Before you start exploring Peru’s ancient ruins, colorful cities, and stunning landscapes, it’s important to understand one essential aspect of your trip — money.
This blog covers everything about the Peruvian sol, how to exchange currency, and using credit cards safely during your visit.
What Is the Currency in Peru?
Peru’s official currency is the Peruvian Sol (PEN), symbolized as “S/”.
It replaced the old “nuevo sol” and is now simply called sol — meaning “sun” in Spanish.
As of 2025, the average exchange rate is S/ 3.50 per USD.
Paper bills come in denominations of 10, 20, 50, 100, and 200 soles, while coins range from 10, 20 and 50 céntimos to 1, 2, and 5 soles.
Tip: Always carry small bills, especially when shopping in markets or taking taxis — change for large notes can be hard to find.
Where to Exchange Money in Peru?
You can exchange US dollars or euros at:
- Banks – Reliable but with long lines and lower rates.
- Exchange Houses (Casas de Cambio) – The best option for good rates and safe service.
- Hotels – Convenient but usually offer the least favorable exchange.
- Street Changers – Common in cities like Lima or Cusco, but use caution due to counterfeit risks.
Recommendation: Use official exchange offices and always count your money before leaving the counter.
Using Credit Cards in Peru
Credit and debit cards are widely accepted in large cities like Lima, Cusco, and Arequipa, especially in hotels, restaurants, and tour agencies.
Visa is the most accepted, followed by MasterCard and American Express.
However, smaller towns and markets often only accept cash.
It’s a good idea to keep at least S/ 200–300 in cash for local purchases, taxis, or emergencies.
ATMs and Withdrawing Cash
ATMs are easy to find in all major cities, airports, and tourist destinations.
Most ATMs allow withdrawals in soles or US dollars.
You can withdraw up to S/ 700–800 per transaction, depending on the bank.
Tip: Use ATMs located inside banks or malls for extra safety, and avoid withdrawing at night.
Haggling and Shopping Tips
Haggling is common in markets and with street vendors.
Prices are often higher for tourists, so don’t hesitate to negotiate politely.
However, be fair — artisans depend on their crafts for a living.
Tipping Culture in Peru
- Restaurants: 10% is customary unless already included.
- Tour guides: S/ 30–50 per day for multi-day tours; S/ 5–10 for short tours.
- Taxis: Not required, but rounding up is appreciated.
Final Travel Tips
- Keep some small USD bills for emergencies or remote exchanges.
- Avoid torn or damaged notes — many shops won’t accept them.
- Always check the exchange rate before traveling.
Peru is a welcoming and affordable destination — understanding its currency system helps you enjoy every part of your journey with confidence.
