Currency in Czech Republic CZK - Things to know
Foreign exchange guide to Czech Republic and the Czech Republic horuna
What's in this Czech Republic currency guide?
What currency is used in Czech Republic?
The official currency of Czech Republic (country code: CZ) is the Czech Republic horuna, with symbol Kč and currency code CZK.
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Travel money for Czech Republic
Save money and time by Ordering your Czech Republic horuna online from Travelex, you get better rates and can pick up the CZK cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Czech Republic horuna otherwise you may get much worst exchange rates.
Travel Ideas and Money Tips for Czech Republic
The Czech Republic is a popular tourist destination in Europe, known for its rich history, culture, and natural beauty. It's also a popular destination for expats due to its relatively low cost of living and good quality of life.
Tourists can explore the country's rich history by visiting its many castles, such as the famous Prague Castle, and Gothic cathedrals, like the St. Vitus Cathedral. The country also has a vibrant cultural scene, with a number of museums, galleries, and theaters.
For those interested in nature, the Czech Republic has many beautiful natural landscapes, including the Bohemian and Moravian forests, as well as the Czech Paradise, which is an area of hills and valleys known for its picturesque towns and castles.
The Czech Republic is also famous for its beer and traditional cuisine, which includes dishes such as goulash, dumplings, and roast pork. Visitors can also experience the country's unique traditional music and dance, and try local dishes such as knedlíky, and many others.
What currency is used in the Czech Republic?
While the Euro is widely accepted the Czech Crown is preferred and you may get Crowns back as change from Euros. While not a huge concern be careful when using money exchange offices. Many of them target tourists, especially in Prague, and you may end up paying a high commission or getting a bad rate without even knowing about it, a Prepaid Travel Card can be useful to not have to worry about this. Never exchange money on the street. In the Czech Republic try to withdraw cash from banks and ATMs, which are everywhere.
Top things to do in the Czech Republic
There are many things to see and do in the Czech Republic, some popular activities include:
Visiting Prague: The capital of the Czech Republic, Prague is a beautiful city known for its historic architecture, including the Charles Bridge and the Old Town Square.
Touring Castle: The Prague Castle is a must-see attraction, it is the largest ancient castle in the world and contains a number of museums and historical buildings.
Visiting Cesky Krumlov: A UNESCO World Heritage Site, this medieval town is known for its well-preserved architecture and picturesque streets.
Seeing the Gothic St. Vitus Cathedral in Prague Castle complex
Relaxing in the spa town of Karlovy Vary: Known for its hot springs and spas, this town is a popular destination for relaxation and rejuvenation.
Hiking and rock climbing in the Bohemian Switzerland National Park
Beer tasting in Pilsen, where the famous Pilsner beer was first brewed in 1842
Visiting the Old Jewish Cemetery in Prague, it's the oldest surviving Jewish cemetery in Europe.
Visiting the Terezín Memorial, it's a former WWII concentration camp and serves as a reminder of the atrocities committed during the war.
Going on a boat trip down the Vltava river in Prague, it's a great way to see the city from a different perspective.
Overall, the Czech Republic is a fascinating and welcoming destination for travelers and expats, offering a rich history, culture, and natural beauty, as well as good quality of life at a relatively low cost.
USD/CZK Market Data
The below interactive chart displays the USD/CZK change and UP📈 DOWN📉 trends over the past 1 Year.
Frequently Asked Questions
What currency should I use in Czech Republic?
The domestic currency in Czech Republic is the Czech Republic horuna.
What is the Czech Republic horuna currency code and symbol?
The three letter currency code for the Czech Republic horuna is CZK — symbol is Kč.
Which countries use the Czech Republic horuna?
It is the domestic currency in Czech Republic.
Is the Czech Republic horuna a closed currency?
No, the Czech Republic horuna is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of USD and CZK?
Here are some popular conversion amounts for USD to CZK (US dollar to Czech Republic horuna)*.
*Converted at the current USDCZK interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Send Money to Czech Republic - Best Rates
To get a good (and fair) exchange rate when sending money to Czech Republic you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Czech Republic
When sending money to Czech Republic it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Czech Republic horuna amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted CZK amount will be transfered to the recipient account you specify in Czech Republic.
Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Czech Republic horuna deposited into the recipient bank account and less margins and fees kept by the banks!
Expat Money & Business Guide to Czech Republic
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Czech Republic.
Being an expat in the Czech Republic
Expats in the Czech Republic enjoy the relatively low cost of living, compared to other Western European countries. The country has a good healthcare system and a well-developed transportation network, making it easy to get around. The official language is Czech, but most people speak English and it is widely understood.
The cost of living in the Czech Republic is generally considered to be lower than in many other Western European countries. The prices of basic goods and services, such as groceries, transportation, and healthcare, are generally lower than in many other European countries, which can make living in the Czech Republic relatively affordable.
When compared to some other European countries, housing can be relatively affordable in the Czech Republic, however, prices can vary depending on location and type of accommodation. Renting a one-bedroom apartment in the city center can cost around 7,000 CZK (about 270 EUR) per month, while the same type of apartment in a suburban area can cost around 4,500 CZK (about 170 EUR) per month.
Utilities such as electricity, gas, water, and internet can also be relatively affordable, with an average monthly cost of around 2,500 CZK (about 95 EUR) for a standard two-bedroom apartment.
Groceries and eating out can also be relatively inexpensive, with a meal at a budget restaurant costing around 150 CZK (about 6 EUR) and a cup of coffee around 40 CZK (about 1.5 EUR).
Overall, the cost of living in the Czech Republic can be quite reasonable when compared to many other Western European countries. However, as with any country, the cost of living can vary depending on an individual's lifestyle and personal spending habits.
Managing your finances in Czech Republic
Here we list some key points for expats and businesses to consider when managing financial dealings in Czech Republic:
Understand Czech Republic horuna currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the CZK exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Czech Republic horuna bank account: A local CZK bank account can make it easier for you to manage your finances and pay bills while you are in Czech Republic. It may also be more convenient to use a local CZK bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Czech Republic. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Czech Republic. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Czech Republic, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.