As 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. Some stores, restaurants and hotels accept payments in euros but the exchange rate may not be very favorable.
Here are a few local Prague purchases to give you an idea of local item prices in Prague:
|THE PRICE OF:||PRICE CZK||$USD|
|Classic Czech meal at restaurant- meat, sauce, dumplings||140||6.1|
|Large sausage, bun and mustard at Wenceslas Square||40||1.7|
|500 ml of beer draft (pint)||35||1.5|
|750ml bottle of wine good enough to bring to party||160||7.0|
There are nine EU countries that do not use the euro as their currency; the countries are Bulgaria, Croatia, Czech Republic , Denmark, Hungary, Poland, Romania, Sweden, and the United Kingdom.
Convert US Dollar to Czech Koruna
|1 USD||21.4140 CZK|
|5 USD||107.070 CZK|
|10 USD||214.140 CZK|
|25 USD||535.351 CZK|
An average tourist will spend around 2500 CZK (100 EUR) per person per day . The lowest daily budget can be as low as 900 CZK if you stay at hostels, eat takeaways and use public transport. If you stay in private accommodation, eat at average restaurants but control your budget you can get by on 2500 CZK a day .
Prague can be a very cheap city to visit but it can also be very expensive . It depends where you pull out your wallet. Because there are so many tourists and almost all of them visit the same few sites, it is just good business sense for a shop or restaurant owner to raise their prices and collect as much as they can.
Rent in Czech Republic is, on average, 52.19% lower than in United States. Cost of Living in Czech Republic .
|Domestic Beer (1 pint draught)||35.00Kč|
|Imported Beer (12 oz small bottle)||40.00Kč|
|Coke /Pepsi (12 oz small bottle)||31.35Kč|
Though the cheapest overall, Prague was, however, deemed the most expensive city in Europe to buy a bottle of Champagne, with the average bottle reportedly costing £55.
Top 10 Things to Avoid in Prague Sightseeing. Wasting Time Waiting for the Cuckoo. Charles Bridge in the Middle of the Day. Getting around. Getting Pickpocketed on the 22 Tram. Getting Ripped off by Taxis. Shopping and money. Tacky Souvenir Shops. Rip-off Exchange Offices. U Fleku’s Pushy Waiters. Wenceslas Square Sausages. Restaurants on Old Town Square.
The Czech Republic (official short name: Czechia) is a party to the Schengen Agreement. This means that U.S. citizens may enter the Czech Republic for up to 90 days for tourist or business purposes without a visa . You will need a visa for longer stays or to work for any period of time in the Czech Republic .
The currency in Prague is the Czech Crown (CZK). Some hotels, shops and restaurants accept Euros as well, but many only take Czech Crowns. Czech Crown (CZK) currency converter. At current exchange rates 1000 CZK = £34/€38/$48.
The Czech Republic meets two of five conditions for joining the euro as of June 2020; their inflation rate, not being a member of the European exchange rate mechanism and the incompatibility of its domestic legislation are the conditions not met.
The rate of violent crime is low and most areas of Prague are safe to walk around even after dark. Be careful on Wenceslas Square. It is usually packed with tourists and the crowds make things easy for pickpockets. There have also been cases of trusting “love-seekers” being robbed of all their money at night .
Tap water is safe to drink in Prague ! You can drink water from taps in Prague without worrying about the effect on your health. In parks and streets, you ‘ll see drinking fountains with clean water ; don’t be scared to fill bottles with it.
How much money will you need for your trip to Prague ? You should plan to spend around Kč2,040 ($95) per day on your vacation in Prague , which is the average daily price based on the expenses of other visitors.