Currency Exchange in Czech Republic

When exchanging currencies in Czech Republic, it is strictly advised to do it only in legally provided centres, such as banks. However, be cautious when changing currencies in a money exchange office, as a lot of them target tourists and one might get a bad rate or pay high commissions without knowing it. It is best to use the local currency, Czech Koruna, when paying in establishments because even though Czech Republic is part of the European Union, Euro is not widely accepted in the country. Foreign nationals may also use major credit cards as a mode of payment as this is accepted in most parts of Czech Republic.

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Currency Index offers excellent service and attractive exchange rates relative to the rates of high street banks and exchangers. The company's team is composed only of experts who have the necessary knowledge and skills to guide its growing clientele in the Czech Republic and overseas.
Margin
0.60%
Margin description
0.25% - 0.60% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£7 or £12 - No fee for transfers above £30,000
Min
No minimum
Currencies
Wide range of major and exotic currencies
Options
Bank to Bank Transfers, Spot, Forward contract, Limit or Stop Loss Order
Moneycorp is a global, multi-awarded foreign exchange company in the Czech Republic, with more than three decades of experience in the industry. Its expertise in the market lets individual and business customers cut back on their costs when making international payments, exchanging foreign currencies and providing for their travel money needs.
Margin
0.6%
Margin description
0.25% - 1% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£0
Min
£1,000 or £250 Regular Payments
Currencies
76 Currencies
Options
Bank to bank - one off or regular payments