What are the best currency exchange tips in Brazil ?
Brazil’s currency is the " Real " and " Reais " in the plural. The currency code is BRL. Locally it is usally referred as R$
There are banknotes of 100, 50, 20, 10, 5, 2, 1 BRL. 1 real is divided into 100 Centavos . The current coins are 1 Real, 50, 25, 10, 5 and 1 centavos.
Prefer the credit cards to traveler’s checks , which are always a little more complicated to use, especially the ones in euros.
We recommend that you arrive on site with some reais bought in your home country or exchanged at the airport.
Not a large amount because exchange rates won’t be great in airports or at home but enough to pay for a taxi and book a hotel night. That will give you time to find a great currency exchange place to exchange most of your money.
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The Brazilian inflation rate is rather high (8-10% ) so do not bring reais at home they will lose their value quickly.
Besides the currency exchange at home won’t be able to give you a great exchange rate as they have to make money to live and it is a bit hard to make money when you have notes in stock that lose 10% every year!
However it is always difficult to know in advance the exchange rate and the commission charged, unless you have a good address.
Be wary also when you go out of banks and exchange offices regularly frequented by pickpockets on the lookout.
400 cigarettes, 250 g of tobacco, 25 cigars and 2 L of alcohol are allowed in the Brazilian territory.
A tip of 10 to 15% of the bill is especially common in restaurants, although service is already included in the bill. It is not mandatory for taxis.
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