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    Currency in Czech Republic

    A practical currency and money guide to travel, living and doing business in Czech Republic and the Czech Republic horuna (CZK).

     

    What currency is used in Czech Republic?

    The official currency of Czech Republic (country code: CZ) is the Czech Republic horuna, with symbol and currency code CZK.

    An example Czech Republic horuna banknote

     

    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:

    1. 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.

    2. 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.

    3. Visiting Cesky Krumlov: A UNESCO World Heritage Site, this medieval town is known for its well-preserved architecture and picturesque streets.

    4. Seeing the Gothic St. Vitus Cathedral in Prague Castle complex

    5. 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.

    6. Hiking and rock climbing in the Bohemian Switzerland National Park

    7. Beer tasting in Pilsen, where the famous Pilsner beer was first brewed in 1842

    8. Visiting the Old Jewish Cemetery in Prague, it's the oldest surviving Jewish cemetery in Europe.

    9. Visiting the Terezín Memorial, it's a former WWII concentration camp and serves as a reminder of the atrocities committed during the war.

    10. 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.

     

     

    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:

    1. 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.

    2. 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.

    3. 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.

    4. 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.

    5. 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.

     

    USD/CZK – Market Data

    The exchange rate of Czech Republic horuna (CZK), or the amount of CZK that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest USD/CZK rate plus recent trend, chart, and historic rates.

    1 USD = 21.84 CZK
    Sell USD  →  Buy CZK
    USD to CZK at 21.84 is 4.8% below its 90-day average 22.94 with range 21.77-25.09.
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    USDCZK :
    1-DAY+0.8%1d
     

    DateUSD/CZKChangePeriod
    17 Jan 2023
    22.20
    1.4% 2 Week
    02 Nov 2022
    24.99
    12.4% 3 Month
    31 Jan 2022
    21.67
    1% 1 Year
    01 Feb 2018
    20.15
    8.6% 5 Year
    02 Feb 2013
    18.83
    16.2% 10 Year
    05 Feb 2003
    29.12
    24.9% 20 Year
    USD/CZK historic rates & change to 31-Jan-2023

     

    Compare Czech Republic horuna Exchange Rates & Fees

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Czech Republic or planning a trip or maybe living there, so will need to exchange and spend Czech Republic horuna.

    Loading comparison rates...

    ProviderAmountsRateTotal Cost
       
       
       
       
     

    It is important to note that the exchange rate of the Czech Republic horuna can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect CZK exchange rates before making any financial decisions.

     

     

     

     

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