When traveling to Peru, one of the first questions many visitors have is, where can I exchange my currency for soles? The Peruvian currency is the sol (PEN), and you will need it for everyday transactions, especially when visiting iconic locations like Machu Picchu and Cusco.
The best places to exchange your currency are banks, dedicated exchange offices, and ATMs found throughout major cities and tourist areas. While airports offer currency exchange services, they usually have lower rates and higher fees, so it's advisable to avoid exchanging large amounts there.
In Cusco, many tourists head to the Plaza de Armas, where you can find several exchange offices. These casas de cambio often provide better rates than the airport, but it's wise to compare rates at different locations. Always check for a valid ID when exchanging money, as some places may ask for it.
ATMs are widely available and can be a convenient option, as they usually provide a competitive exchange rate. However, be mindful of transaction fees charged by your bank and the local ATM provider. It's advisable to use ATMs that are located inside banks or well-lit areas for safety.
When traveling to Machu Picchu, keep in mind that cash is king. While some establishments may accept credit cards, many local vendors and services, especially in more remote areas, only take cash. Therefore, it's a good idea to have some soles on hand before heading to the ruins.
Lastly, always be cautious when carrying cash. Keep small amounts in your wallet and larger amounts secured in a money belt or hotel safe. This will ensure that you can enjoy your adventures without the stress of currency concerns.
