Currency exchange is exceptionally favourable at the moment, making it cheap for foreigners to invest or buy a property, this way, investing in property instead of buying Brazilian Reais (plural for Real) will make you save huge amounts of money when it comes to changing a vast quantity of currency. Productivity and profits are highly increased for foreign companies to settle in the country due to this stability in the Brazilian currency exchange, increasing also the purchasing power for overseas investors in Brazil. The strength of the real has gained the confidence of investors, allowing the first bond issued in reals instead of dollars in 2004. Issuing bonds in local currency gives more protection against currency fluctuation and international economic instability

FAQ about Currency Exchange

• Q. Where should I buy currency?If you are planning going on holidays and want to exchange some currency, you can do so in any bank. However, if you want to exchange a large amount of money, we recommend you contact a specialist in order to get the best exchange rate, what will save you lots of money.
• Q. What will it cost me?It all depends on the amount of currency you want to exchange. With large amounts the rate will be better. You have to compare all the costs, because some currency dealers do not apply any fee.
• Q. Can I hold out for a particular rate?You can give the order to your trader about what rate you want and he will wait until you get the desire percentage. The waiting time is dependent on the desired rate, so be patient.
• Q. What if the rate is good now, but I don’t need to or can’t make payment for 3 months?Do not worry about that, you can fix an exchange rate for up to two years, which is useful when you are buying a property “off plan”.
• Q. Will foreign exchange dealers offer advice about market conditions and rates?The act of giving advice is not mandatory for foreign exchange dealers, but they can give you information in order to know the market trends and currency movements. With this, you will be able to make your own decision with the knowledge and experience of your foreign currency dealer.
• Q. If I take out an overseas mortgage and have to make payments from the UK how can I do this?There are many dealers with a Regular Payment Plan which allows you to fix an exchange rate on regular overseas payments for a period of between 6 and 24 months.
• Q. How do I pay for my currency?After choosing an exchange rate, you will have to transfer funds to the client, is that simple. Please note that no funds can be sent if a cheque has not clear. After the cheque has been cleared, the funds are sent to the chosen bank account.
• Q. How can I find out current exchange rates?The Interbank rate can be found on the Internet and your local advisor will be very likely to have live currency charts with exchange rates history.
• Q. How long will my funds take to transfer to an overseas bank account?It usually takes no more than two or three working days, but you can also ask for a “proof of payment” document if you have to prove that the funds have been transferred.