Introduction
Peru is a beautiful country known for its rich history, cultural heritage, and diverse landscapes. If you’re planning a trip to Peru in 2023, it’s important to know about the currency used in the country so that you can budget your expenses accordingly. In this article, we will discuss everything you need to know about currency in Peru, including tips, ways, and reviews.
Peruvian Currency
The official currency of Peru is the Peruvian Sol, which is abbreviated as PEN. The Sol comes in denominations of 10, 20, 50, 100, and 200 soles, as well as coins in denominations of 1, 2, and 5 soles. It’s important to note that U.S. dollars are also widely accepted in Peru, especially in tourist areas.
If you’re planning to exchange your currency, it’s recommended to do it at official exchange houses or banks to avoid scams. You can also withdraw cash from ATMs, which are widely available in most cities.
Exchange Rates
The exchange rate of the Peruvian Sol varies depending on the market. As of 2023, the exchange rate is approximately 1 USD to 3.5 PEN. It’s recommended to check the latest exchange rates before your trip to Peru to get the most accurate information.
Using Credit Cards and Debit Cards
Credit cards and debit cards are widely accepted in most places in Peru, especially in major cities and tourist areas. However, it’s recommended to carry cash for smaller purchases and in areas where card payments are not accepted.
It’s also important to inform your bank about your travel plans to avoid your card being blocked due to suspicious activity. Some banks may also charge a foreign transaction fee for using your card abroad, so it’s recommended to check with your bank before your trip.
ATMs in Peru
ATMs are widely available in Peru, especially in major cities and tourist areas. However, it’s recommended to use ATMs located inside banks or shopping malls to avoid scams. Some ATMs may also have withdrawal limits, so it’s recommended to check with your bank before your trip.
Traveler’s Checks
Traveler’s checks are not widely accepted in Peru, and it’s recommended to carry cash or use credit/debit cards instead. If you do plan to use traveler’s checks, it’s recommended to exchange them at official exchange houses or banks to avoid scams.
Tipping in Peru
Tipping is not mandatory in Peru, but it’s appreciated for good service. In restaurants, it’s common to leave a 10% tip if the service charge is not included in the bill. For other services such as taxis and tour guides, it’s up to your discretion.
Conclusion
Knowing about currency in Peru is important for budgeting your expenses during your trip. By following these tips and ways, you can ensure a hassle-free trip to Peru in 2023. We hope this article has been helpful in planning your trip to this beautiful country.
