What is the best Send Money conversion rate for USD to BRL?
The best USD to BRL exchange rate is 5.9022 from Wise. This is -0.65% compared to the mid-market rate 5.9408.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Brazilian real (BRL) rates from different sources before making a conversion.
How do USD-BRL rates compare between providers?
Looking at our comparison table the best USD to BRL exchange rate is 5.9022 from Wise, -0.65% from the mid-market rate 5.9408. The next best rate is 5.8695104 from , -1.2% from the mid-rate. WorldRemit with 5.7982 is -2.4% from the mid-rate.
The Western Union rate is 5.8457 which is -1.6% from the mid-rate.
Among the banks, the Citibank rate is 5.7804 at -2.7%, the Chase Bank rate is 5.5428 at -6.7%, and the Wells Fargo Bank rate is 5.5071 at -7.3% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The Dollar to Real comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest USD-BRL mid-rate (see Market Data below ) and the possible savings of using various providers.