Brazil Money Exchange

Brazil currency exchange

The Brazil money exchange or currency exchange rate will be an important consideration prior to your Brazil travel northeast.

Despite the attempts of the Brazil Central Bank to keep the real Brazil currency low, it has continued to grow stronger against the US dollar and many other world currencies from 2005.

So strong in fact that the Brazil real was worth more than half the US dollar since 2007. As of May 2008, the real equalled 0.6068 US dollars, with l US dollar equalling 1.6480 reais. Far from the long anticipated inflation, so far exchange rates and prices have remained constant.

So, in addition to the major appeal of Brazil's cost of living which is relatively inexpensive in comparison to the US and most of Europe, the Brazil money exchange rate is looking very attractive for holiday makers.

Brasil money exchange rates

The money exchange rate you achieve will depend on the type of currency you are exchanging. Us dollars for example, will give you a better exchange rate than travellers cheques and possibly, even your own country's currency. It makes good sense to check beforehand and if need be, carry a different currency to that of your own country's.

The US dollar is also more widely accepted currency in many of Brasil's large cities and in the more exclusive hotels, shops and by tour operators etc.,

You can change your funds at Brazil money exchange agencies - casa de câmbio or at banks. There are usually two rates for cash being advertised, - i.e. the amount a bank will pay you and the turist rate - turismo, - i.e. the rate you will achieve in places such as a travel agency or a hotel.

Banks will always give you a better rate of exchange. Although owing to the fact that Banks have much slower exchange procedures exchanging your money there can prove a bit of an inconvenience. While the turismo Brazil money exchange rate is generally two points or so lower than the bank rate, for ease, it is worth considering this option if you are not making a large exchange.

Taking along a few US travellers cheques is not a bad option, however, bear in mind that you will always get one or two percent better money exchange rate for cash than you would do for travellers cheques. Travellers cheques do of course give you peace of mind on account that they are replaceable in the event they are lost or stolen.

How to check Brazil currency exchange rate

The Brazilian real has remained strong and you can check the current Brasil money exchange rates against that of your own country by visiting the link below.

The following illustration give you a quick overview of your country's currency performance against the currency of brazil; in other words, what 1US or £1 is worth as at 29th May 2008, once converted into R$1 (Brazilian real).