How to send Euro to Brazilian Real

While we all know what currency exchange rates are, few understand what stands behind them and what factors influence them. However, currency fluctuations can be a powerful tool for investing, making a profit, and taking care of your loved ones abroad. Learn to use that tool to your advantage to make savings and treat your family more.

If you're someone living in Europe and sending funds to Brazil, you're more likely to pay attention to what exchange rates banks and money transfer services offer. Today, we're taking a deep dive into the world of cross-currency transactions. Let's embark on the journey of finding the best service with the most beneficial euro-to-Brazilian real currency exchange rate.

Converting EUR to BRL: main challenges

Brazilians in Europe face the challenge of navigating cross-currency transfers when sending money back home. Indeed, converting EUR to BRL can sometimes feel like rocket science. We've gathered some of the most common issues while converting euros to Brazilian real. In this article, we'll share a one-platform solution for these challenges. Stay tuned to discover what it is and maximise your experience transferring from euros to Brazilian reais.

1. Exchange rate volatility: The exchange rate can change frequently due to economic conditions, political events, and market speculation. As a result, senders find it challenging to predict the exact amount of reais that will reach the recipient when they transfer euros.

2. Hidden fees and conditions: Many services and banks charge hidden fees and commissions and impose unfavourable exchange rates when converting euros to Brazilian reais. This reduces the amount received in Brazilian real. The lack of transparency should be considered a red flag when making euro-to-Brazilian-real transactions.

3. Process complexity: Transferring money from euros to Brazilian reais can be complicated and confusing. Let's say you're used to supporting your mom in Brazil by simply handing her some cash. But once you’ve moved to Europe, you need to explore unfamiliar options for cross-currency remittances. With so many options available on the market, it’s easy to start feeling lost.

4. Currency conversion costs: Converting euros to reais typically incurs currency conversion costs, which can further erode the value of the transferred funds. Senders may be charged a percentage-based fee, a flat transaction fee, or a markup on the exchange rate. It's essential for senders to compare fees and exchange rates across different transfer options to minimise costs and maximise the amount received by the recipient.

EUR to real dynamics

Looking at the euros to reais dynamics over the last ten years, it becomes crystal clear they have experienced quite dramatic fluctuations. In June 2024, we expect the range of 5.334-5.556 BRL per euro. Within a year's time, this marker is predicted to be 5.423-5.589 BRL per euro. You might be wondering why such large EUR to BRL fluctuations occur. Here are a few main reasons:

• Economic indicators like GDP growth, inflation rates, and employment levels in both the Eurozone and Brazil play a significant role in shaping the exchange rate. Stronger economic performance in one region compared to the other can result in currency appreciation.

• Decisions taken by Central Banks, such as adjustments in interest rates, implementation of monetary stimulus programs, and interventions in the foreign exchange market, have a direct impact on currency values and the dynamics of exchange rates.

• Political uncertainty or instability can lead to currency depreciation, while stability may support currency appreciation. The trade balance between the Eurozone and Brazil, including import and export volumes, influences the demand for euros and Brazilian reais.

• Short-term fluctuations in the EUR to BRL exchange rate are often driven by market sentiment, speculation, and investor perceptions of future economic conditions.

Paying attention to EUR to real rates can save you money

Building wealth is not only about making money but also about being intentional about how you spend it. Many of us regularly support our families financially. Now, paying extra conversion costs on top of fees once won't make a huge difference. But imagine getting charged extra every time you transfer euros to Brazilian reais. It could end up costing hundreds of euros every year. That's why finding the right transfer option is essential for preventing potential financial losses.

By keeping track of EUR to real exchange rates, you can plan your budget and make the fluctuations work in your favour. For example, if you have a mortgage back in Brazil, choosing a service with the most beneficial rate will bring more value for your money. As an added bonus to covering your monthly mortgage payment, you can send the remaining amount to loved ones in Brazil, making their day brighter. It’s a win-win situation!

How to save money on EUR to BRL transfers

As you may have figured, paying attention to exchange rates when you send euros to Brazil is key. But how do you find the most beneficial money transfer service? At first glance, companies may seem to offer almost identical euro to Brazilian real transfer rates. But those who often send money online know that the final amount your recipient gets is subject to many influences. Here's an example: a bank offers you what seems to be a favourable euro to Brazilian real rate. What you don't know is that the bank will also charge you hidden commissions and conversion fees, resulting in your recipient in Brazil receiving a far lesser amount.

Security is another point to consider when choosing a company to transfer euros to Brazil with. You may wonder how this is related to saving money. Let us explain. Unethical, unlicensed services might lure you in with attractive rates or lower fees. You're not doing yourself a favour buying into their offer—quite the opposite. You're risking your money and data by believing in too good to be true euros to reais deals from an unlicensed company. So, this is rule number one—always go for reliable services. And today, we have a recommendation just for you.

Why you should send euros to Brazil with Profee

Profee is a licensed European company offering a beneficial euros to Brazilian reais exchange rate. The safety of your money and data is 100% guaranteed by:

• EMI licence—Profee follows the provisions of the EU regulations;
• Annual certification in accordance with PCI DSS security standards;
• Tier4 data centres for ensuring maximum resilience and protection;
• Strong Anti Fraud department;
• Established risk management and monitoring systems;
• Authentication Security.

Using our service, you can make hassle-free cross-currency transfers from Europe to over 65 destinations worldwide. Here’s what we offer for your euros to reais remittances:

• The best EUR to real exchange rate;
• Promo exchange rate for your first transfer, boosting the euro to Brazilian real value even further;
• No commission for all transfers;
• Super fast delivery via Pix;
• We operate online. Support loved ones in a few taps without having to leave the house;
• No hidden fees—enjoy absolute transparency with every transaction.

How to send money from Europe to Brazil via Profee

Sending euros and receiving Brazilian reals has never been easier and smoother. Transfer money via the Profee website or through the app available on iOS and Android. Even if you’re not experienced with technology, our intuitive, easy-to-navigate interface will provide a hassle-free client experience.

• In the online calculator, enter the transfer amount and choose Brazil as your destination country;
• Our smart monitoring system will offer you the most beneficial exchange rate on the market. We display upfront how much your recipient will get in Brazilian real.
• Sign up for an account;
• Enter your transfer details, such as your bank card or account information or other payment methods available;
• Select Pix as a delivery option;
• Enter your recipient’s details: name, CPF (Cadastro de Pessoas Físicas), and Brazil's tax identification number;
• Double-check the details;
• Confirm the transfer. All done! The money is already on the way.

Creating a Profee account is quick and straightforward. You’ll need to submit your name, email, country of citizenship, and European address and verify your phone number. We require only the basic information according to EU regulations—no excessive paperwork and long processing times.

Thanks to Pix, our transfers to Brazil are delivered almost instantly. No more waiting several days for your recipient to get the money. Treat your loved ones back home with fast and secure Profee transfers at the most beneficial exchange rate.

How to earn money with Profee

To make your Profee experience even more fun, we’ve created a Referral programme. Share your referral link and get 10 EUR for each new referee. Here’s how it works:

• Copy your referral link;
• Send it to a friend;
• Wait till they sign up using your link and make their first transfer of at least EUR 100;
• Once it’s done, we’ll send 10 EUR to your account and 5 EUR to your friend’s account;
• Repeat the procedure as often as you’d like and earn without limits.

Get a taste of Profee cross-currency transfers today. Support your friends and family in Brazil with our remittances at the most beneficial exchange rate. Take advantage of no fees, fast Pix delivery, and security.