Getting around Prague you will need to change money. Beware! There are rogues out there some under apparently respectable covers such as 'Western Union'. Always do your business in a bank or in your hotel.

If approached by a local in the street offering to exchange money - DO NOT. It is illegal to do this and whilst they might offer you a better rate, there is every likelihood they would give you notes that are no longer legal tender. It is unlikely you will be approached but if you are seen near a money exchange office, you may be approached. This does not happen very often.

When you do wish to obtain Czech Crowns, be sure you ask what the rate is first and how many crowns you will get for the amount you wish to exchange. Its a good idea to have this written down first before handing over cash then there can be no dubiety over misinterpreting what's said.

There are numerous ATMs or "Bankomat"s where you can withdraw money using a debit card if your bank account allows this. The rate may be slightly lower than over the counter but its a safe way of obtaining cash if you've run out of your native currency.

Travelers report that Forex Money Exchange charges a 20% commission fee other locations don't.

Be careful at the exchange offices and booths that are abundant in the center. Some of them have very visible, illuminated signs showing fair exchange rates. When you notice you got far too little (up to nearly 50%) Czech Crowns it is already too late.

You did not pay attention to the note that the fair rates only apply for VIP customers. For other customers there is another currency table probably behind your back showing the lower rates. No way they would cancel or correct the transaction. The Police won't help you, the Prague Tourist Office say they're sorry and the Czech National Bank has printed a standard form for suckers like you. At the bottom it says that they do not intervene in this fraudulent business, as everything is done legally.