Cheapest way to send USD to Brazil?

Wise, Remitly, and PayPal Xoom routinely lead USD→BRL with margins under 1%. Pix-supporting providers offer the fastest delivery (under 60 seconds).

What is Pix and why does it matter?

Pix is Brazil's domestic instant payment rail, similar to UPI in India. International providers using Pix can credit Brazilian bank accounts in under a minute, 24/7, including weekends and holidays.

Are remittances to Brazil taxable for the recipient?

Personal remittances are subject to a small IOF (Tax on Financial Operations) of 0.38% on FX conversion. Beyond that, gifts from family abroad are not subject to income tax up to certain thresholds.

How fast do BRL transfers settle?

Pix-enabled transfers settle in under 60 seconds. Traditional bank deposits typically take 1–2 business days. Cash pickup is instant once the funds are confirmed at origin.

Why is the JPY→BRL corridor unusually well-served?

Brazil has the world's largest Japanese diaspora (~1.5 million people) due to early 20th-century immigration. Many descendants now work in Japan and send money home, supporting dedicated JPY→BRL providers like Brastel and BMO Money.

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Brazilian Real (BRL) Live Exchange Rate & Remittance Guide

BRL · R$ · Banco Central do Brasil (BCB)

1 USD =

R$5.0911

Live (cached)

About the Brazilian Real

The Brazilian Real was introduced in 1994 as part of the Plano Real, ending years of hyperinflation. The BCB targets inflation and intervenes occasionally in FX markets. The real is a major emerging-market currency, sensitive to commodity prices (especially soy and iron ore) and foreign capital flows.

Why BRL matters for remittance

Brazil receives roughly $4 billion in remittances annually, primarily from the United States, Japan (large Japanese-Brazilian community), Portugal, the UK, and Germany. Remittances are smaller relative to the size of Brazil's economy than for most Latin American countries — Brazil's diaspora is smaller relative to population.

BRL cross-rates

Live

What 1 Brazilian Real (BRL) is worth in major currencies right now, at the wholesale mid-market rate.

Currency	1 R$ BRL =	Inverse (1 unit in BRL)
USD USA	$0.196421 USD	R$5.0911 BRL
EUR Europe	€0.169183 EUR	R$5.9108 BRL
GBP UK	£0.146256 GBP	R$6.8373 BRL
INR India	₹18.576 INR	R$0.053831 BRL
AED UAE	د.إ0.721475 AED	R$1.3860 BRL

USD rate is live from Wise's comparison API; other reference rates are derived from the latest USD-anchored mid-market table. Retail providers add a margin on top — see the comparison table on each corridor page for the rate you'll actually receive.

Compare BRL corridors

See live rates and the best providers for each pair.

USD→BRL EUR→BRL GBP→BRL JPY→BRL CAD→BRL

Brazil remittance guide

Country profile for sending money TO Brazil — delivery methods, regulations, recipient guidance.

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BRL remittance regulations

BCB regulates inbound remittances. Transfers up to USD 10,000 per month require minimal documentation; larger amounts trigger source-of-funds verification under BCB Resolution 277. The Pix domestic instant rail (launched 2020) has transformed Brazilian payments and is supported by most international providers.

How to send Brazilian Real (BRL)

Use a provider with Pix integration (Wise, Remitly, PayPal Xoom) for instant credit to Brazilian bank accounts.
For bank deposit, Itaú, Banco do Brasil, Bradesco, Caixa, and Nubank are widely supported.
JPY→BRL has dedicated providers (Brastel, BMO Money) due to the large Japanese-Brazilian community.
Cash pickup is available via Western Union and MoneyGram but less common than digital deposit.

Currency facts

ISO 4217: 986
Sub-unit: 100 centavos = 1 real
Central bank: Banco Central do Brasil (BCB)
Daily FX volume: $30 billion/day
Symbol: R$
52-week range (vs USD): 5 – 5.2

Frequently asked questions

Live rates fetched from Wise's public comparison API. For currency conversion mid-rates we display Wise's quoted rate, which has zero markup. Methodology.