Euro or Koruny in Prague
#1
Original Poster
Joined: Mar 2006
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Euro or Koruny in Prague
Planning our first trip to Prague in August. I gather you can use either Euro or Koruny since our hotel quoted their rate in Euro, but gave us a price for breakfast and parking in Koruny. So my question is about pastry shops, cafes, etc. Just for walking around money, which is used more?
#3

Joined: Jan 2003
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Hotels quote rates a lot in Euro in the CR, that does not mean you can pay in euro nor that the CR uses the euro. Countries don't generally use dual currencies. Hotels quote in euros because a lot of their customers know that currency, so they can evaluate the room rate better that way. Do not assume anything just due to a quote, your hotel may not even accept euro (which wouldn't surprise me). The CR isn't going to use the euro until at least 2010, last I heard, and I think that date was unlikely. They aren't allowed to use it until approved, and the planned date was 2010-2012. Being in the EU does not mean you automatically use the euro.
#4
Joined: Aug 2006
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Actually, it was a good question, considering the variations in quotations the OP cited.
There are many places in the world where another currency is actually more preferred than the local currency. Mexico is a perfect example. For decades the USD was preferred over the Peso in many areas of the country. This was also true for every island in the Caribbean, with the exception of the French islands. Also in Colombia and Peru.
There are many places in the world where another currency is actually more preferred than the local currency. Mexico is a perfect example. For decades the USD was preferred over the Peso in many areas of the country. This was also true for every island in the Caribbean, with the exception of the French islands. Also in Colombia and Peru.
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#8
Joined: Oct 2008
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I am a regular traveller to the Czech republic .The local currency is the Czech Crown (CzK) and you Will need this for walking around money.
Yes the Euro is accepted in many places but you will get a very bad exchange rate controlled only by the people /business accepting the Euros.My adivice is whenever you can get quotations in the local currency,also use Atm's for getting money and do not use exchange booths for converting dollars to Czk.
The Czech Republic will not for the foreseable future be converting to the Euro.
Yes the Euro is accepted in many places but you will get a very bad exchange rate controlled only by the people /business accepting the Euros.My adivice is whenever you can get quotations in the local currency,also use Atm's for getting money and do not use exchange booths for converting dollars to Czk.
The Czech Republic will not for the foreseable future be converting to the Euro.
#10
Joined: Jun 2005
Posts: 57
Likes: 0
When the days comes that I can
1. pay with Polish Zloty in Winslow, Arizona;
2. settle a bar bill in Havre, Montana with Estonian kroon;
3. use Swiss francs for a cab fare in Winnipeg
then, and only then, would I advise anyone to take dollars or euros to the Czech Republic. Unless your life is limited to ultra-posh hotels and upmarket limos, you will be laughed out of town. When in Rome, as they say....
You'll need CZ Koruny to 1. buy a banana in the market, 2. buy a métro ticket, 3. buy a copy of the local newspaper, 4. pick up a beer at the local store, 5. buy a ticket a football match, 6. buy a tram ticket, 7. make a donation to the woman who begs outside your posh hotel. And for a dozen more small transactions.
Get the local currency.... always.... without fail. Without the local currency, you just set yourself up to be mocked and ripped off. Especially if you ask to use dollars. Roubles at a pinch, perhaps. Euros in an emergency. But the dollar will evoke more than a few smiles and some real derision. Honest!
1. pay with Polish Zloty in Winslow, Arizona;
2. settle a bar bill in Havre, Montana with Estonian kroon;
3. use Swiss francs for a cab fare in Winnipeg
then, and only then, would I advise anyone to take dollars or euros to the Czech Republic. Unless your life is limited to ultra-posh hotels and upmarket limos, you will be laughed out of town. When in Rome, as they say....
You'll need CZ Koruny to 1. buy a banana in the market, 2. buy a métro ticket, 3. buy a copy of the local newspaper, 4. pick up a beer at the local store, 5. buy a ticket a football match, 6. buy a tram ticket, 7. make a donation to the woman who begs outside your posh hotel. And for a dozen more small transactions.
Get the local currency.... always.... without fail. Without the local currency, you just set yourself up to be mocked and ripped off. Especially if you ask to use dollars. Roubles at a pinch, perhaps. Euros in an emergency. But the dollar will evoke more than a few smiles and some real derision. Honest!
#13
Joined: Feb 2005
Posts: 9,016
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I reserve the right to misspell any US town or city. As a retaliatory measure for every misspelled European town name, at least two US towns will have to suffer under wrong spellings. So whoever lives in Afcron or Ankron, Ohio, you will have to feel the pain.
And who wants to pay for his snacks in foreign currency needs to go to Zimbabwe. But maybe it works in Afcron too, in just a few weeks?
And who wants to pay for his snacks in foreign currency needs to go to Zimbabwe. But maybe it works in Afcron too, in just a few weeks?
#14
Joined: Jan 2003
Posts: 11,212
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We have to cut logos a break and feel sorry for him and his bad spelling as his office does not have air conditioning and his photo looks like he is in meltdown! Also, he never seems to get farther in his travels than downtown Muenchen and Muenchen West so the people of Akron are safe!
#16
Original Poster
Joined: Mar 2006
Posts: 192
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I wasn't planning on using or asking anyone to accept dollars, but the price quoted for hotel and guide in Euros were both reasonable in a dollar to Euro exchange rate, so I'm not sure how I could be ripped off. Doesn't mean I won't be, I just need to understand it better. I was in Italy, Greece, and Turkey last year and in London and Paris the year before. I watched the exchange rate and could kind of convert in my head. So when a guide says he charges 88 Euro, I know that's about $120 or so, which is about what we paid for a private guide in Paris.
Anyway, my main question was how to pay in small shops,etc., and the answer seems to be Czech money. Thanks
Anyway, my main question was how to pay in small shops,etc., and the answer seems to be Czech money. Thanks
#18
Joined: Oct 2003
Posts: 57,886
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Prague is not yet on the euro. some hotels quote rates in euros so tourists don;t have to translate the currency. You will probably be able to use euros at some tourist restatuarants or shops - but at a scandalous rate of exchange. In most places you will have to use the local currency.
Assuming you're coming from the US you can;t change US$ to euros - only koruna - in Prague and ATMs will dispense only local currency.
Assuming you're coming from the US you can;t change US$ to euros - only koruna - in Prague and ATMs will dispense only local currency.
#19
Joined: Mar 2006
Posts: 733
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Hi Brockbank,
I'm living in Prague right now. At Tesco (supermarket), if you pay with Euros, the exchange rate they are giving is 1 EUR = 26 CZK.
However, today's rate was 1 Eur = 26.2051 CZK (according to www.xe.com)
So that means that if you pay with Euros, you would be paying about 20.51 CZK more per 100 Euros spent. Which is not too bad, that comes about to be slightly over a dollar extra (1 USD = 18.8364 CZK today) for every 100 Euros that you spend.
However, I must warn you, it's very likely that Czech businesses will quote foreigners a different price than local Czechs. It's worse if you want to pay with Euros.
FYI, sometimes the Czechs are sneaky and short-change you.
There is also a different price at restaurants. For example, they will give you one menu with one set of prices but charge you a different, higher, price for sitting outside, but they won't tell you and you might not notice.
If you pay with credit card there will be a 3% charge by your US credit card for the foreign transaction (except for Capital One card, they don't have this charge). Some smaller businesses also require a minimum amount of purchase if you want to use your credit card.
If you change your USD cash to Euros cash at one of those currency exchange places (for example, at the airport or train station), they will give you a really bad exchange rate.
So the best way is to withdraw CZK here at a local ATM when you get here and pay in CZK, not Euros.
From what I've observed, the only people who use Euros to pay for things here in Prague are the tourists. Every time I see them get ripped off I cringe. For example, locals know that you could get a liter of good czech beer for 35 CZK. In old town, they charge the tourists 95 CZK, or if they want to pay in Euros (which is very likely), they charge 5 Euros (way more than the exchange rate).
I'm living in Prague right now. At Tesco (supermarket), if you pay with Euros, the exchange rate they are giving is 1 EUR = 26 CZK.
However, today's rate was 1 Eur = 26.2051 CZK (according to www.xe.com)
So that means that if you pay with Euros, you would be paying about 20.51 CZK more per 100 Euros spent. Which is not too bad, that comes about to be slightly over a dollar extra (1 USD = 18.8364 CZK today) for every 100 Euros that you spend.
However, I must warn you, it's very likely that Czech businesses will quote foreigners a different price than local Czechs. It's worse if you want to pay with Euros.
FYI, sometimes the Czechs are sneaky and short-change you.
There is also a different price at restaurants. For example, they will give you one menu with one set of prices but charge you a different, higher, price for sitting outside, but they won't tell you and you might not notice.
If you pay with credit card there will be a 3% charge by your US credit card for the foreign transaction (except for Capital One card, they don't have this charge). Some smaller businesses also require a minimum amount of purchase if you want to use your credit card.
If you change your USD cash to Euros cash at one of those currency exchange places (for example, at the airport or train station), they will give you a really bad exchange rate.
So the best way is to withdraw CZK here at a local ATM when you get here and pay in CZK, not Euros.
From what I've observed, the only people who use Euros to pay for things here in Prague are the tourists. Every time I see them get ripped off I cringe. For example, locals know that you could get a liter of good czech beer for 35 CZK. In old town, they charge the tourists 95 CZK, or if they want to pay in Euros (which is very likely), they charge 5 Euros (way more than the exchange rate).

