The official currency of Peru is the Peruvian Sol (PEN), which is subdivided into 100 céntimos. When traveling to Peru, especially to popular destinations like Machu Picchu and Cusco, it's essential to be aware of the local currency to make your experience smoother. Cash is widely accepted, but credit cards are also used in many establishments. However, it's wise to carry cash for small purchases, especially in rural areas or small shops.
ATMs are readily available in major cities such as Cusco and Arequipa, and they usually dispense Soles. Be cautious when using ATMs; opt for machines located within banks or reputable shops for added security. For your convenience, it's advisable to notify your bank of your travel plans to avoid any issues with card usage.
Exchange rates can fluctuate, so consider exchanging a small amount of money at the airport or your hotel upon arrival. Local markets and vendors may not accept foreign currency, so it's crucial to have Soles on hand. When shopping in tourist areas, you might find vendors willing to accept U.S. dollars, but expect less favorable exchange rates.
Keep an eye out for counterfeit bills, particularly in higher denominations. Familiarize yourself with the look and feel of genuine Sol notes to avoid any mishaps. Tipping is customary in Peru, and rounding up the bill or leaving a small percentage (10%) in restaurants is appreciated.
While traveling to Machu Picchu, remember that food and souvenirs within the site may be pricier, so plan accordingly. Bring small bills for easier transactions, such as buying snacks or drinks at refreshment stands. To maximize your experience, always keep some cash on you when exploring the breathtaking surroundings of the Sacred Valley and the ancient ruins of Machu Picchu.
