Money Exchange offices in Prague
Please be careful, unfortunately there are some exchange offices in the centre of Prague that offer very bad rates. Don’t exchange for less than 26 CZK for 1 EUR. Always ask before exchanging. For example, “How much I will get for 100 EUR?” Calculate before and know what rate is good.
For today it is a middle rate:
Where is a good place to exchange money?
In the city centre:
Address: Exchange Kaprova 14/13, 110 00 Praha 1-Staré Město
Please avoid these unfair exchange offices: Chequepoint on Staromestské náměstí, SKIP it, because you will get only about 15 CZK for 1 EUR, not around 26 CZK.
Last tip: DON’T EXCHANGE MONEY ON THE STREET 🙂
Check out this video about Prague’s exchange offices
Or withdraw Czech currency from an ATM
You can also withdraw Czech currency from an ATM with your credit card. From what I know, Czech banks do not add a fee for withdrawal at an ATM. However, please check your fee charge with your own bank…
If you want to save money when you travel and withdraw from ATMs abroad, I recommed you get Revolut card, because you will get better rates than your bank can offer. If you travel often you will save money and you can stop supporting unreasonable bank charges.
I compared the bank rates when I traveled in Kyrgyzstan and when I withdrew around 200 EUR in SOM (Kyrgyzstan currency) I saved 4 EUR compared to when my friends with a different bank withdrew money.
Download the app to your phone, it is for free 🙂
If you need a cheap way to transfer money from your country to the Czech Republic or other similar transfers, I recommend Transferwise.