The Peruvian sol is the official currency of Peru, playing an essential role in the daily life of locals and visitors alike. As a traveler in Peru, especially when visiting iconic sites like Machu Picchu, understanding the currency can enhance your experience.
The sol is divided into 100 céntimos, and banknotes come in various denominations: 10, 20, 50, 100, and 200 soles. When handling the currency, be aware that cash is preferred in many areas, particularly in markets and small shops. While major tourist sites, including Machu Picchu, accept credit cards, having cash on hand is advisable for small purchases.
When exchanging currency, you can do so at banks, authorized exchange offices, or ATMs. ATMs are widely available in urban areas like Cusco and within the Sacred Valley, but may be limited in more remote areas. Ensure your bank card allows international withdrawals, and notify your bank of your travel plans to avoid any issues.
One important tip is to always check the exchange rate before converting your currency, as rates can vary significantly. Additionally, be cautious of counterfeit bills; familiarize yourself with the features of authentic Peruvian sol banknotes to avoid scams.
When visiting markets or local eateries, bargaining is common, so having smaller denominations can be advantageous. In tourist areas, prices may be fixed, but in less touristy spots, negotiating can lead to better deals.
The sol is also a reflection of Peruvian culture; banknotes feature prominent historical figures and landmarks, offering a glimpse into the rich heritage of the country. For instance, the 50 sol note features the famous Inca leader Túpac Amaru II, while the 100 sol note showcases the City of Cusco.
While visiting Machu Picchu, entry fees are generally paid in soles, so it’s essential to have the correct amount ready. Local guides may also prefer payment in cash, so ensure you have enough on hand.
