Where can you exchange money in Prague without a huge commission?

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Currency exchange in the capital of the Czech Republic can be very tricky. To avoid being ripped off, you should be on your guard and check out in advance where certified exchange offices are in Prague. Prahatrip has collected information about the best and the safest exchange offices for you.

  1. What you need to know about currency exchange in Prague
  2. What currency is best to use for a tourist?
  3. Where to exchange money in Prague: addresses of certifies exchange offices
  4. How to exchange currency in Prague safely?
  5. What you need to know about currency exchange in Prague

    The Czech Republic is in the process of introducing the euro as the national currency, so the money exchange system is now very flexible as here you can pay in three currencies. However, it would be best to exchange your money for crowns since they will be accepted even in the most remote parts of the city. But be careful with 20 and 50 crown bills. Now they are considered outdated and they are not valid anymore, but the catch is that some exchange offices still continue to use it. Keep it in mind and before you travel, remember the visual image of these bills and don’t hesitate to point out the mistake to the staff of the exchange office if they give it to you.

    What currency is best to use for a tourist?

    In the Czech Republic you can pay in crowns, euros and even dollars. However, the exchange fees for euros and dollars sometimes seem to be unreasonably unprofitable for you. You should have some dollars and euros though in case you are going on an excursion to other European countries, for example, to Austria. In the Czech Republic itself, it is better to pay in crowns.

    Where to exchange money in Prague: addresses of certifies exchange offices

    Usually exchange offices are open from 10:00 to 20:00. The exchange rates are different everywhere, but the most profitable ones are considered exchange offices owned by immigrants from Arab countries. This happens because in many cases they work illegally and focus on a large tourist flow, so they provide services without commission. Addresses of reliable exchange offices used and approved by tourists and locals:

    • Capital Exchange at Jindřišská 908/12 and Kožná 486/13.
    • Alfa Prague at Náměstí Republiky 1 (Palladium shopping center).
    • Provaznická Exchange at Provaznická 386/1.
    • Směnárna RYM at Panská 6.
    • Nekázanka Exchange at Nekázanka 884/10, 110 00 Nové Město.

    How to exchange currency in Prague safely?

    To avoid being ripped off, just follow these simple steps:

    • Check the offered rate near the exchange office.
    • Calculate the total amount yourself after the exchange.
    • Talk to the manager, check with him for the total amount and insist if your calculations diverge greatly in favor of the exchange office.
    • When you receive cash, count it with no rush at the cash register, and don’t forget to check if you have any 20 and 50  bills.
    • Do not use the services of the first exchange offices you come across or strangers on the street.

    Now that you know how to exchange money in Prague without exorbitant fees and at a good rate you can start planning your travel program. We recommend starting with a sightseeing tour of Prague. It is perfect to relax and get distracted after all the exchange difficulties you have gone through. We have collected the best offers for tours in the Old and New Town to facilitate your traveling! You can check it out here.

    If you want to diversify your vacation, be sure to visit one of the river cruises in Prague. Enjoy the romance of the Vltava River, appreciate the beauty of ancient bridges and buildings from an unusual angle. After the cruise, don't forget to run into a cozy cafe and share your impressions with new friends!

    River cruise tickets in Prague


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