Make Payments and Receive Payments in BRL - Brazilian Real
Pay in Brazilian Reals (BRL)
Mondial Change allows you to make international payments in BRL (Brazilian Real) with ease. Manage your Brazilian Real beneficiaries, track your transactions in real-time, and enjoy a secure online platform. We do not apply any exchange commission on your BRL operations (a spread is applied to the exchange rate, which slightly degrades the interbank rate on the currency pair traded). Your customer rate is always communicated transparently before the validation of each of your transactions.
Receive Payments in BRL (Brazilian Real)
Mondial Change allows you to receive payments in Brazilian Real (BRL). The receipt of payments in BRL is done through a pool account held by one of our partners. This BRL account is made available to you free of charge. It allows you to receive payments in BRL from your clients or subsidiaries. Once the funds are received in the pool account, they are reconciled in our partner's books and credited to your Brazilian Real (BRL) balance. These funds can be reused to make payments in BRL or they can be converted into EUR or any other currency of your choice and repatriated to your bank account.
Do you want to hedge your exchange risk on the Brazilian Real (BRL)? Check our dedicated page for exchange hedging on the BRL.
Mondial Change Answers All Your Questions About Payments in Brazilian Reals (BRL)
What is the timeframe for a BRL payment to be credited to the beneficiary's account?
It generally takes between 1 and 2 business days for a Brazilian Real transfer to be credited to the beneficiary's account. However, please note that these timeframes are not contractual, and our partners responsible for the execution and routing of payments cannot be held liable if BRL payments are credited beyond 2 business days to the beneficiary's account.
What are the fees for a payment in Brazilian Real (BRL)?
The fees applied to transfers in Brazilian Real (BRL) generally range from 0 to 10 euros, depending on the agreement with Mondial Change's trading room. The rate mainly depends on your annual BRL exchange volume and the number of Brazilian Real payments made during the year.
Are there minimum or maximum amounts for payments in Brazilian Real (BRL)?
Mondial Change and its partners verify that your Brazilian Real flows are consistent with the data declared during account opening and consistent with your activity volume to ensure compliance and security. If there are restrictions on transaction volumes, they will be communicated to you well in advance of the validation of your operations.
What are the specific rules for executing a payment in Brazilian Real (BRL)?
For BRL payments via the SWIFT network, you only need to provide the following information:
• Full name of the beneficiary
• Local account number (4 to 12 digits)
• Branch code consisting of 4 to 5 digits
• Bank code
• CPF or CNPJ number
Is it possible to modify a payment in Brazilian Real (BRL) after it has been executed?
Yes, it is possible with some of our partners to modify a payment in Brazilian Real (BRL) even after it has been sent in SWIFT. If you have, for example, made an error in the beneficiary's name or account number, the correction is made through a SWIFT amendment. If the payment was not executed via the SWIFT network, then it is not possible to make such amendments, and you must wait for the payment to be returned if applicable.
Is the Brazilian Real (BRL) account provided to you a bank account, and is it nominative?
The Brazilian Real (BRL) account for which we provide you with the details is a bank account opened in the name of one of our partners. It is a pool account on which all BRL transfers are received. The reconciliation of funds on your BRL balance is generally done with the reference of your client account. You have a guarantee of segregation of your funds in the books of our partners.
Is it possible to hold Brazilian Reals (BRL) in the BRL account provided to you?
You can use this Brazilian Real (BRL) account to receive Brazilian Reals. The currencies will then be credited to your BRL balance opened in the books of our partner. The funds can then be reused to issue payments in Brazilian Real or be converted into other currencies.
What are the holidays when payments in Brazilian Real (BRL) cannot be executed?
January 1st: New Year's Day (Ano Novo / Confraternização Universal)
Variable date: Carnival (Monday and Tuesday of Carnival)
Variable date: Good Friday (Sexta-feira Santa)
April 21st: Tiradentes Day (Dia de Tiradentes)
May 1st: Labor Day (Dia do Trabalhador)
Variable date: Corpus Christi
September 7th: Independence Day (Dia da Independência)
October 12th: Our Lady of Aparecida (Nossa Senhora Aparecida)
November 2nd: All Souls' Day (Dia de Finados)
November 15th: Proclamation of the Republic (Proclamação da República)
December 25th: Christmas (Natal)
History of the Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, the largest country in South America. As the national currency, the Real is widely used in commercial, financial, and tourist transactions throughout the country. Its currency code BRL is used to facilitate exchanges and international transactions involving Brazil. The Real is subdivided into 100 centavos, which facilitates daily transactions and offers increased flexibility in financial operations. Whether you are a traveler visiting Brazil or an entrepreneur doing business in the country, it is essential to understand the Brazilian Real and be aware of the current exchange rates.
Monetary Policy of the Brazilian Real
The Central Bank of Brazil (Banco Central do Brasil) is the body responsible for the monetary policy of the Brazilian Real (BRL). Its main role is to regulate and supervise the country's financial and monetary system. The fundamental objective of this policy is to maintain price stability and promote sustainable economic growth. To achieve these objectives, the Central Bank closely monitors economic indicators such as inflation, economic growth, exchange rate, and foreign exchange reserves. It uses various instruments, such as setting interest rates and regulating the money supply, to influence the economy and maintain monetary stability. Thanks to a prudent and well-managed monetary policy, the Brazilian Real enjoys a reputation for stability and credibility in national and international markets.
Features of the Brazilian Real
The Brazilian Real (BRL) has unique characteristics that distinguish it from other currencies. Firstly, it is not pegged to another currency, meaning it floats on the foreign exchange market. This flexibility allows the Real to adjust to market fluctuations and adapt to international economic conditions. Moreover, the Real is widely accepted throughout Brazil for payments in stores, restaurants, hotels, and financial transactions. Finally, Brazilian banknotes are equipped with advanced security features to prevent counterfeiting, such as holograms, watermarks, and special inks. This enhanced security ensures the integrity of the currency and strengthens user confidence in the Brazilian financial system.