Currency exchange

I strongly discourage tourists from changing money in currency exchanges located in prominent places because the rates they display in large fonts usually differ significantly from those actually used for the transaction.

An even worse idea is to change money on the street with illegal traders, who are more than likely to give you false or old money. Fortunately, these people have almost disappeared from Prague.

Changing money in a bank is a safe bet, but the rates are not spectacular and they usually charge a commission. Taking Czech crowns out of an ATM (bankomat) using a foreign card may be a good idea, but only if your home bank doesn't charge you too much for this.

There are also a few exchanges that offer good rates even for tourists. Take care, however, not to look at VIP or over 100 000 crown rates, if you are not changing that much money. These are:

Alfa Prague
Na Prikope 23 (Ovocny trh 120), Prague 1
On Na Prikopech Street, in a passage next to the Myslbek shopping mall
Exchange
Kaprova 13, Prague 1
Near Staromestske namesti and the Staromestska metro station