What is the currency of Brazil? What is the exchange rate? Where should I change my currency? Can I use a debit or credit card? Should I bring travelers checks?
Brazil's currency is the real ($R and BRL). The exchange rate can be found here http://www.xe.com/?c=BRL
Do not arrive in Brazil without any cash as ATM machines can be down or fail to accept your card. It is wise to check with your bank ahead of time to confirm that your card will work overseas. Debit and credit cards are becoming more acceptable at major stores; however, they are still not accepted as widely as in your home country.
Credit card fraud is an issue in Brazil. Do not use your cards at any smaller or non-reputable locations. Information is often stolen and used fraudulently and paying with a credit card can allow thieves to access your information. For this reason, IFRE suggests cash and travelers checks for payment. Actually paying a bill with traveler's checks can be a challenge, but you will be able to exchange them at local banks. Traveler's checks are recommended as a safe way to carry money with you, make sure you write down the check numbers and contact information you need to cancel stolen checks. Different brands of traveler's checks work better in different countries so consult your local financial institution regarding your currency plan when traveling to Brazil.
How much money you bring depends on your personal spending habits. Thrifty people can get by on less than $10/day. Your budget should also include money to explore during free time as well as for your personal use. A good rule of thumb for money management is the 1/3 method, bring 1/3 cash, 1/3 traveler's check and leave 1/3 of your money in your account - plus a credit card for emergencies.
The mission of IFRE Volunteers is to offer the most affordable as well as the highest quality volunteer and humanitarian abroad experiences - enabling us to make a contribution for all of humanity in its quest to make the world a better place. Through our volunteer and humanitarian trips abroad, we aim to spread love and compassion worldwide while improving the lives of destitute children and less-fortunate communities. We at IFRE also seek sustainable solutions in the fields of education, healthcare, conservation efforts and development issues through international volunteering.
