How Much Cash to Bring to Peru: A Traveler’s Guide
Peru, with its stunning landscapes, ancient ruins, and vibrant culture, has become a popular destination for travelers from all around the world. As you plan your trip to this enchanting South American country, one important question that arises is how much cash to bring to Peru. While credit cards are widely accepted in major cities and tourist areas, having some cash on hand is always beneficial, especially if you plan to explore remote regions or experience local markets and street food stalls. In this article, we will provide you with a comprehensive guide on how much cash you should bring to Peru and answer some frequently asked questions for a hassle-free trip.
1. What is the local currency in Peru?
The official currency of Peru is the Peruvian Sol (PEN). It is advisable to carry local currency for day-to-day expenses as many smaller establishments may not accept foreign currencies or credit cards.
2. How much cash should I bring for a trip to Peru?
The amount of cash you should bring to Peru depends on various factors such as the duration of your trip, planned activities, and personal spending habits. As a general guideline, it is recommended to bring around $100-$200 in cash per person per week. However, it is always better to overestimate your cash needs to avoid any unforeseen circumstances.
3. Can I withdraw cash from ATMs in Peru?
Yes, ATMs are widely available in major cities and towns throughout Peru. It is recommended to use ATMs located inside reputable banks or supermarkets to ensure security. However, keep in mind that some remote areas may have limited access to ATMs, so it’s always better to have some cash on hand before venturing into such regions.
4. Should I exchange currency before arriving in Peru?
Exchanging a small amount of currency before arriving in Peru can be beneficial for immediate expenses such as transportation from the airport. However, it is generally more cost-effective to exchange your money in Peru, as exchange rates at local banks or authorized exchange offices are usually better than those offered back home.
5. Are credit cards widely accepted in Peru?
Credit cards, especially Visa and Mastercard, are widely accepted in larger establishments, hotels, and restaurants in major cities like Lima and Cusco. However, it is advisable to carry cash for smaller establishments, markets, and street vendors as they may not accept cards or charge an additional fee for card transactions.
6. Are there any ATM withdrawal fees in Peru?
Yes, most ATMs in Peru charge a small withdrawal fee. It is advisable to check with your bank regarding any international transaction fees or currency conversion charges that may apply to your card.
7. Is it safe to carry cash in Peru?
Peru, like any other country, has its share of petty theft and pickpocketing. It is important to exercise caution and use common sense when carrying cash. Avoid displaying large amounts of money in crowded places and consider using a money belt or hidden pouch to keep your cash safe. It is also advisable to inform your bank about your travel plans to avoid any issues with card transactions.
In conclusion, while credit cards are generally accepted in major cities, having some cash on hand is essential for a hassle-free trip to Peru. The amount of cash to bring depends on your travel plans and personal spending habits. It is advisable to carry a mix of small and larger denomination bills to accommodate different situations. Additionally, using ATMs for cash withdrawals and exchanging currency at local banks or authorized exchange offices will ensure you get the best value for your money. By keeping these factors in mind and following some basic safety precautions, you can enjoy your trip to Peru without any financial worries.