When planning your trip to Peru, one of the most common questions is: should I bring soles or dollars? Both currencies are accepted in the country, but understanding when to use each one can make a big difference in your experience. Below, we share the key points to help you make the best decision.
Why Bring Soles?
The official currency of Peru is the sol (S/), and it’s the most convenient for your everyday expenses. Here’s why:
- Transportation and local shopping: Soles are essential for getting around cities like Lima, Cusco, or Arequipa on public transport or taxis. In addition, most markets, souvenir shops, and some restaurants operate exclusively in soles.
- Avoid searching for exchange offices: By bringing soles from the start, you’ll avoid the hassle of looking for an exchange office as soon as you arrive in the country. Being familiar with the local currency from the beginning will make your trip more convenient and secure.
- Small bills: It’s recommended to carry smaller denominations (S/10 or S/20). Many vendors may not have enough change for large bills (S/100), which could lead to issues when paying.
When Is It Useful to Bring Dollars?
Although soles are essential, dollars can be useful in certain situations, especially for larger payments or when you need more flexibility with exchange rates. Here’s when bringing dollars makes sense:
- Large payments and tourist services: Some luxury hotels, tour agencies, and restaurants in tourist areas accept dollars. If you’re making significant payments (for example, at a five-star hotel or booking a private tour), dollars can be a convenient option.
- Better exchange rates at exchange offices: If you decide to exchange your dollars at a local exchange office, you’ll likely get a better exchange rate than you would in your home country. This can help you save some money in the process.
- Condition of the bills: Make sure your bills are in good condition (no rips or marks). Damaged bills might not be accepted, especially for larger transactions.
Additional Tips for Managing Your Money in Peru
- Credit/Debit cards: Many stores and restaurants in major cities accept credit cards, but be aware that some may charge a fee. It’s a good idea to carry some cash for markets and public transport, where cards are not always accepted.
- Avoid exchanging money at the airport: The exchange rate at airports is usually less favorable. If you need to exchange some money upon arrival, do so in small amounts and then exchange the rest at a local exchange office or bank within the city.
- A mix of both currencies: The best option is to bring a mix of soles and dollars. Exchange part of your dollars for soles before you travel, and keep dollars on hand as backup for larger payments or unforeseen situations.
So, What Currency Should You Bring to Peru?
While both soles and dollars are useful, the most practical approach is to bring a mix of both. Carry soles for your everyday expenses and keep dollars as a backup for larger payments or to exchange for soles at a better rate. This way, you’ll have flexibility and avoid any issues during your trip.
Make Your Trip to Peru Unforgettable!
If you have any further questions about how to plan your adventure, or need personalized recommendations to get the most out of your experience in Peru, don’t hesitate to contact us here. We’re here to guide you every step of the way and ensure your trip is comfortable, safe, and filled with amazing moments.
