
Currency Exchange & Payment Methods in Peru
Plan your spending in Peru with our comprehensive guide to currency exchange, banknotes, ATMs and payment methods. Learn where to get the best rates and how to avoid fees and counterfeit bills.
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When traveling through Peru, especially to iconic destinations like Machu Picchu and Cusco, it’s essential to plan your finances wisely. One common concern for travelers is the availability of ATMs in remote areas of the country. While major cities such as Cusco and Lima offer numerous ATMs, the situation changes dramatically as you venture into more rural or remote regions.
In Aguas Calientes, the town at the base of Machu Picchu, you will find a few ATMs, but they often have withdrawal limits and may charge high fees. It is advisable to withdraw enough cash while you are still in Cusco, where ATMs are more plentiful and fees are generally lower.
As you explore the Sacred Valley, towns like Ollantaytambo and Pisac do have ATMs, but they can be less reliable, especially during peak tourist seasons. Always check the functionality of the ATMs before relying on them for cash.
Moreover, it’s essential to inform your bank about your travel plans to avoid any issues with card usage abroad. Keep in mind that many small vendors and local markets in remote areas may only accept cash, so carrying some soles, the local currency, is crucial.
Also, consider using credit cards that do not charge foreign transaction fees, as they can be a safe alternative for larger purchases. However, be cautious and keep your cards secure, as theft can occur in crowded areas.
When hiking the Inca Trail or exploring lesser-known ruins, cash is often the only acceptable form of payment, so it’s wise to have sufficient funds on hand.
Lastly, while ATMs are available, they are not always reliable, and technical difficulties can occur. Having a backup plan such as carrying extra cash or utilizing travel money cards can provide peace of mind during your adventures. Always prioritize safety and be aware of your surroundings when withdrawing cash in any location.
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