The Czech Republic was one of the countries poised to join the Eurozone, but they have put their plans on hold following the sovereign debt crisis. The common advice when changing money in the Czech Republic is to watch out for what you are being offered. It is common to offer one exchange rate and 0% commission to entice people in but then add large ‘handling fees’. If you are using local foreign exchange offices check before completing the transaction that you are happy with the exchange rate offered and the commission charges.

The average order value we see is for over £600 (Kč17,078.04, as of Thursday 27th of July 2017) based upon data from 1st of July to 30th of September 2016, worth of Czech Koruna with them when visting the Czech Republic. This is down by £400 compared to £1,000 (33,000 CZK compared to 2013). You should probably budget about £70-£80 per day. Rates and commission charges can vary substantially between offices. According to the Foreign and Commonwealth Office (FCO) you should avoid cash vendors on the street as this money is often counterfeit.

In many places in the Czech Republic it is common to tip by rounding bills up to the next 10 CZK which is useful as it reduces the amount of coins that you bring home. If you do return with any left-over cash, check out our currency buy back section to find a buyer.

British passport holders can visit the Czech Republic for up to three months without a visa. If you plan to stay for longer than this or would like to apply for a work permit, visit the Czech Republic Embassy for more information.