Currency

The official currency of the Czech Republic is Koruna (code CZK; symbol Kč, plural koruny or korun), divided into 100 haler. Available notes come in the following denominations: 5,000, 2,000, 1,000, 500, 200, 100 and 50 korun. Coins are in denominations of 50, 20, 10, 5, 2 and 1 korun and 50 haler.

A few shops or restaurants may accept euro (mostly near the German border), at verying exchange rates, but change may be given in korun. Generally, tourist should not count on their euros being accepted as payment.

Foreign Currency Exchange

Foreign currency can be exchanged in banks or at money exchange offices. Banks often charge higher commissions for smaller amounts and better commissions, around (2%) are offered only for amounts above the limit.

There are many exchange offices around cities and towns, but visitors must be very cautious when changing money there. Some of the offices attract people with misleading 'no commission' signs, but in fact they tend to charge foreigners (locals don't even go there) much higher commissions or add some hidden fees. The only way to make sure you are not ripped-off is ask for the amount of korun they will give you before you finalize the transaction. Recommended way to get cash is using the ATMs.

Never accept an offer to change the money on a street. Most likely you will receive counterfeit money.

ATM's

Automated Teller Machines (ATM's), in Czech 'bankomaty' (singular 'bankomat'), are widely available throughout major cities in the Czech Republic. They are connected to international networks and allow for easy cash withdrawal from debit cards as well cash advance from most credit cards. Most ATM's will dispense amounts of up to Kč10,000.

Credit Cards

Major credit cards (in particular Visa, MasterCard, American Express) are accepted in some hotels, restaurants and shops. They can also be used in ATM's for cash withdrawal. Many smaller stores or restaurants, particularly outside of large cities will not accept any credit cards.

Traveler's Checks

Traveler's checks can be cashed in banks as well as American Express and Thomas Cook offices that exchange their own brand checks without commission. Best exchange rates are offered for checks in US dollars, euros or pounds sterling.

Banking Hours

Typically banks are open from 8:00am to 4:30pm, Monday to Friday.

Current Czech Republic Koruna Rates

For other currencies or conversion amounts go to Currency Converter

    

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