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Where to Change Money in Prague? Easy & Safe + Map (2024 Update)
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May 4, 2025
Map with all the good honest exchange places in Prague: https://honest.blog/honest-exchange-places/ Keep in mind - always look at "we buy" rate. If you're unhappy with the transaction, you have 3 hours to get your money back (always keep the receipt!). Also - you can pay with your card almost anywhere!!! Our video why ATM isn't always the best idea: https://youtu.be/rdYhm__yMQY Help us create more videos by joining us on Patreon http://patreon.com/honestguide Thank you, our creative journey would not have been possible without your help Our BOOK: https://honest.blog/shop/honest-guide-en/ (Best places for beer, coffee & food included) Honest Guide on Instagram: https://instagram.com/realhonestguide Janek: https://instagram.com/janekrubes/ Honza: https://instagram.com/honzamikulka/ Facebook: https://www.facebook.com/HonestPragueGuide/ Music we use for our videos: https://bit.ly/HonestMusic (A great website for creators. This is an affiliate link and we may earn a commission if you purchase through our link.)
View Video Transcript
0:00
Hello and welcome to Prague, Czech Republic, a country in the heart of Europe, yet we do not use
0:05
euro as our currency. We use Czech crowns. This is what they look like. This is 2000
0:10
almost the largest bill. And one euro equals to 25 crowns. And today we're going to show you where
0:16
and how to exchange euros or any currency into our currency of the Czech crowns without being
0:23
tricked or scammed. So now I'm going to pretend to be a tourist. I got 10 euros in my pocket
0:27
want to change it into Czech crowns, where do I go? This is one of the largest squares in Prague. Well right there next to the tourist info center is a good spot
0:34
And here we are at the exchange office with a large board telling me what is
0:41
the current exchange rate for different currencies. Since I'm bringing in 10
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euros and I will get 25 crowns for 1 euro, I'm gonna get 250 crowns. Should I
0:51
try it out. And just as I expected for 10 euros I got 250 Czech crowns. We moved to another spot
1:05
where literally one minute walk from the old town square with the famous astronomical clock and this
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exchange office, same story, for 10 euros you're gonna get 250 crowns. But keep in mind you can
1:16
change how much you want. You can change 50 euros, 100 euros, dollars, any currency you bring in
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they will give you Czech crowns. We moved only tiny bit. We're still in the same building and
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there's another great honest exchange office. And this one will even give you a little more
1:31
So for 10 euros, you're not going to get 250, but 253 crowns. So if you're changing a higher sum
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it may be better to come here. But wait, there are dozens of good and honest exchange offices
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in Prague where you can safely exchange money. We actually made a map that was viewed by more than
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million people looking for a good honest exchange place and we not only want to show you specific
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locations but we want you to understand the logic behind exchanging foreign currency into
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Czech crowns. Let me explain to you by the board. As you can see you can bring in different currencies
2:04
from all around the world but since we giving the example on euros it the first line usually and we want to look at the column that says we buy because the exchange office is buying your currency from you and in this case it 25 35 The other column we sell
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is when you want to buy the foreign currency not going to be the case of a tourist or a foreigner
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but if I as a Czech person would walk in here and I would want to buy euros
2:30
I'm looking here but you want to look at the we buy column
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But, yep, there's a but to the story of the exchange offices
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because there are still a few left in the city center that have very bad rates
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So when I told you that you can get 25 crowns for 1 euro
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in the places we showed you and the places on our map, this place would give you very bad rate
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You want to see it? Best rates for US dollars and euros
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Well, let's check it out. Good morning. So as you walk in, you'll find this tiny little piece of paper
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Let me find euros here. There we go. For one euro, you're only getting 18 crowns
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But you may argue, and I'm pretty sure they will argue, by saying, well, we're on the main square, the rent is high
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and this is the normal standard rate. Not really. How about that exchange office over there
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How about we check it out? We only walked 100 steps to this exchange office
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and suddenly the rate is back to normal to 25.5 for one euro. So imagine this, imagine you're
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changing 100 euros at that or this place by walking the hundred steps you're saving 750 crowns
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That's a lot. That's like a full dinner for two including beers
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100 steps. That's a bite for every step. One more thing about this exchange office, you may want to remember the bright orange color
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because you will see it if you arrive to Prague by plane
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There's many offices at the Prague airport, so you better do not exchange your money there
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Just wait till you're in the city center. And do not come here, but over there
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Well you just saw it As I said only a few rotten apples left in the city Well here another example of a very bad exchange rate
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Even though what you're seeing right now looks pretty good, right? Looks like 26 for a euro
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No, no, no. You got to change the angle, Hansa, a bit. And suddenly you'll find out that you were looking at WeSell
4:41
but you want to look at WeBuy, which is 17.89 for a euro, which is ridiculous
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One more very, very bad place we want to show you
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Again, this place would give you around 18 crowns for a euro, which is a very bad rate
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But if you make the mistake of actually falling into this tourist trap or any other around the city in terms of exchange offices
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you have an emergency break. I would almost refer to it as the honest exchange law
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Because you have three hours to get your money back if you have the receipt
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So that's important to always have a receipt and keep it with you when you exchange money
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And if you walk out and find out, oh, wait, they only gave me 18 crowns for one euro
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Well, I have the receipt and I have three hours to get it back. And that's exactly what we experienced here just recently with a guy who got his money
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He only got 18 crowns for a euro. And we said, guess what? There's a law. We can get you the money back. And we got him the money back
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And he was happy. Also, ironically, this place is called Best and Fast Change
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Who's coming up with these names? We've been covering the topic of exchange offices, of the bad ones, for a very long time with Honza
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And many of them shut down, more than a dozen. Here used to be a dishonest place to change money
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Thanks to the city authorities, it's now gone. It's been replaced with an ATM, which by the way may lead you to think that getting cash
6:19
out of an ATM is safe and it's reliable. Well, not really
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These ATMs and many others can also trick you and charge you ridiculous fees
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In a nutshell you always want to decline conversion or choose without conversion But if you want to get a more specific explanation of this you can watch our videos specifically on ATX
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I hope you understand after watching this video how and where to change money in Prague, Czech Republic
6:52
But all this being said, it is still the safest and the easiest to pay with your card
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We pay with our cards everywhere, and most places will accept cards
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So if you walk into a Starbucks, you can just tap your card and get your coffee
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Why the hell am I mentioning Starbucks? Well, because right here, a couple of years ago, before Starbucks, was the very first scam exchange office in Prague
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That got us to the entire topic. We were filming about it for years
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It took a lot of effort, a lot of videos, a lot of you people to help us with it
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And finally, you know, it was gone and now it's a Starbucks. And just a quick side note to the longtime subscribers
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we will get back to the topic of scam exchange offices because they were fined
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They got huge fines and maybe they didn't pay the fines. So we wanna investigate that a bit more
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So a quick recap, the map with honest exchange offices is below in the description
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Check it out. If you're going to exchange money at an exchange office, you wanna look at the we buy column
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And of course, if you fall into a tourist trap, you have three hours to get your money back
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You should be safe now. I hope we saved you some money with this video. And if we did, you can spend them on something cool in the city
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You can go for a dinner, to a pub, to a bar, to a coffee place. And those tips can be found on our channel, Honest Guide
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So check out the entire channel. We got a lot of tips for our lovely city of Prague
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I'll see you next week. Honza and Janek, the Honest Guides. Oh, I'd almost forget one last thing
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Never, ever, ever, ever exchange money on the street. Somebody may approach you and be like, oh, I have a better rate
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I'll give you Czech crowns. Well, no. Instead of Czech crowns, he would give you expired Belarusian rubbles that are
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worth nothing so you would fall into a trap. Never ever change money on the street, please
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And a Czech word at the end, we're going to teach you turistická past, which is a tourist trap
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Turistická past, tourist trap, which you're not going to fall into because you watch this video
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So you're not going to fall into turistická past
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