Brazil Travel Blog » currency http://www.braziltravelblog.com An independent travel blog with information on Brazil Wed, 08 Feb 2012 08:40:46 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 real vs dollar and euro, changes unlikely http://www.braziltravelblog.com/2009/11/09/real-vs-dollar-and-euro-changes-unlikely/ http://www.braziltravelblog.com/2009/11/09/real-vs-dollar-and-euro-changes-unlikely/#comments Mon, 09 Nov 2009 10:26:03 +0000 Tony http://www.braziltravelblog.com/?p=2559 Tony Gálvez. Read the original at http://www.braziltravelblog.com/2009/11/09/real-vs-dollar-and-euro-changes-unlikely/. If you find this text at a location other than the Brazil Travel Blog it is an unauthorized use of the blog material.

A financial analyst from bank Itau (one of the largest Brazilian corporations) told me last week that the bank doesn’t expect big shifts in the current relationship between the Brazilian real and the US dollar and the euro. In other words, an overvalued real is likely to stay, at least for the next few months.

Bad news for foreign tourists as an overvalued local currency adds more pressure on your travelling budget. Good news for Brazilians planning a trip abroad.

——————————
RELATED POSTS:
Mighty real
Money and currency

subscribe to the Brazil Travel Blog by Email
follow the Brazil Travel Blog on Twitter

]]> http://www.braziltravelblog.com/2009/11/09/real-vs-dollar-and-euro-changes-unlikely/feed/ 1 Differences between “comercial”, “turismo” and “paralelo” dollars http://www.braziltravelblog.com/2007/03/17/differences-between-%e2%80%9ccomercial%e2%80%9d-%e2%80%9cturismo%e2%80%9d-and-%e2%80%9cparalelo%e2%80%9d-dollars/ http://www.braziltravelblog.com/2007/03/17/differences-between-%e2%80%9ccomercial%e2%80%9d-%e2%80%9cturismo%e2%80%9d-and-%e2%80%9cparalelo%e2%80%9d-dollars/#comments Sat, 17 Mar 2007 15:05:56 +0000 Tony http://www.braziltravelblog.com/2007/03/17/differences-between-%e2%80%9ccomercial%e2%80%9d-%e2%80%9cturismo%e2%80%9d-and-%e2%80%9cparalelo%e2%80%9d-dollars/ Tony Gálvez. Read the original at http://www.braziltravelblog.com/2007/03/17/differences-between-%e2%80%9ccomercial%e2%80%9d-%e2%80%9cturismo%e2%80%9d-and-%e2%80%9cparalelo%e2%80%9d-dollars/. If you find this text at a location other than the Brazil Travel Blog it is an unauthorized use of the blog material.

What is the difference between the “comercial”, the “turismo” and the “paralelo” dollar?

A technical explanation would be far too boring, plus I’m don’t have sufficient knowledge to deliver it. My approach will be more practical:

  • dólar comercial: it’s the one used in trade, imports, exports, and financial operations. When you withdraw local currency from a Brazilian ATM the exchange rate that will be applied to you will be very similar to the one of the dólar comercial.
  • dólar turismo: its exchange rate is applied to the purchase of dollars for tourism purposes. If you exchange money at a bank or bureau de change/currency exchange, the exchange rate that will be applied to you will also be the one of the dólar turismo. The exchange rate of the dólar turismo is also applied when a Brazilian buys a flight or a package holiday quoted in dollars.
  • dólar paralelo: used in the black market. Its exchange rate appears on the press because of the importance of irregular operations carried out on a daily basis through black market operators (doleiros). The exchange rate of the dólar paralelo is of no interest to the tourist.

[Don't forget there is a list of all the questions & answers published in the blog here]

subscribe to the Brazil Travel Blog by Email.

]]> http://www.braziltravelblog.com/2007/03/17/differences-between-%e2%80%9ccomercial%e2%80%9d-%e2%80%9cturismo%e2%80%9d-and-%e2%80%9cparalelo%e2%80%9d-dollars/feed/ 0 Euros or dollars? http://www.braziltravelblog.com/2007/03/16/euros-or-dollars/ http://www.braziltravelblog.com/2007/03/16/euros-or-dollars/#comments Fri, 16 Mar 2007 11:42:16 +0000 Tony http://www.braziltravelblog.com/2007/03/16/euros-or-dollars/ Tony Gálvez. Read the original at http://www.braziltravelblog.com/2007/03/16/euros-or-dollars/. If you find this text at a location other than the Brazil Travel Blog it is an unauthorized use of the blog material.

Do I bring euros or do I bring dollars?

If you are coming from Europe, bring your euros, there is absolutely no need to change them into dollars. Wherever dollars are exchanged, euros are exchanged too. If your currency is the dollar, then bring dollars, of course.

SEE ALSO: money and currency

subscribe to the Brazil Travel Blog by Email
follow the Brazil Travel Blog on Twitter

]]> http://www.braziltravelblog.com/2007/03/16/euros-or-dollars/feed/ 0 Money and currency http://www.braziltravelblog.com/2007/03/15/money-and-currency/ http://www.braziltravelblog.com/2007/03/15/money-and-currency/#comments Thu, 15 Mar 2007 16:02:20 +0000 Tony http://www.braziltravelblog.com/2007/03/15/money-and-currency/ Tony Gálvez. Read the original at http://www.braziltravelblog.com/2007/03/15/money-and-currency/. If you find this text at a location other than the Brazil Travel Blog it is an unauthorized use of the blog material.

The Brazilian currency is the real (its symbol, R$). Only banks from neighbouring countries will exchange reales. You are advised to take dollars or euros with you. If coming from Europe, there is no need to exchange euros into dollars. Euros ares as easy to exchange as dollars.

Traveller’s cheques are not an interesting option when it comes to Brazil. They are difficult to cash, and the exchange rates are always less favourable than the rates for hard currency.

Euros and dollars are only accepted in expensive shops and very touristic places (Rio, Iguazu). The exchange rate is never good. In most parts of Brazil, only reales are accepted. There are several ways of obtaining reales:

  • at a bank
  • at a currency exchange/bureau de change
  • withdrawing money from an ATM

Currency exchanges/bureaux de change usually offer a more favourable exchange rate than banks. On top of that, the red tape involved in exchanging money at a bank is non-existent at a currency exchange/bureau de change. Currency exchanges/bureaux de change at airports always offer worse rates than the ones downtown.

There isn’t a unified ATM network in Brazil. Each bank operates its own network, not interlinked to the network of the other banks. The exception is the red 24horas, used by several different banks. There is a considerable number of ATMs that will allow withdrawals with a VISA or MasterCard card. Among them, the mentioned 24horas as well as the Bradesco and HSBC’s ATMs.

SEE ALSO: Difference between “commercial”, “turismo” and “paralelo” dollar
Euros or dollars?

Yahoo currency converter


brazil, travel

]]> http://www.braziltravelblog.com/2007/03/15/money-and-currency/feed/ 0