Travel Money in Peru and Machu Picchu is an essential consideration for anyone planning a trip to this stunning South American country. The official currency of Peru is the Peruvian Sol (PEN), which is subdivided into 100 céntimos. When traveling to Machu Picchu, it’s crucial to manage your finances wisely, as the remote location offers limited access to ATMs and currency exchange services.
Before embarking on your journey, it's advisable to exchange some cash at your local bank or exchange bureau. While major cities like Cusco and Arequipa have many exchange options, rural areas may not be as accommodating. Always ensure you carry some cash, as many local vendors and markets do not accept credit cards.
In addition to cash, credit and debit cards are widely accepted in hotels, restaurants, and larger stores in tourist areas. However, be aware of potential foreign transaction fees imposed by your bank. To avoid unexpected charges, notify your bank of your travel plans to ensure seamless transactions.
When withdrawing money from ATMs, opt for machines located in secure environments, like banks or well-lit areas. Note that some ATMs may dispense cash in US dollars, so double-check the currency before completing your transaction.
Keep in mind that tipping is customary in Peru. It's common to leave a small tip for service staff, especially in restaurants and hotels. A tip of 10% is generally appreciated, but feel free to adjust based on the service quality.
One of the best ways to manage your travel budget is by utilizing local markets for meals and souvenirs. This not only helps you save money but also allows you to experience authentic Peruvian culture. Street food is a delicious and affordable option, but always choose vendors with good hygiene practices.
Lastly, consider using a travel money card or a prepaid debit card for your expenses. This can be a safer alternative to carrying large amounts of cash and provides an easy way to manage your budget while traveling.
