Prague is among Europe’s more affordable and beautiful destinations, but many first-time visitors find the Czech Koruna (CZK) currency confusing. Between scams at the shady exchange booths, ATM fees, the rise of contactless payments in Prague, and more, knowing how to handle your money properly can make a big difference to your overall travel budget.
This ultimate guide explains how to exchange currency for the Czech koruna in Prague without costing you money. It contains helpful pointers on where to exchange cash, how to avoid scams, using cards and digital payments, etc. So, whether you bring USD dollars or euros or intend to use a debit card, you can remember to spend wisely and smartly, avoid tourist traps, and enjoy your trip.
The Czech Koruna (abbreviated Kc) is the official currency of the Czech Republic. Unlike many EU countries, it does not use the euro.
Familiarizing yourself with the look of Czech notes and coins is essential for avoiding confusion and overpaying.
Not all spots are created equal when exchanging foreign cash for Czech Koruna. These tips for exchanging currency in Prague can help you keep more koruna in your pocket.
Prague Airport has some of the worst exchange rates in the city and has most likely added hidden fees. If you need foreign cash for transport, only exchange the equivalent of about $20-30.
The most reputable exchange offices are in the city center; not all are honest. Look for the following:
Avoid the small currency booths around tourist traps, especially in Wenceslas Square or Old Town. Many of these have deceptive "buy/sell" signs; with attractive exchange rates, they look to bait departures with hidden fees.
Always ask how much CZK you’ll receive for your currency before handing over your money. It is your legal right. If you feel pressured or cheated, walk away.
Tourists are frequently targeted with currency exchange scams in Prague. Here’s how to protect yourself:
Using ATMs (bankomats) is often safer and more cost-effective than exchange offices, but only if you follow a few critical rules.
Pro Tip: Withdraw enough for a few days to minimize per-transaction fees.
The Czech Republic is highly card-friendly, especially in cities like Prague. Contactless payments (NFC-enabled cards and digital wallets) are accepted in:
This Czech Republic contactless payment guide helps you avoid needing too much cash. However, always carry some CZK coins for public toilets, small bakeries, or rural travel.
Even though cards are accepted widely, there are places where cash is still king:
You can use cash selectively. Don’t carry too much to avoid pickpocket risk.
Prague remains one of Europe’s most affordable capital cities. Here's a rough daily cost estimate (in CZK) for a mid-range traveler:
| Expense | Average Cost |
| Public Transit Ticket (30 min) | 30 CZK |
| Coffee at Café | 50–80 CZK |
| Local Lunch | 150–250 CZK |
| Dinner with Beer | 300–500 CZK |
| Entrance to Castle/Attractions | 250–350 CZK |
| Day’s Budget Total | ~1000–1500 CZK ($45–$65) |
Planning your expenses helps reduce the need for frequent withdrawals or currency exchanges.
Good news for U.S. shoppers: as a non-EU visitor, you may be eligible for a VAT (value-added tax) refund when shopping in Prague.
Tax-free shopping in Prague can save Americans 10–21%, depending on the category (clothing, electronics, souvenirs).
Tip: Allow extra time at the airport to process paperwork.
Exchanging your home currency for CZK before arrival can be convenient, but rates are usually worse. Here's what you need to know:
| Option | Pros | Cons |
| Exchange at Home | Convenience | Poor rates and fees may not have CZK |
| Airport Exchange | Immediate cash | Alarming rates, high fees |
| Exchange in Prague | Better rates | Risk of scams |
| ATM Withdrawal | Fair rates, convenient | Bank fees if not reimbursed |
| Card Payments | Safe, widely accepted | May incur foreign transaction fees |
Ideal strategy:
Bring a small amount of CZK (or euros) for emergency use, then rely on ATM withdrawals and contactless payments in the city.
Let’s recap a few money-handling mistakes tourists make in Prague:
By avoiding these pitfalls, you’ll have more to spend on local beer, hearty Czech meals, and charming souvenirs.
Understanding Czech Koruna currency exchange in Prague is as much about making the best of your time in one of the most beautiful cities in Europe as saving a few bucks. From beautiful castles to beer gardens, medieval lanes, and cobbled streets, the last thing you want to do is fret about mistakes with your money.
Use this guide to equip yourself with some clever tactics, whether exchanging USD in Prague, using contactless payment cards, or planning to use tax-free shopping. Avoid the scams, maximize your koruna, and allow your money to work for you, not vice versa!
This content was created by AI