro, but:
- The rate offered is usually poor
- You will often receive change in CZK
- Prices are typically rounded against you
For almost all everyday payments, paying in CZK is cheaper and more transparent.
Why Airport Exchange Offices Are Rarely Favourable
Airport counters are convenient when you have just landed, but convenience usually comes with a cost.
Common issues include:
- Significantly weaker exchange rates
- Higher built-in margins
- Limited competition
If you need cash on arrival, withdraw a small amount from a proper bank ATM and exchange larger sums later in the city if necessary.
Tourist Zone Exchange Booths: What to Watch For
In Old Town, Wenceslas Square and near Charles Bridge you will see small exchange offices advertising attractive headline rates. The number displayed on the board is not always the rate you receive.
Pay attention to:
- Different rates for small versus large amounts
- Commission listed in small print
- “VIP” rates that require high minimum exchange amounts
Never exchange money with individuals approaching you on the street offering better rates. These are long-running scams and visitors regularly walk away with worthless or counterfeit notes.
Advertised Rate vs Actual Payout
Before handing over any euro or dollar:
- Ask exactly how many CZK you will receive
- Request the final amount to be shown on screen
- Confirm whether any commission applies
- Read the receipt carefully before signing
Czech law allows you to cancel the exchange within a limited time period at the same office if you keep the receipt and return immediately. Prevention is still far easier than correcting a mistake.
Where to Exchange Money in Prague
Generally safer options include:
- Established exchange offices with clear no-commission policies
- Locations slightly outside the most crowded tourist streets
- Withdrawing CZK directly from ATMs inside major Czech banks such as Česká spořitelna, Komerční banka or UniCredit
Be cautious of exchange offices advertising “0% commission” while offering a significantly weaker rate. The margin may simply be built into the rate itself.
In 2026, the simplest solution for most travellers is to skip exchange offices entirely and withdraw CZK from a bank-operated ATM. Avoid standalone tourist ATMs that add additional private fees.
Practical Tips for Exchanging Money
- Exchange only what you need for a short period
- Compare the final CZK amount in at least two places
- Keep every receipt
- Do not allow anyone to rush or pressure you
Cards such as Visa, Mastercard and Apple Pay are widely accepted across Prague, including many small shops and taxis. Carry modest cash for markets, tips and smaller venues.
Final Thoughts
Most visitors to Prague experience no serious issues with money. The city is safe and well organised. However, highly touristic areas operate on volume and built-in margins, and careless exchanges can be expensive.
Use CZK, confirm the final payout, avoid impulsive exchanges and ignore street offers. A few calm decisions at the beginning of your stay can save you real money and make your visit smoother.
