Latin America Travel Tips

In Latin America, the official currencies vary by country: Chile uses the Chilean Peso (CLP), Peru the Peruvian Nuevo Sol (PEN), Argentina the Argentine Peso (ARS), and Brazil the Brazilian Real (BRL). Card payments are widely accepted in major cities and tourist areas across these countries, especially Visa and MasterCard. American Express is less common but accepted in some higher-end establishments. Contactless payments and mobile wallets like Apple Pay and Google Pay are becoming more popular but may not be universally accepted.

In Peru, it is very easy to use credit and debit cards; however, be prepared for a 5% commission fee on top of your purchases. In Lima, card payments are accepted almost everywhere, except at markets where only cash is accepted. In Cusco and other provinces, additional fees may apply when paying with a card, so it’s advisable to carry cash to avoid unexpected charges.

In Chile, Brazil and Argentina, it is also advisable to carry some cash, especially smaller denominations, for use in markets, taxis, tips, and remote locations where card acceptance may be limited. ATMs are generally easy to find in urban centres, shopping malls, airports, and banks, and most accept international cards with English-language options. Withdrawing cash at ATMs usually offers better exchange rates than currency exchange offices. To avoid poor rates, always choose to withdraw in the local currency rather than your home currency to prevent dynamic currency conversion.

Currency exchange offices are available at airports, malls, and tourist spots, but rates vary and may be less favourable than ATM withdrawals. Avoid exchanging large sums at hotels, where rates tend to be less competitive. Before travelling, notify your bank to avoid your cards being blocked for suspected fraud. Carry a backup card and keep emergency bank contact information handy in case of loss or theft. When using ATMs, choose well-lit and secure locations to protect your card details and personal safety.

Traveller’s cheques are rarely accepted and are not recommended as a reliable means of payment in Latin America. Managing money via ATMs and credit or debit cards remains the most efficient and convenient option throughout your visit.