Brazil exchange rates · Exchange rates in Brazil
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Exchange rates in Brazil
Exchange rates in Brazil
The Real is a free-floating currency and has become stronger in the past few years. Especially for US citizens, prices (based on exchange rates) have increased quite a bit. As of May 31, 2011, R$1 was worth about:
US$0.631920
€0.43847
£0.38346
There are many federal regulations for dealings with foreign currency, trading in any currency other then Real in Brazil is considered illegal, although some places in big cities and bordering towns accept foreign money and many exchange offices operate in a shady area. In addition, exchange offices are almost impossible to find outside of big cities. Currency other than USD and EUR is hard to exchange and the rates are ridiculous. If you would like to exchange cash at a bank, be prepared to pay a hefty commission. E.g., Banco do Brasil collects US$15 for each transaction (regardless of amount).
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Brazil Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.