The official currency of the Czech Republic is the Czech crown (koruna), abbreviated as Kč, with the international abbreviation CZK.
1 crown consists of 100 hellers (haléř), abbreviated as hal. Heller coins have been defunct since September 1, 2008, however hellers are still incorporated into merchandise prices. The final price is always rounded off to the nearest crown value.
Coins: 1 Kč, 2 Kč, 5 Kč, 10 Kč, 20 Kč, 50 Kč View Czech coins
Banknotes: 100 Kč, 200 Kč, 500 Kč, 1,000 Kč, 2,000 Kč, 5,000 Kč View Czech banknotes
Being the official currency, the Czech crown is the best and often the only possible currency to use when paying. Although the Czech Republic is part of the European Union, the euro is not widely accepted here yet. Some shops, restaurants and hotels accept payments in euros but the exchange rate may not be very good.
The Czech crown’s exchange rate is roughly as follows:
USD 1 = CZK 21
EUR 1 = CZK 25.5
Check the official rates at: Czech National Bank
Money Tips for Travelers
• Always change your money in a bank or withdraw cash from ATM machines, which are plentiful in Prague and every larger town. The ATM machines are a very convenient way to get Czech crowns.
• 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.
• Never agree to changing money on the street. The purpose of this practice is not to exchange money, but to steal it from you.
• Don’t carry large amounts of cash with you. Carry a credit card and withdraw money from a cash machine as you go. You can also use your card to make payments. Major credit cards are accepted in most locations.
• Always try to pay in Czech crowns. Even though euros are accepted at businesses such as Tesco supermarket and some restaurants, the exchange rate is not always favourable. You will receive change in Czech crowns.
• We strongly recommend you not to exchange your money at the airport because of an inconvenient rate (we also would not recommend you to do it on the street – some people might try to sell you Hungarian forints instead of Czech Crowns).
Major credit cards are widely accepted throughout the Czech Republic. Credit cards are also accepted in Nové Hrady and there is an ATM machine as well, so you will be able to withdraw cash there.
Approximate prices in Nové Hrady (in CZK):
Meal at the restaurant … 100-150,–CZK
Sandwich from supermarket … 35-45,–CZK
Coffee at the café …. 30-60,–CZK
Beer 0.5l in the pub … 30,–CZK
Chocolate … 30-80,– CZK
Ice-cream … 15-20,–CZK