Paying with cash will save you surcharges from your bank, and bargaining can be beneficial at markets and in taxicabs. Sharing a room is an easy one, as is ordering set meals from restaurants instead of Г la carte options. There are several ways to save money while traveling in Peru. If youвЂ™re interested in staying in high end hotels and eating at quality restaurants, you may spend up to several hundred dollars a day. Travelers that want some level of comfortвЂ“including good food and hotels with hot waterвЂ“will likely spend about USD $70 USD to $100 USD a day. Peru caters to all kinds budgets, from the thrifty backpackers to luxury loving wanderers. The following information will help you prepare to budget, spend, and save money in Peru. Before you leave home, notify your bank that youвЂ™ll be using your credit card abroad.Д¬ontinue learning.Money in Peru is fairly straightforward. The most widely accepted cards in Peru are Visa and MasterCard, although American Express and a few others are valid in some establishments, as well as for cash advances at ATMs. Your bank may also tack on a surcharge and additional fees for each foreign-currency transaction. The amount youвЂ™ll eventually pay is not based on the point-of-sale exchange rate, but the rate your bank chooses to use when the transaction posts to your account, sometimes weeks later. Many top-end hotels and shops accept tarjetas de credito (credit cards) but usually charge you a 7% (or greater) fee for using them. For safety reasons, use ATMs inside banks with security guards, preferably during daylight hours. In Peru, both US dollars and soles are readily available. Before leaving home, notify your bank that youвЂ™ll be using your card abroad and confirm any international withdrawal feesДЄTMs are a convenient way of obtaining cash, but the rates are usually lower than at casas de cambio. ATMs are linked to the international Visa, MasterCard, American Express, and other networks.

ATMsД¬ajeros automГЎticos (ATMs) are found in nearly every city and town in Peru, as well as at major airports and bus terminals. When receiving local currency, always ask for small bills (billetes pequeГ±as), as S/100 bills are hard to change in small towns or for small purchases. In recent years, the exchange rates have fluctuated between 3.10 to 3.5 soles for 1 USD. In tourist destinatinations, like Miraflores and Barranco in Lima, Cusco, and Arequipa, hotels and several businesses accept US dollars for payment. Other hard currencies can be exchanged, but usually with difficulty and only in major cities and tourist centers.

The best currency for exchange is the US dollar, although the Euro is increasingly accepted. It is best not to change money on the street as counterfeits are a problem.ДЄll foreign currencies must be in flawless condition: this means no tears or marks. Often, the best exchange is at a casa de cambio compare the rates at different locations to seek the best rates. There are four ways to change dollars: in hotels, at banks, exchange houses (casas de cambio), and at independent street money changers. Money Exchange Where can I exchange my money?Д¬arrying cash entitles you to get the top exchange rates quickly. 1.00Дenominations of the Peruvian Sol that can be found are: Coins The Peruvian Sol currency is divided into 100 cents with an equivalence of: I /.

A Nuevo Sol was equivalent, at the time of change in 1991, to a million Intis or billion of old soles. This coin replaced the Inti, driven by Alberto Fujimori because of the devaluation. The Nuevo Sol, now called the Peruvian Sol, is the countryвЂ™s monetary unit which took effect on July, 1991 in accordance with the provisions of Law No. The currency in Peru is the Peruvian Sol.

Peru currency rates