Prague Guide

The initial difference you will probably see with Czech banks is the significant monthly charges for standard services, such as withdrawals from ATM’s that, in the UK or US, tend to be far less or even complimentary. The sole piece of positive news is that, because of increased competition for clients and, with newer internet banks appearing offering less expensive services, banks have to provide improved value for your custom.

Exchange.cz and Exchange 8 in Prague centre differ from other exchange offices more than you can imagine. Of course everybody is interested in the price for which money is sold or bought. And here we experienced our first pleasant surprise.

The face sides of banknotes have portraits of famous personalities from Czech history.

Our readers recommend this eXchange office in Prague. If wish to exchange money regularly, you can ask them for VIP card.

I must warn the tourists in Prague and other big cities about the pathetic scums who prey on unsuspecting bargain seeking/ greedy Dollar/Euro/Pound Sterling carrying people by offering them a rate sufficiently above the rates offered at other office ...

Is Prague an expensive city to visit? Apart from accommodation prices, city centre restaurants and other tourist attractions, Prague is still quite cheap compared to other EU countries. An average tourist will spend around 1700 CZK (70 EUR) per person per day.

The cheapest option is to withdraw money from a ATM, as there's no charge or commission. Most private exchange offices in Prague charge commission of up to 10% and they will advertise higher exchange rates, hoping customers will not realise there is a high commission fee.