1 USD to BRL - US Dollars to Brazilian Reais Exchange Rate (2024)

FAQs

1 USD to BRL - US Dollars to Brazilian Reais Exchange Rate? ›

1 USD = 5.327143 BRL Jun 09, 2024 21:18 UTC.

1 USD = 5.327143 BRL Jun 09, 2024 21:18 UTC.

Up until 2020, one U.S. dollar could buy an increasing amount of Brazilian reals but this trend changed after 2021. As of June 6, 2024, one U.S. dollar was worth approximately 5.26 Brazilian real.

With an average cost of about $55 USD per day, two weeks in Brazil at a moderate budget totals around $770 USD.

Is Brazil Expensive for Tourists? Quick Answer: Yes – Brazil is amongst the top 5 most expensive countries in Latin America – so you'll need to adjust your budget to be able to extend your stay here.

The average salary in Brazil (2023)

According to Salary Explorer, the average salary in Brazil this year is 8,220 Brazilian Real (BRL). By law, the minimum wage is BRL 1,212. Meanwhile, the maximum wage is around BRL 38,200.

Should I bring Reais or US dollars to Brazil? Unlike some other South American countries US dollars are rarely accepted in Brazil. Therefore we recommend you have some reais in cash.

Brazil has implemented a new national minimum wage starting from January 1. The new amount, set at BRL 1,412, represents a 6.97 percent increase compared to the previous wage of BRL 1,320, which was in effect from May to December 2023.

How much USD can you bring into Brazil? ›

Brazil Customs

Foreign Currency: There is no limit on the import of foreign currency. However, if you are carrying more than $1,000 USD, it is mandatory to declare it upon entry into Brazil.

The average monthly rental on a furnished 274 sq m (900 sqe ft) accommodation will cost around R$1,973 (USD $528) rising to R$3,182 ($852) in certain areas.

Plan to tip around 10-15% in Brazillian restaurants. However, the exact tip amount when eating out in Brazil depends on the place, occasion, and order size. It's customary to give your waiter or waitress a slightly higher tip than you would a bartender, as they are likely sharing their tip with the kitchen staff.

How has the real performed so far in 2022? The Brazil real started off the year as one of the best-performing currencies, driven higher by rising commodity markets, renewed interest from investors pulling funds from Russian assets and a sharp rise in Brazil's key interest rate from 2% to 11.75% in just a year.

The USD to BRL exchange rate is forecasted to increase by 2.78% in the next 24 hours, rising from the current rate of R$ 5.30 to R$ 5.45. Currently, the sentiment in the USD/BRL market is estimated to be bullish.

The Brazilian Real is expected to trade at 5.28 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5.36 in 12 months time.