
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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Traveling in Peru, especially to iconic sites like Machu Picchu and Cusco, is a thrilling experience. However, keeping your cash secure is crucial to ensure that your adventure remains enjoyable. First, always carry a mix of cash and cards. While credit cards are widely accepted in urban areas, smaller towns and markets may only take cash. Consider using Peruvian soles for local transactions, as it helps avoid unfavorable exchange rates.
When handling cash, divide it into separate locations. Store some in a secure money belt or hidden pouch under your clothing, and keep a small amount in your wallet for easy access. Moreover, be cautious in crowded areas, such as markets or bus stations, where pickpockets may be active.
It's advisable to use ATMs during the day and in well-lit, busy areas. Always be aware of your surroundings when withdrawing cash. Additionally, consider using a travel-specific debit card that offers low or no foreign transaction fees.
In the Sacred Valley, where markets are common, don’t flash large amounts of cash. Instead, use small bills and coins to negotiate prices. If you find yourself in a situation where you need to withdraw more cash, look for banks rather than standalone ATMs, as they tend to be more secure.
Another precaution is to notify your bank before traveling. This way, you can avoid any issues with your cards being blocked due to overseas transactions. Finally, make photocopies of your important documents, including your passport and credit cards, in case they get lost or stolen.
By following these tips, you can keep your funds secure and focus on enjoying the breathtaking landscapes and rich culture that Peru has to offer.
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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