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Money Exchange, Prague
See all Prague Warnings or Dangers
Crowds aplenty in Stare Mesto - Prague
Crowds aplenty in Stare Mesto
by DrewV
Prague Warnings or Dangers: Money Exchange tips posted by real travelers and Prague locals.
Money Exchange
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Prague Money Exchange ReviewsTips 1 - 10 of 53  
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Money Exchange: Use an ATM machine!
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  • By Sammyfloyd on May 27, 2004
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  • The ATM is the most convenient way to get money from a machine because it doesn't rip you off and it's convenient. The only things you need to think of when using an ATM is: 1. Your bank will most likely charge a minimum transaction fee, so make sure you get at least a few thousand Kc's for each withdrawl or your transaction costs will add up like a commission from the exchange bureau. You can call you bank in advance and ask them how much they charge. 2. The ATM's will give you big bills like 2,000 Kc notes, and some places don't like to take those. You should punch in your own amount like 4,900 to ensure you have small bills to begin with until you can find a place to break down your big note. 3. The ATM's let you choose the operating language in most cases.

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    Money Exchange: Be careful with taxi
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  • By vesna04 on November 11, 2005
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  • Taxi drivers in Prague are well known for their spoofing of tourists. However there are a few taxi services, that can be relied on. As a metter of fact there is one that can realy be trusted. We used their services several times and had no problems what so ever. The name of the company is AAA Taxi and their phone number is 14014. They can be called from reception for you, but make clear to the receptionist that you want that concrete taxi company, as many Hotels have their own deals with some drivers or taxists. Once we even took this taxi on the street and there were no problems eather.

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    Money Exchange: Money excange
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  • By vesna04 on November 11, 2005
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  • Never do it on the street. Check a few places before changing. Ask how much exactly you are going to get for your money. Carefuly read the notes writen with small letters on the botom of the excange board. Sometimes the rates seem fear, there is no commision but when you chang a money, you are given far less than it was writen you should. The trick is that on the botom of the board it is writen that the rates are valid only for exp. over 600 hundred euros. Once the transaction is made , you can,t pull your money back. I almoust made a full of myself with this trick in the excange office in Tesco. Fortunately, at the last moment I saw that tiny sentence.

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    Money Exchange: Watch their hands...
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  • By Carino on December 29, 2003
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  • Even though, they were aware of the danger, my friends wanted to exchange their money on the streets. An exchange rate 50% better then banks sounded just to nice. So this guy asked how much we wanted to change and he got the money from somewhere. He came back and had a bunch of bills on the top of his purse. He counted everything correctly and even the bills were allright. I kept his purse in eyesight, while my friend wanted to finish the deal. Then suddenly the guy flip over his purse and on the other side of the purse was the excact same bill on the outside but probably nothing on the inside.... I asked him to count it again.... yes, he got mad and we had to run..... but he didn't catch us, neither our money! Ha, ha!

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    Money Exchange: Money Exchange
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  • Updated By HORSCHECK on January 31, 2004
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  • 50 Czech Krons Note - Prague
    50 Czech Krons Note
    by HORSCHECK
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    There are plenty of Money Exchange Bureaus all over the town. I highly recommend to check a couple of them, before changing money. There are some differences between the rates. All publish "0 % COMMISSION" but most of them refer this only to "SELL" and not to "BUY" transactions. In fact I found a few which don't charge for buying transactions. So before exchanging your money alway ask how much you really get for your currency. It is worth it ... Don't change your money on the street, as these people usually cheat you with other foreign currencies (e.g. Bulgarian money).

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    Money Exchange: money exchanges on the street
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  • By barbipez on October 3, 2003
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  • if someone offers to exchange money with you ON THE STREET, don't do it. my friend's mother didn't listen to her and she thought the guy must be ok, and got hungarian or belgium money or something odd like that. go to a proper place like a bank, or exchange place - they're all over town, or even just use the bank-o-mats/ATMs. much much safer.

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    Money Exchange: Changing Money - watch out for counterfeits
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  • By easyoar on June 8, 2006
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  • Changing Money - watch out for counterfeits - Prague
    Changing Money - watch
    out for counterfeits
    by easyoar
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    This is probably a standard warning that you would be careful of anywhere in the world (although I have to admit I have dabbled myself in the past). The poster is warning you not to change money with people on the street. The risk being that you can be passed counterfeit currency that isn’t worth anything. This poster was displayed in the middle of the Old Town Square. There was a big Police van parked there, and this poster was proper up against the side of the van. To be quite honest, I can’t see the attraction of changing money on the street in a place like Prague, there are plenty of cash machines, and the Czech currency is a hard currency, so you don’t get the higher exchange rates that you could get in the past in the Eastern European countries where people were after hard currency to avoid the rapid depreciation of their own local currency.

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    Money Exchange: 0% commission - my arse!
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  • Updated By sourbugger on March 26, 2004
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  • Lovely filthy lucre - all mine - Prague
    Lovely filthy lucre - all mine
    by sourbugger
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    You would have to be pretty green not to know this one already - but people still fall for it. What they say is true - but they give you an awful rate. Also look out for the'free' map they may give to you - it will be charged to you. Use a real bank or the ATM. Don't even think about using someone on the street.

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    Money Exchange: Exchanging money on the street
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  • Updated By OlafS on August 31, 2004
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  • Many people on VT will tell you this and I will tell you once again: don't exchange money on the street. People are constantly looking for tourists to fool. Once they notice you're a tourist they'll approach you. Don't fall for it, they give you worthless old bits of paper in return for your precious money. One even asked me if I wanted to exchange dollars. Why would I want dollars?

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    Money Exchange: Street money exchange
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  • Updated By stressball on February 22, 2005
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  • If I were you I would not exchange any money with the many people walking around trying to offer you amazing exchange rates. I don't think there is any way that the money they give you can be real. They tried to offer me as much as 50% more than a exchange store would. I would go to an exchange shop. The shops are all over Prague, and they offer very fair rates.

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