Money exchange - Transferwise vs banks (Rio de Janeiro)
Some of you might already know Transferwise, they´re a London-based startup that aims to conquer de global money exchange market with lower prices and more transparent fees than traditional banks practice.
They just launched BRL, meaning it's now possible to send BRL to USD, EUR, GBP and other currencies. You get the real rate (interbank rate), and they charge a transparent 2% fee (which already includes 0,38% of "IOF").
It has a montly limit of 9.999BRL, but it´s still better than nothing (i transfered some money to Euro yesterday at 3,90 eur/brl).
If you are interested, you can use my link to register and get the first transfer for free (no fees whatsoever, just the plain, real exchange rate!). And i'll get some credit too for my next transfers!
Also, if you have any doubts with the platform i'll be happy to help!