When traveling to Peru, especially if you're planning to visit iconic sites like Machu Picchu, it's essential to know where to exchange your currency for soles, the local currency. You have several options available to you for currency exchange, ensuring you have the necessary funds to enjoy your journey.
One of the easiest places to exchange currency is at international airports, such as Jorge Chávez International Airport in Lima. Here, you will find currency exchange counters and ATMs that dispense soles. However, be aware that airport exchange rates may not be the best available.
Once you arrive in Cusco, you will find numerous exchange houses, known as casas de cambio, throughout the city. These exchange houses typically offer better rates than banks or hotels. Make sure to compare rates at a few different locations before making a transaction.
Another popular option is to use ATMs, which are widely available in urban areas. Most ATMs allow you to withdraw soles directly from your foreign bank account. Be cautious, though, as some ATMs may charge high fees, so check with your bank about international withdrawal charges.
If you're already in the Sacred Valley, towns like Ollantaytambo and Urubamba also have currency exchange services. While these towns are smaller, they often have competitive rates.
It's advisable to carry a small amount of cash for local markets and smaller vendors that may not accept cards. In remote areas, such as around Machu Picchu, cash is king, so always keep some soles on hand.
Be cautious while exchanging money on the street, as this can lead to scams or unfavorable rates. Always use recognized and reputable exchange services.
Lastly, remember that the exchange rate can fluctuate, so keep an eye on current rates before you exchange and consider using a currency conversion app for real-time updates.
