Where to exchange money in Prague and how much?

Learn where to exchange money in Prague and where not! If you come to Prague it is always good to have some cash with you. Prague is very card friendly city, however just for your personal comfort it is highly recommend to exchange at least a portion of your budget to Czech koruna (CZK). You can either use any bank branded ATM or stop at money exchange office. Just make sure you pick the right one. It is not always easy.

And who is writing this blog for you? My name is Dana and besides running my small business called Prague Behind The Scenes I also like writing about my hometown. To prevent future visitors from the local tourist traps. Changing money is one of them. Should you have any questions or wish to learn more about Prague, please drop me a line at dana@praguebehindthescenes.com.

exchange money in praue
Dana, owner and guide for Prague Behind The Scenes. And author of this blog.

Fast facts: how much for one Euro or USD?

Exchange rate for 1 Euro shouldn´t be less than 24 CZK, for 1 USD you should get 21 CZK. Such an exchange rate we consider to be fairly good (information from March 2022, the rates vary a lot these days). Charging a commision is a good trick of many exchange offices downtown. They usually offer a slightly better rate, however always take quite a high commission. At the end – not a good deal. Always ask ahead.

where to echange money in prague

Where we go to exchange money in Prague?

Many Czechs, including me, go to a place called Exchange.cz (address: corner house at Nám. Franze Kafky 2, Prague) as we all know that many exchange offices downtown are notorious for ripping people off. That´s why we basically don´t waste time and go directly to Exchange.cz close to Old Town Square, 1 minute from the Astronomical Clock. Sometimes there are line ups in front of the entrance but no worries, it pays back (literally). They offer fair services and very good exchange rates. You don´t have to be afraid of any hidden fees or paying a commission. 

Exchange.cz office downtown Prague.

How much money should you exchange?

If you prefer cash in Prague, one person should have around 1500 – 2000 CZK / day. To cover all standard meals, drinks, tickets, basic grocery.

What if you exchange money in Prague at a bad place?

If you get ripped off at some unfair exchange office and you find it out later, according to Czech law, within the timeframe of 3 hours, you can be refunded at the place of transaction. You just need the original receipt. Don´t be afraid and ask your money back. It´s your right!

Never ever exchange money in the streets!

Do you prefer ATM? Make sure you choose the right one!

In case you prefer withdrawing money from ATM, please avoid Euronet Worldwide machines (of course, they are strategicaly located everywhere downtown). You will recognize them – they have blue-yellow branding. Once their ATMs detect foreign card, they will push you to withdraw high amount of money – like 10 000 for example – for this amount you can get 222 large tap beers. You really don´t need so much cash.    

Try to avoid these tricky ATMs!