Best places to exchange money in Lima and Cusco
Ensuring you have the local currency is one of the most important things for any traveler who wants to make the most of their experience in the city. Therefore, to ensure a smooth visit and enjoy all the services and attractions to the fullest, it is essential to know where to exchange money in Lima and Cusco. In this guide, we will explore the various alternatives available for exchanging money, including banks and exchange offices, as well as ATMs. This will allow you to make informed decisions and enjoy your trip with complete peace of mind. Read on to learn more.
The official currency of Peru is the Nuevo Sol, whose symbol is S/. This currency is divided into 100 cents. The Peruvian Nuevo Sol is available in various denominations, including 10, 20, 50, 100, and 200 soles bills. There are also 10, 20, and 50 cent coins, as well as 1, 2, and 5 sol coins.
Best places to exchange money in Lima and Cusco
Best places to exchange money in Lima
Depending on the district you’re in, Lima offers a variety of possibilities. Here are a few of the trustworthy ones:
Securex
situated in San Borja at Av. Primavera 543.
One of the most well-known casas de cambio (currency exchange houses) in Lima is this one. It provides expert service, affordable prices, and a safe, hygienic setting.
Universal House Exchange
located in Santiago de Surco at Pasaje Central 190.
It has a great reputation for honesty and reasonable prices. An excellent choice if you’re staying in the southern Lima or Surco area.
Casa de Cambio Rey’s 2
Situated in Miraflores at Calle Schell 331.
If you’re staying in Miraflores, this location is convenient because it’s surrounded by hotels and banks and is renowned for its reasonable prices and dependable service.
Banks (BCP, Interbank, BBVA, Scotiabank)
These banks have branches all around Lima, but particularly in Miraflores and San Isidro.
Despite occasionally having somewhat worse rates than exchange houses, they are the safest locations to exchange money. When converting greater amounts, always remember to include your passport.
Licensed “Cambistas” (Street Money Exchangers)
People wearing blue or green vests labeled “Cambista Autorizado” may be seen in some areas of Miraflores, particularly close to Kennedy Park and along Avenida Larco.
They frequently have very affordable prices and have a city license. However, only interact with those who are close to banks or security personnel and who are clearly identified.
Best places to exchange money in Cusco
The historic center of Cusco is home to a large number of exchange houses, especially along Avenida El Sol and close to the Plaza de Armas. Here are the top ones that tourists and tour guides have mentioned:
Multi Dólar
situated at 320 Av. El Sol.
Travelers highly suggest it because of its expert staff, quick service, and affordable exchange rates. It’s easy to find and close to important sights.
Super Cambios Cusco
located directly across from the BCP bank at Av. El Sol 180.
highly regarded for transparency and dependability. They typically accept USD and EUR and are renowned for their honesty and friendliness.
Money Corner
Situated near Plaza de Armas at Calle del Medio 100.
Very handy if you live close to the main square. offers affordable prices and is well-liked by travelers seeking a speedy and secure transaction.
Casa de Cambio Los Amigos
located near a number of banks at Av. El Sol 320.
Another well-known neighborhood location with a solid reputation for excellent service and clear rate displays.
Casa de Cambio Qorilazo
located next to the Museo de Sitio del Qorikancha in Calle Maruri 165.
For courteous service and modest purchases, locals suggest it.
Banks (BCP, BBVA, Interbank, Scotiabank)
These have several locations along Plaza de Armas and Av. El Sol.
Although exchange rates are occasionally marginally less beneficial than those at casas de cambio, they are quite safe and dependable. Additionally, their ATMs allow you to take out cash directly.
Practical Tips for Exchanging Money.
Avoid Exchanging Money at the Airport:
The fees charged at airports are usually higher and the exchange rates less favorable than elsewhere. If possible, wait to exchange money until you reach the city center; if not, avoid doing so at the airport.
Use ATMs:
ATMs often offer competitive exchange rates and are a convenient alternative for obtaining cash. Avoid ATMs that charge high transaction fees and be sure to only use them in secure locations.
Request smaller denomination bills when exchanging money:
Ask for smaller bills instead of large bills. This will help you make payments in places that may not have change for large bills.
Keep your receipts:
Save all currency exchange receipts in case you need to make a claim or prove a transaction in the future. Receipts will also make it easier for you to track your expenses throughout your trip.
If you follow these practical recommendations, you will be able to exchange money more effectively and enjoy your stay in Lima and Cusco without financial worries. Keep in mind that safety and convenience should always be a priority when exchanging money in a foreign country. Make the most of your trip with the peace of mind of having your finances in order!