Send Money to Brazil

Margin Rate: 0.70%
Minimum Transfer: 250
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 1%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 4%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 0.7%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated
Margin Rate: 2%
Minimum Transfer: £5000
Transaction Fees: £0
FCA Regualted: FCA Regulated

Countries in Brazil

Changes in the Brazilian Currency.

The currency unit in Brazil is the Real / Reais
(BRL; symbol R$) = 100 centavos.
Notes are in denominations of R$100, 50, 10, 5, 2 and 1.
Coins are in denominations of R$1, and 50, 25, 10, 5, and 1 centavos

The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile.

Brazilian Real
The Brazilian Real exchange rate averages
January of 2014 - 2.41
February 2014 - 2.39
Brazilian Real averaged 1.81 from 1992 until 2014,
All time high of 3.95 in October of 2002
The record low of 0 in January of 1992.
Currency exchange rates play an important role in a country's competitiveness level, making currency exchange rates are among the most analyzed and forecasted indicators in the world.

Currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange

Brazil which is officially titled the Federative Republic of Brazil is the largest country in South America and it is the world's fifth largest country in both geographical area and population size with over 192 million people. The country is bordered by Venezuela, Guyana, Suriname, French Guiana, Colombia, Bolivia, Argentina, Paraguay, and Uruguay.
Sending Money to Brazil

Do you need to make a money transfer to brazil in São Paulo, Rio de Janeiro, Brasília or another location in Brazil your money transfer can be costly if you transfer money through a bank or a money sending bureaux?
During the 80s and 90s, there was a period of very high inflation in Brazil. Up until 1986, the currency in Brazil was known as the Cruzeiros it was then changed to the Cruzado. A few years later this name was changed once again to Cruzados Novas before being changed back to Cruzeiros in 1990. By 1994 after yet another name change the currency that Brazil settled on was the Real. So today if you want to send money to Brazil you will be exchanging your currency for the Real.

Currency Options to consider

A Route
The process would involve the client setting up a bank account with our counter-party in Brazil which would enable them to register their trade with the Brazilian Central Bank and have the funds exchanged into a currency of your choice.
In order to open the account, they would need to provide the necessary documents so that their deal can be registered with the Brazilian Central Bank, such as the source of funds and reason for the transaction.
If we take a property sale for example, normally the client would need to demonstrate how they paid for the property and if the funds were initially brought in via a bank transfer. If that is the case then details of that transfer would normally be required before the client would be able to send the funds using the Brazilian Central Bank.
Any tax should be taken care of as a first priority before any exchange. We do not assist the clients directly with tax advice.
Once they have fulfilled their tax obligations and the account has been opened they can have the funds registered with the Central Bank for exchange and at this point, they will receive the rate of exchange. Once the exchange has taken place the funds will be sent directly to an account of their choice.   
B Route
We would set up a trading account in the normal way with Aston.
Aston would agree on a rate of exchange for BRL either from or to another currency with the client.
Once we have agreed on a rate we will send them a trade confirmation with details of a local account in Brazil to pay the funds to or our segregated client accounts in London depending on whether they are buying or selling BRL.
On receipt of their funds, we will make the same day payment to the account details which they provide to us.
This route is useful for low volume amounts ( up to £50,000 a time)as it tends to offer a much better rate of exchange than banks offer via the A route, especially when buying BRL.
Any tax should be taken care of as a first priority before any exchange. We do not assist the clients directly with tax advice.

Ensure foreign exchange companies are authorized by Financial Conduct Authority (FCA) and regulated by HM Revenue & Customs.

Whether you are looking to make a money transfer to Banco Bradesco, Brazilian Development Bank, Central Bank of Brazil or any other Bank there are only a selected amount of foreign exchange companies that can transfer your funds directly to the required bank account. Check the comparison website

Using Compare Money transfers will significantly reduce the costs of transferring money as we compare providers that will offer you a great exchange rate and low transfer fees.

Contract Options when transferring money to Brazil

Here are 4 contract options you can choose from depending on whether your priority is speed, a specific exchange rate or minimizing your risk. All contract options are execution only and non-speculative so you can guarantee your funds are safe.

Spot Contract
Spot Contracts are when you need your currency transmitted fast
Once the contract is agreed you need to get the money to us within 2 working days. When payment clears we arrange onward payment to the specified beneficiary. Internationally funds are sent via SWIFT – the fastest international payment method.

Forward Contract
Forward Contracts are when you want a fixed exchange rate for up to 2 years
You pay a small deposit to fix the exchange rate. Once the contract is agreed, regardless of market fluctuations, you know exactly how much currency you are buying. Perfect if you want to budget and protect yourself from market volatility.

Limit Order
Limit Orders are when you have a target exchange rate and timing isn’t crucial
Placing a Limit Order means that when the market moves to your specified rate, our system automatically purchases your currency, letting us work as your eyes and ears in the market.

Stop Loss
Stop Loss is when you don’t want to trade below a certain exchange rate and timing isn’t crucial
This allows you to protect yourself against adverse market movement by putting a lower limit on the price at which you are willing to buy. If the market drops to that level, you have guaranteed that you will get an exchange rate no lower than the one you specified.

Always check the latest exchange rate
As well as having several name changes the Brazilian currency also fluctuates in the exchange rates. This is why it is so important to check the currency rate Brazil is following at any given time. Thankfully these very easy to check the latest exchange rates and there are online applications that you can use to do this.

Transferring money is simple and straightforward
To get the funds you want to your recipient quickly you should look towards a money transfer to Brazil. Completing the transfer is much easier than you might imagine and the waiting period is virtually non-existent. When this is compared to a bank to bank transfer, which takes five working days on average, it is easy to see why it is the preferred method for many individuals. As soon as a transfer has been completed you can transfer funds in the future using the same method.

Minimum wages in Brazil
Minimum Wages in Brazil increased to 724 BRL in January of 2014 from 678 BRL in December of 2013.
Minimum Wages in Brazil averaged 257.53 BRL from 1991 until 2014, reaching an all-time high of 724 BRL in January of 2014 and a record low of 0 BRL in January of 1991.


Average wages in Brazil
The average wage in Brazil increased to 2087.33 BRL in November of 2013 from 1980.66 BRL in October of 2013.
Wages in Brazil averaged out at 1581.57 BRL from 2002 until 2013, where in December of 2012 it reached an all-time high of 2355.35 BRL.
Brazil wages are benchmarked using real salaries were in September of 2003 wages hit a record low of 1293.72 BRL.


Unemployment rate in Brazil
In Brazil, the unemployment rate measures the number of people actively looking for a job as a percentage of the labor force.
The unemployment rate in Brazil decreased to 4.30 percent in December of 2013 from 4.60 percent in November of 2013.
Brazil Unemployment Rate averages at 8.8 Percent reaching an all time high of 13.1 percent in April 2004 and a record low of 4.3 percent in December 2013.


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