About BRL and USD
The Brazilian real has experienced devaluation over the last 20 years after it threatened to overpower the US dollar back in 1994. This was due to the oil scandal that hit the state back then. Despite this, it is still a robust currency and a major player in the foreign market today.
This is evident from the various money transfer services that have made remittance easier between these two countries. With the current reports showing an increased activity between the Brazil and US exchange market corridor, you can never run out of options when it comes to transferring money from Brazil to US
The best way to send money from Brazil to US
Sending money from Brazil to US can be done in simple and quick steps. Nevertheless, some Brazilians may find trouble when trying to send money to the US as most people do not know the best ways to do it.
After knowing that there are several options available that can make your money reach the US from Brazil in the shortest time possible, you can be spoilt of choices when trying to settle on one. Some of these are:
We cannot talk about making international transfers without talking about banks. Transferring cash to banks of the same organization can make your transfer relatively cheap as compared to sending money to different banks.
If you want affordable rates, then you have to try online services like Travelex, Western Union, and Skrill. You can never go wrong with their agents as they convey your money in a fast and safe manner.
Money transfer agents
If you prefer affordable rates coupled up with quick transfer speeds, convenience, and excellent support services, then make a stop at money transfer services. They never fail when it comes to delivery. You can expect quality services from money transfer agents like XE Money, World Remit and Transfer Wise.
Important factors to consider when sending money from Brazil to US
Sending money from to Brazil to US can be a smooth process if you keep the following 4 things in mind:
There is no point in paying high transfer fees if a related transfer agent is offering similar services at better rates. To benefit from this strategy, you have to do your research and find the right solution for you. Exchange Rate IQ has already done it for you.
The speed of transfer is really important and for many people, it is the deciding factor when it comes to choosing the best way to send money from Brazil to US. Still, it all comes to which service provider is offering the best transfer speeds while still giving the same services as their competitors.
BRL to USD exchange rates
Timing is key when looking at the exchange rates. This is because the exchange rates usually change often due to various underlying factors such as the economic and political conditions of a state. You can compare exchange rates easily and get the most updated rates here at Exchange Rate IQ.
Safety, safety, safety! This is money we are talking about and there is nothing as painful as losing your money to fraudsters. Always look at the security measures taken by various providers and make sure that they meet your standards. Agents like XE Money will prove superior at this.