See CTU Financial Guide 2019/2020
The currency in the Czech Republic is Czech koruna (crown), its international code is CZK, the abbreviation used in the country is Kč.
The exchange rate to euro usually fluctuates around 25–27 CZK = 1 EUR. See the ECB websites for the current reference exchange rate.
All types of MasterCard and VISA cards are widely accepted. You may encounter problems using a Maestro, American Express, Diners Club International, JCB Card, Mir, Union Pay and other cards. Cash machines can be found almost everywhere, if you need to withdraw money. Just check in advance how much money various banks charge.
To avoid troubles with exchanging money, we recommend opening a banking account in the Czech Republic after your arrival. Banks withing walking distance from the university campus: Komerční banka, ČSOB, Česká spořitelna, Fio banka, UniCreditBank, MONETA Money Bank.
Cost of living in Prague (approximate prices)
If you live in a dormitory, eat in canteens and buy food and drinks in supermarkets, your cost of living might be around 150 000 CZK per academic year (+ tuition 110 000 CZK or 132 000 CZK per year).