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EDITION 2010

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Money and Banks

During the late 1980s Peru's rate of inflation was running at thousands of percent, but President Fujimori's economic shock tactics of the early 1990s brought it fairly tightly under control, so that by 1999 it was below the four percent mark. Devaluation is a regular occurrence, however, and in 1986 the whole currency was changed from the sol (Spanish for sun) to the inti (Quechua for sun) and in the process three zeros were removed - one inti was worth 1000 sols. The inti has since been replaced by the nuevo sol, still called a simple sol on the streets, and whose symbol is S/.

Despite being closely tied to the US dollar, the value of the nuevo sol still varies from day to day, so we have quoted prices throughout this guide in US dollars, against which costs have so far remained relatively stable. At the time of writing, the exchange rate for the nuevo sol was roughly S/3.5=$1, S/2.3=CDN$1 S/5.8=£1, S/2.3=A$1 and S/1.7=NZ$1

Costs
Peru is certainly a much cheaper place to visit than Europe or the US, but how much so will depend on where you are and when. As a general rule low-budget travellers should - with care - be able to get by on around $10-20 per person per day. If you intend...
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Traveller's cheques, cash and credit cards
For safety's sake the bulk of your money should be carried as traveller's cheques - preferably of two different types, as rumoured forgeries make individual brands difficult to exchange, from time to time. American Express is probably the best...
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Banks, casas de cambio and the black market
Bank opening hours vary enormously from region to region and from bank to bank, but as a general rule most open weekdays from 9am until 5pm and in Lima, in particular, many of them close for the afternoon at about 1pm from January to March; the...
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Emergency cash
If you're in a large city in Peru, probably the quickest method of getting emergency cash is to use your credit card to withdraw money from the ATMs of major banks, or get a cash advance on your credit card. Otherwise, you can get a ...
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Published articles and reviews about us

2009
Testimonials

Ajay Parikh
Date: Thu,16 Jul 2009

Hello all the folks at Peru Gateway Travel, 
We had a fantastic time in Peru.  We thank you all for making our trip a success. 
The only concern is that the accommodation in Cusco was below average and we would not recommend the Emparada Plaza (?) to anyone.  Even though the staff was good, the room/bathroom, breakfast was very bad. 
Once again, thanks a lot for making our trip to your country a memorable one.  All the guides, especially Guillarmo in Lima and Erica in Cusco, were excellent.


Kazuaki Kubo
Date: Thu,16 Jul 2009

I want to thank you and all of the staff of Peru Gateway Travel for the perfect arrangement of my trip in June.
Everything was so fantastic and I was made to think about another trip to Peru. 


Sincerely, Denise Pratico
Date: Mon, 6 Jul 2009

I am writing to let you know that we enjoyed Peru very much. The city tour led by Marco was fantastic. We will be happy to recommend your agency to other Americans


Jane
Date: Mon, 6 Jul 2009

We have completed our trip to Peru and are now back in New York City.  I want to thank you for all the arrangements you made.  The trip was wonderful and all our accommodations excellent.  Thank you for making our trip a success. 


Best regards, Marcy
Date: Mon, 6 Jul 2009

We arrived home at 4 o'clock in the morning, very tired (we had a long lay-over in Amsterdam) but very very happy. I am so pleased to tell you that our Peru vacation that you planned for us was excellent! Everything was just as the itinerary said it would be. We were very pleased with the hotels, and the transfer people and guides were always there and everybody was so nice and knowledgeable. We learned a lot about your very exciting country and its history, particularly about the Quechua culture. We will always remember the Inti Raymi festival in Cusco. I am so glad we were able to see that. Of course Machu Picchu was also a great highlight. And, Michael and I also very much liked Arequipa. We didn't know much about that city, but we had a very great time there on our free day and visited the cathedral, spent a lot of time going through the Santa Catalina monastario and, of course, went to the museum to see "Juanita". Beautiful architecture there too.
Really, every day was wonderful, and we would like to thank you so much for all your efforts. Also please extend our thanks to Maria Carmen who was so helpful on the phone and to Julia, who came to the hotel our first night to explain many things to us and give us all our tickets and vouchers. And perhaps you also had something to do with our last night in Lima at the Libertador. We got a suite -- a very big beautiful room! Thank you so much.
We wish you and your family all the best, and for sure we will be recommending Peru Gateway Travel to our friends.

 


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