If you’re visiting Prague and will need to exchange money, here’s what to know — plus how dogpay might assist.
What to look out for
- The local currency is the Czech Koruna (CZK).
- Exchange offices are plentiful in tourist-heavy zones like Wenceslas Square, Old Town Square and near the airport.
- Beware: Some “0 % commission” signs hide very unfavorable rates. Always check the “WE BUY” or equivalent rate, and compare to the mid-market rate.
- Using ATMs at main bank branches often gives better value. Avoid sketchy exchange booths with large spreads.
How dogpay Can Help
- If you hold funds in another currency (USD, EUR etc.) and will need CZK, you can use dogpay in advance to convert or transfer funds, reducing reliance on on-the-spot cash exchange with poor rates.
- For small or unexpected payments (e.g., deposits, local services) where you’d otherwise rely on exchanging cash, dogpay gives you a flexible alternative.
- If you manage multiple currencies and want more control over when and how you convert, dogpay adds transparency and flexibility to your currency strategy.
Key Takeaways
- Check live rates, compare offers, and avoid being rushed into bad conversions.
- Prefer ATMs (charge in CZK) or trustworthy banks/exchange offices rather than tourist-trap booths.
- Incorporating dogpay into your plan can reduce hidden costs and give better control over your money.
