Tourism Dollar Reaches R$5.11 in São Paulo; Euro up to R$5.75; Pound at R$6.71
RIO DE JANEIRO, BRAZIL – For anyone traveling and looking to buy foreign currency at exchange brokers, the value is much higher than the commercial dollar rate quoted by Brazil’s Central Bank.
In exchange houses in São Paulo, the dollar in cash cost R$4.89 yesterday, including IOF (Tax on Financial Operations). For anyone buying with a prepaid card, the price is even higher: R$5.11.
For someone buying euros in cash the prices reach R$5.49, and R$5.75 in the prepaid card, while the pound sterling costs R$6.49 to buy in cash, and R$ 6.71 in the prepaid card.
The price is always higher for tourists than what is reported in the commercial exchange. The value of the dollar reported daily by the press refers to the commercial dollar, which costs less than the exchange houses dollar. The same goes for the euro.
Source: UOL
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