Send Money Transfer to Brazil from the UK
Whatever your reason for sending money to Brazil. Compare Money Transfer will make your currency transfer as straight forward and cost-effective as possible.
- Buying property in Brasília?
- Emigrating to Brasília?
- Paying Overseas Services / Importing / Exporting to Brasília?
- Regular Payments to Brasília?
Currency for Brazil?
The Real (BRL) is the official currency of Brazil which is divided into 100 cents.
Send Money Transfer to Brazil
Are you planning to move to Brazil? Are you planning to buy a real estate property in Brazil? Consequently, are you running an offshore unit in Brazil? Hence, you planning to send money to your loved ones staying in Brazil? In all these situations, you will have to send money in local currency meaning you will have to be making your end payment in Brazilian currency.
How do you normally make international money transfers? Do you depend on the high street banks? Have you ever compared the exchange rates with different money transfer services other than the high street banks? When you make money transfer to Brazil, you will be able to save a great deal of money by using the right choice.
The main function of your high street banks is not international money transfer. They have several other financial services and only a minor percentage of their activities involve international currency transfer. So the chances are that your high street banks do not specialize in money transfer services though it is one of their services.
Best way to transfer money from the UK to Brazil
The first thing you should do when you want to send money to Brazil is to list the options you have before you so that you will first know what is possible and what is not. Not many people know that they can bargain their currency exchange rate with their service providers. Still worse, not many people know that there is something called hedging or buying a forward contract which will protect you against the future fluctuations. Here you can sign a contract with your foreign exchange service provider and advance them a certain amount of money for a money transfer to Brazil at a later date but at the currency rate that you have fixed.
This will protect you against the volatile currency trends and you can calculate your finances accurately not giving into uncertainties of the foreign exchange market. Currency exchange services, unlike your high street banks, do not charge you with a transfer fee and a commission. Moreover, you will be able to get a better foreign exchange rate. You can compare on any given day the currency exchange rates and know for yourself how much you will be losing by using high street banks.
There is a lot of difference between the services offered by a specialist and someone that is not a specialist. Your high street banks are certainly not specialists in foreign exchange transfers. That is not the case with your foreign exchange broker. These people spend all their life dealing with foreign exchange transfers and analyzing the market. You will be able to take advantage of all their experience.
Use our foreign exchange comparison tool to identify the best way to send money to Brazil.
