Traveling to Peru, particularly to iconic destinations like Machu Picchu and Cusco, requires thoughtful planning regarding your travel money. The local currency is the Peruvian Sol (PEN), and it is advisable to carry some cash for small purchases, tips, and local markets where cards may not be accepted.
ATMs are widely available in major cities like Cusco and Arequipa, but they may charge fees for withdrawals. When withdrawing cash, consider using ATMs affiliated with banks for better security and lower fees. Always notify your bank about your travel plans to avoid any issues with your cards.
In tourist areas, credit and debit cards are accepted in larger establishments, but having cash on hand is essential for local transport, food stalls, and entrance fees to attractions. For instance, the entrance fee to Machu Picchu must be paid in advance, and it's advisable to purchase your ticket online to secure your spot.
Remember, bargaining is a common practice in local markets, so having small denominations of cash can help you negotiate better prices. Additionally, tipping is appreciated in restaurants and for guides; typically, rounding up the bill or adding 10% is considered generous.
For international travelers, currency exchange services are available at airports and in major cities, but they may offer less favorable rates compared to local banks. It’s wise to compare rates before exchanging significant amounts of money.
Be cautious about carrying large sums of cash and use a money belt or hidden pouch for security. Lastly, consider downloading apps that allow you to track your spending while traveling; this can help you manage your budget effectively throughout your trip.
