Currency (Peru)

The local currency of Peru is the Peruvian sol (S/), which comes in bank notes of 10, 20, 50, 100 or 200 soles. Coins come in values ​​of 1, 2 and 5 soles, as well as 10, 20 and 50 cents.

The Peruvian sol is a relatively stable currency and is widely accepted in Peru. However, it is always a good idea to have some US dollars on hand, as some businesses may not accept soles. You can exchange currency at banks, exchange bureaus, and some hotels. However, you'll usually get the best exchange rate at banks.

ATMs are widely available in Peru, and they are a convenient way to withdraw cash. Most ATMs in Peru accept Visa, Mastercard and Cirrus cards. Some ATMs may also accept American Express and Discover cards. ATM fees vary depending on your bank and the ATM you use. Some banks charge a flat fee for each ATM withdrawal, while others charge a percentage of the amount you withdraw. The exchange rate you get when you withdraw cash from an ATM in Peru may not be the same as the exchange rate you get when you exchange currency at a bank or currency exchange bureau.  ATMs in Peru have daily withdrawal limits. The daily withdrawal limit can vary depending on your bank and the ATM you use.

When using ATMs in Peru, be sure to select the option to withdraw US dollars. It's  a good idea to keep some small denomination US dollar bills (such as $1s and $5s) on hand for small purchases. This will help you avoid getting change in soles, which can be difficult to use in some parts of the country.

Here is a reference table of approximate exchange rates (for up-to-date exchange rates, please check xe.com before you travel):

Correct as of December 2023