Types of currency in Peru

1. Official currency: the Peruvian Sol
The country’s main currency is the Peruvian Sol (S/).

Basics:

• It is the only officially accepted currency nationwide
• It is divided into 100 cents
• Common banknotes: 10, 20, 50, 100, and 200 soles
• Coins: from 10 cents up to 5 soles

Tip: Always carry small change for minor purchases, especially in markets or public transport.

2. U.S. dollars: the second most used currency
The U.S. dollar is widely accepted in Peru, especially in tourism.

Where it’s used:

• Hotels
• Travel agencies
• Tours and activities
• Some large stores

Tip: Even though dollars are accepted, the exchange rate is often not favorable.

3. Exchange houses and exchange rates
Exchanging money is a key part of the experience.

Options:

• Exchange houses (better rates)
• Banks (safer, but lower rates)
• Airport (least recommended due to high fees)

Tip: Compare exchange rates before converting large amounts of money.

4. Card payments and digital wallets
These are becoming increasingly common in Peru.

Accepted methods:

• Debit and credit cards
• Mobile apps like Yape and Plin

Tip: Carry cash, as not all places accept cards (especially outside major cities).

5. Common experiences (and how to handle them)

Many travelers go through this:

• Not having small change
• Receiving damaged bills (hard to use later)
• Confusion about exchange rates

Solution: Always check your money and ask before paying in a different currency.

Tips for handling money in Peru

• Avoid exchanging all your money at the airport
• Use secure wallets or money belts
• Don’t display large amounts of cash
• Check bills before accepting them

Why understanding currency in Peru matters

Because it directly affects your experience:

• Good money management = smarter purchases
• Poor management = losses or unnecessary expenses

Knowing how money works gives you more control over your trip.

Travel better with planning

At GT Peru Travel, we help you plan every detail, including how to manage your money during your trip.

Contact us for personalized advice.