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If you are making plans to travel to Brazil in the near future, you may need to exchange some of your money into Brazilian reals, the country’s official currency. The foreign currency symbol is BRL.
As far as terminology is concerned, a unit of BRL is called genuine (written as R$ 1) and the plural is real. In any case, the “r” is pronounced like the English letter “h”, so those words possibly sound like “hello everyone” and “eyes” to a non-Portuguese.
This article covers everything you want to know about converting USD to BRL, and adds where to get the most productive exchange rates and how to pay the highest fees on your conversion.
The calculation of a conversion from dollars to reais is simple. You can perform the conversion using a currency calculator or do it by hand.
Using a currency conversion calculator is the simplest way to get an estimate when converting currencies. Since exchange rates vary daily, using a calculator can ensure that your calculations are correct.
Keep in mind that currency exchange comes with additional payouts that a conversion calculator may not be able to predict. For example, credit card companies and ATM networks generally rate a 1% conversion payment on all foreign transactions. Individual merchants would possibly also qualify for more payments if you ask them to convert the value of an item to their local currency at checkout.
The other option is to perform the calculation manually with an undeniable mathematical formula. However, to do this, you want to know the existing exchange rate. At the time of writing, $1 USD has a value of R$5. 2 BRL.
Once you know this information, multiply the amount you have in USD by the existing exchange rate. The resulting number will tell you how many reais you want to spend on your trip.
Let’s say you have 500 USD and you need to know how many reais you have to travel to Brazil. Using the existing exchange rate, your conversion formula would look like this:
500 US dollars x 5. 2 = 2,600 Brazilian reais
When you’re in a position to buy BRL, it’s a smart idea to plan ahead to make sure you pay the minimum fee. Here are 3 tactics to get the currency you want and minimize the fees you’ll be charged:
Next step: