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Money Exchange, Prague
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Money Exchange, Prague

The Famous Prague Currency Rip-off artist - Prague
The Famous Prague Currency Rip-off artist
by LouisQuartorze
Money Exchange tips posted by real travelers and Prague locals.
• 23 Photos
• 64 Reviews

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Money Exchange: Money Exchange
  • Tip Rating:
  • MikeyUK
  • By MikeyUK on August 17, 2003
  • Prague Page by MikeyUK
  • If you are approached on the street by someone offering good rates for your dollars/euros etc - just walk away. Also, be careful when using the ATM machines, make sure nobody is looking over your shoulder

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    Money Exchange: Exchange Bureaus
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  • ratherton
  • By ratherton on November 26, 2002
  • Prague Page by ratherton
  • The commission these places charge is absolutely disgraceful. I never tried to change travellers cheques or draw money at an ATM but it can't be as expensive as using one of the exchange bureaus. Only use them as a last resort.

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    Money Exchange: Change your money only at...
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  • RitchiS1
  • By RitchiS1 on September 13, 2002
  • Prague Page by RitchiS1
  • Money Exchange - Prague
    by RitchiS1
    Change your money only at banks , the course is better .

    Don´t change money on the street !!!

    Take care of your valuables !!!

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    Money Exchange: Saving on Money Exchange
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  • aliante1981
  • Updated By aliante1981 on February 21, 2005
  • Prague Page by aliante1981
  • Aerial View of Prague - Prague
    Aerial View of Prague
    by aliante1981
    When you are exchanging money, do not do it in touristic places and in the centre of the city - you'll get less favorable exchange rate. And check out what the commission are, even if nothing is written - sometimes they still take it.

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    Money Exchange: if you do change your money at...
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  • JonsMum
  • By JonsMum on August 25, 2002
  • Prague Page by JonsMum
  • if you do change your money at the licensed dealers PLEASE PLEASE be sure to read the fine print ....all the dealers advertise signs that say 0% commission!!! this is a load of bull......there is also fine print at the bottom saying only for selling purposes....that means when u exchange they can take a commission rate up to 10% which is a downright rip off....please be very careful ...ASK how much commision is charged before you hand over the money (even if the sign says 0%) because they will not return the money to you once the exchange has been made.

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    Money Exchange: Do not entertain offers to...
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  • kenbac
  • By kenbac on August 25, 2002
  • Prague Page by kenbac
  • Do not entertain offers to change money on the street. I understand at best you will do badly and more probably you will get obsolete notes.

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    Money Exchange: Use ATMs to get money
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  • sjvessey
  • Updated By sjvessey on June 13, 2004
  • Prague Page by sjvessey
  • Use ATMs to get money, don't change cash at Bureaux in the city, because you will get totally ripped off. Almost everywhere claims to be 0 percent commission, but read the small print and you'll see this is for exchanging local currency for pounds or dollars, not the other way round. I got charged a whacking great 10 percent when I bought Czech Crowns.

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    Money Exchange: If you need to change money,...
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  • By mosheeps on August 25, 2002
  • Prague Page by mosheeps
  • If you need to change money, don't do it at the airport or at your hotel - they give you the worst rate ever. Always compare the rates between the different change booths. Don't be tempted by the signs saying '0%' or 'No commission' - always ask how much you'll get for US$100 (for example). One very reliable change booth, which gives you a fair rate, is located near the Old Town's square: when you are there facing the astrological clock, you'll see to your right, accross the square, to streets; the booth is located in the rightmost one, on it's left side, just around the corner.

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    Money Exchange: Change money on the street:...
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  • billus
  • By billus on August 24, 2002
  • Prague Page by billus
  • Money Exchange - Prague
    by billus
    Change money on the street: You may realize a better rate than that available in a Forex Office! My friend Rick tfaded US dollars for korona, and got 1000's of old Polish Zlotys in return. Although almost totally worthless it makes a great story

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    Money Exchange: Overcharging and Crowds
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  • DrewV
  • Updated By DrewV on July 15, 2003
  • Prague Page by DrewV
  • Crowds aplenty in Stare Mesto - Prague
    Crowds aplenty in Stare Mesto
    by DrewV
    I could give the traditional warnings: be careful around the train station at night, beware of pickpockets in crowded areas, and be prepared to be overcharged for everything if you don't speak Czech. Prices are written in long form in Czech and in numberic form for the tourists. Tourists who cannot decipher Czech will pay around ten times local prices, as I would have had to do at the Jewish cemetary in Josefov, had I not been able to read just enoguh Czech. Since it's still relatively cheap, most tourists neither notice nor care. But you should.

    The worst dangers however are the crowds of tourists that swarm all over Stare Mesto. Look at this picture and tell me that this crowd wouldn't scare the beejeezus out of you!

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