Money in Peru: currency, ATMs, cards and budgeting
A little money know-how saves a lot of friction in Peru. The local currency, where to get cash, and when cards work versus when you need soles can all trip up first-timers. Here is the practical version for a Cusco and Machu Picchu trip.
The currency: the sol
Peru's currency is the sol (PEN), often shown as S/. While some hotels, agencies and upscale restaurants accept US dollars or cards, day-to-day life — markets, taxis, small eateries, entrance fees — runs on cash in soles. Carry small denominations; breaking large notes can be awkward.
Cash, cards and ATMs
ATMs are widely available in Cusco and dispense soles (and sometimes dollars). Tips that help: withdraw larger amounts to limit per-transaction fees, choose to be charged in soles (not your home currency) to get a better rate, and tell your bank you are travelling. Carry a backup card and keep some cash separate as insurance.
| Use case | Cash (soles) | Card |
|---|---|---|
| Markets, taxis, snacks | Yes | Rarely |
| Small restaurants | Usually | Sometimes |
| Hotels & agencies | Yes | Usually |
| Entrance fees | Yes | Rarely |
Tipping and a realistic budget
Tipping is appreciated though not always obligatory: a little for guides, drivers and restaurant staff goes a long way. Budgets vary widely, but cash for meals, taxis, tips and entrance fees is where most travelers underestimate. Our cost guide breaks down the big-ticket items.
Plan your trip with locals
We lay out exactly what is included and what to budget for on the ground.
Quick money tips
Get some soles on arrival, keep small notes for taxis and tips, prefer ATMs attached to banks, avoid changing money on the street, and always carry a little cash even on card-friendly days. Simple habits, smoother trip.
Frequently asked questions
The Peruvian sol (PEN), shown as S/. Some hotels and agencies accept US dollars or cards, but everyday spending needs cash in soles.
Yes. ATMs are widely available in Cusco and dispense soles. Choose to be charged in soles for a better rate and tell your bank you are travelling.
Bring and use cash in soles for markets, taxis, small restaurants and entrance fees. Cards work in many hotels and agencies but not for day-to-day purchases.
Tipping is appreciated though not always required. Small tips for guides, drivers and restaurant staff are customary and welcomed.