What is the currency used in Prague?
The currency used in Prague, the capital city of the Czech Republic, is the Czech koruna (CZK). The koruna is the official currency of the country and is commonly referred to as “crowns” in English.
FAQs about Currency in Prague:
1. Can I use euros in Prague?
While some establishments (especially in tourist areas) may accept euros, it is advisable to use the local currency, Czech koruna, for most transactions.
2. Where can I exchange currency in Prague?
Currency exchange offices, called “směnárna”, can be found throughout the city, especially in popular tourist areas like Old Town. Banks and some hotels also offer currency exchange services.
3. Are ATMs widely available in Prague?
Yes, ATMs are easily accessible in Prague, and most of them will allow you to withdraw Czech koruna directly from your bank account. However, be cautious of potential fees and unfavorable exchange rates from your home bank.
4. Can I pay with credit cards in Prague?
Credit cards are widely accepted in most restaurants, hotels, stores, and tourist attractions in Prague. However, it is advisable to carry some cash, especially when visiting smaller establishments or local markets.
5. Are traveler’s checks accepted in Prague?
While once popular, traveler’s checks are less commonly accepted in Prague nowadays. It’s best to rely on credit cards or withdraw cash from ATMs when needed.
6. What are the commonly available banknotes in the Czech Republic?
The Czech koruna banknotes include denominations of 100, 200, 500, 1000, 2000, and 5000 koruna. It is useful to familiarize yourself with the appearance and security features of each denomination to avoid counterfeit notes.
7. Are coins widely used in Prague?
Coins in Czech koruna are frequently used for small denominations. Available coins include 1, 2, 5, 10, 20, and 50 koruna.
8. Can I use other European currencies in Prague?
No, in Prague, only Czech koruna is accepted as legal tender. Other European currencies, including the euro, are not widely accepted.
9. Should I exchange money at the airport?
Exchanging money at the airport may be convenient, but the exchange rates are often less favorable compared to city center exchange offices or banks. If possible, exchange only a small amount at the airport and find better rates elsewhere.
10. Is haggling common in Prague?
Haggling is not common in regular shops and establishments in Prague. However, you may have some room for negotiation in local markets, especially when purchasing non-standard goods or services.
11. Can I use mobile payment options like Apple Pay or Google Pay in Prague?
While the use of mobile payment options like Apple Pay and Google Pay is increasing, their acceptance may still vary among businesses in Prague. It is advisable to carry cash or a credit card as a backup.
12. What should I do if I have leftover Czech koruna at the end of my trip?
To convert any remaining Czech koruna back into your home currency, you can visit currency exchange offices or banks in Prague. However, keep in mind that some offices may charge a commission or have minimum exchange requirements.