How Much Cash Should I Bring To Peru

How Much Cash Should You Bring to Peru? A Traveler's Guide

Planning a trip to Peru? The vibrant culture, breathtaking landscapes, and ancient history make it an unforgettable destination. But before you go, one crucial aspect of your preparation involves understanding how much cash you should bring. This guide will help you determine the right amount, considering various factors to ensure a smooth and enjoyable trip.

Understanding Peruvian Currency and Exchange Rates

Peru's official currency is the Nuevo Sol (PEN). It's essential to exchange your currency before your trip or upon arrival at the airport. While credit cards are increasingly accepted in larger cities and tourist areas, carrying some cash is crucial for smaller towns, local markets, and situations where card payments aren't available. Always check the current exchange rates before leaving home to get the best possible deal. Don't rely solely on airport exchanges as they often have less favorable rates.

Estimating Your Daily Expenses: A Breakdown

Your daily budget depends significantly on your travel style. A luxury trip will naturally cost more than a budget backpacking adventure. To estimate your daily needs, consider these factors:

Accommodation:

• Budget: Hostels and budget hotels can cost as little as $10-$25 per night.
• Mid-range: Comfortable hotels and guesthouses will range from $30-$80 per night.
• Luxury: Upscale hotels and resorts can cost upwards of $100 per night or more.

Food:

• Budget: Street food and local eateries offer affordable meals for around $5-$10 per day.
• Mid-range: Restaurants offer more diverse options at around $15-$30 per day.
• Luxury: Fine dining experiences can cost significantly more.

Activities & Transportation:

• Entrance fees to sites like Machu Picchu: These can be significant expenses, ranging from $50-$100 or more, depending on the chosen tour.
• Transportation: Costs vary depending on your mode of transport (buses, taxis, flights). Budget accordingly based on your itinerary.
• Tours and activities: Factor in costs for guided tours, hikes, and other activities.

Miscellaneous:

• Souvenirs: Set a budget for souvenirs and gifts you might want to purchase.
• Tips: It's customary to tip in Peru; factor in a small amount for gratuities.
• Emergency fund: Always carry extra cash for unexpected expenses or emergencies.

Recommended Cash Amount: A Practical Approach

Based on the daily expenses breakdown, here's a suggested approach:

• Budget Traveler (10 days): $500-$800 in cash, plus a credit/debit card.
• Mid-Range Traveler (10 days): $1000-$1500 in cash, plus a credit/debit card.
• Luxury Traveler (10 days): $2000+ in cash, plus a credit/debit card.

Remember: This is just an estimate. Adjust the amount based on the duration of your trip and your spending habits.

Safety Tips for Handling Cash in Peru

• Keep your cash secure: Use money belts, hidden pockets, and avoid displaying large amounts of cash.
• Withdraw smaller amounts: It's safer to withdraw smaller amounts of cash from ATMs, rather than large sums at once.
• Be aware of your surroundings: Avoid using ATMs or exchanging money in poorly lit or isolated areas.
• Photocopy your passport and important documents: Keep a separate copy of these documents safe from your valuables.

Conclusion: Plan Wisely, Travel Safely

Planning the amount of cash to bring to Peru requires careful consideration of your travel style and itinerary. By understanding your daily expenses and taking necessary safety precautions, you can ensure a worry-free and enjoyable trip filled with the wonders Peru has to offer. Remember to always prioritize safety and responsible spending throughout your adventure.