Currency in Peru

A Travel Money Guide to Peru

[Intro paragraph about Country. Example: New Caledonia is one of our favourite jewels in the South Pacific crown. But it isn’t a budget destination and to get the most out of your trip, it’s a good idea to learn everything you can about the local currency and payment options before you go.]

The official currency of Peru is the Peruvian Sol (PEN)
[Paragraph about the use of the local money in Country. Example: It's best to take Indonesian Rupiah to Bali. If you can't buy some before your trip, the next best options are Australian Dollars (AUD), US Dollars (USD) or Euros (EUR). You can easily change these 3 currencies almost anywhere on the island.]

Want to learn more about the Peruvian Sol and how to get your hands on it for the best value? Read on to find out:

What Currency is Used in Peru?

hand full of currency

In Peru, locals use Peruvian Sol, which has the international code PEN and the symbol S/.

The Peruvian Sol has 8 coin denominations: S/.1, S/.2, S/.5, 1, 5, 10, 20, 50.

Peruvian banknotes have 5 denominations: S/.10, S/.20, S/.50, S/.100, S/.200.

What is the currency of Peru

The national currency of Peru is the Peruvian Sol.

[Brief one sentence on history of the currency. For example: The CFP was introduced in 1945 and is issued by the Institut d’émission d’Outre-Mer (IEOM). It’s also used in other French collectivities, including French Polynesia and Wallis and Futuna.]


Do They Accept Australian Dollars in Peru?

[Insert copy. Example: New Caledonia is a popular cruise destination. With a high number of single-day visitors from Australia, some businesses (particularly those near the cruise ship terminal) will accept AUD.

Even so, it’s better to have francs on hand. Businesses are likely to factor conversion costs into their prices. So you could end up paying a far less favourable rate in Aussie dollars than if you’d just used the local money.]

How to Buy Peruvian Sol Before You Go

There’s a certain reassurance that comes with stepping off the plane (or cruise ship) already cashed up with Peruvian Sol.

Buying Peruvian Sol before you leave Australian shores isn’t just convenient. It can also save you money. But it all depends on where you get your Peruvian Sol in Australia. There are three main options:

  • Buy PEN online and have it delivered or collect it in-store
  • Buy from a money changer
  • Buy at your home airport

Currency exchange offices at Australian airports are notorious for their poor rates and commissions so we recommend avoiding that option entirely.

You’ll easily find a bureau de change near you; even suburban shopping centres should have at least one. But it’s better to get your money from an inner-city bureau if possible. They have more competition, which is likely to drive their rates down.

If there’s already too much running around to do ahead of your trip, consider ordering Peruvian Sol online. You can choose to have them delivered or made available for pick-up at a location near you.

Online orders are often the best value too, especially if you go with S Money, which offers the same rates listed on Google and


*Wholesale exchange rate updated

How to Change Currency When You Arrive

Places like Lima, and Cusco receive great numbers of tourists, so there are facilities to cater to money exchanges. Beyond these major destinations, it’s best to get cash before you venture into remote territory.


[Insert copy. Example: We’re all used to getting our cash out at ATMs so it seems like the most convenient way to secure local cash abroad. Plus there are BNC and BCI ATMs at the Nouméa airport, making things extra easy.

Fortunately, in larger New Caledonian destinations – including on each of the Loyalty Islands and Île des Pins – ATMs are available at banks and some post offices.

But it’s worth noting that some ATMs are only accessible during the bank’s opening hours. And even when they are open 24/7, they might not necessarily offer the best value.]

Depending on your bank, you may have to pay for overseas ATM withdrawals and currency conversions. To reduce the amount you’ll pay in fees, try to withdraw just the right amount of money you’ll need for the duration of your trip.

Don’t forget: Let your bank know you’re travelling! If they detect a foreign transaction but aren’t aware you’re overseas, they could end up freezing your card.

Currency Exchange in Peru

[Insert copy and links. Example

You won’t have any problem changing money in the city. There are plenty of bureaus de change at Changi Airport, on Orchard Road and in Little India and Chinatown. Authorised businesses will display a ‘Licensed Money Changer’ sign.

Licensed money changers tend to offer marginally better rates than banks as many banks charge flat fees of S$3 per transaction. Also, banks only exchange currencies on weekdays. To get the best exchange rates, head to these popular centres for foreign exchange


Travellers Cheques

Not worth the bother! Travellers cheques are so outdated, very few banks even accept them any more.

Using Your Bank Card

Most Peruvian businesses are well set up to receive card payments. Some of the best travel money cards include debit, credit and prepaid cards. But before you use your bank card willy-nilly, it’s worth reading up on the fees and charges you might incur.

Debit Cards

You’ll probably want a debit card if you plan to withdraw money from an ATM. While you may also be able to pay with a debit card in some businesses in the major destinations, you might discover some hefty fees on your account summary.

Depending on your bank, you could be hit with fees for foreign ATM withdrawals or currency conversions. But some banks are better than others; we recommend checking out Wise, ING and Revolut, all of which have travel-friendly debit cards that waive these charges.

Credit Cards

Credit cards can come with some enticing perks, including added security, loyalty programs, and even free travel insurance.

But are they worth it?

Major local businesses, including hotels, restaurants, airline offices, and department stores, accept credit cards. But you might have to pay a surcharge.

Mastercard and Visa are widely accepted. You may also be able to use your American Express card, though local ATMs won’t accept them.

Just be aware of additional charges you may incur for foreign transactions. These could include:

  • International transaction fees
  • High exchange rate margins
  • ATM fees
  • Potential ‘cash advance fees’ if you use an ATM

If you still prefer credit cards over any other payment, consider going with a company that offers cards that waive certain travel fees. Bankwest Platinum and 28 Degrees both have travel-friendly cards.

Prepaid Travel Cards

The biggest advantages of prepaid travel cards are that you can lock in a favourable exchange rate. You also get a handy back-up card.

Just remember that while they are convenient, you could end up paying a long list of hidden fees. Many travel cards still impose:

  • Currency conversion fees
  • Uncompetitive exchange rates
  • International ATM withdrawal fees
  • Initial load fees
  • Reload fees
  • Inactivity fees

Track the best time to buy Peruvian Sol

We match the currency exchange rate with the rate shown on Google or Xe. In real time.

This means you never pay over-inflated rates and can be 100% positive you are getting the most competitive rate for currency exchange.

  • Check out the daily rates:

Not ready to buy yet?
You can get a free rate tracker!

Updated: Posted on