How to send money to Morocco from Brazil with the best BRL-MAD rate

Regency FX is the cheapest way to send money from Brazil to Morocco. Sending R$40,000 will get your recipient 73,561.85 MAD in minutes - 24 hours.

With Regency FX, deposit via bank transfer and withdraw in bank deposit to get the most MAD in Morocco.

Best companies for BRL/MAD transfers

5 of 5 providers

Last updated on 28 October 2026

Based on 40,000 BRL transfer

Best companies for BRL/MAD transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee R$3,528.20 1 BRL = 1.8450 MAD -0.05% vs mid-market Recipient gets MAD 67,289.01 Same day
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Morocco with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
R$3,528.201 BRL = 1.8450 MAD
MAD 67,289.01You payR$40,000.00
Promoted

Regency FX

Pay via Bank transfer
Fee R$0.00 1 BRL = 1.8390 MAD +0.27% vs mid-market Recipient gets MAD 73,561.85 Minutes - 24 hours
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Morocco with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 BRL = 1.8390 MAD
MAD 73,561.85You payR$40,000.00

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Showing top Brazil to Morocco deals for 40,000 BRL. Do a live search with your exact amount for today's best rates.
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Regency FX

Pay via Bank transfer
Fee R$0.00 1 BRL = 1.8390 MAD +0.27% vs mid-market Recipient gets MAD 73,561.85 Minutes - 24 hours
Cheapest
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in Morocco with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 BRL = 1.8390 MAD
MAD 73,561.85You payR$40,000.00

TapTap Send

Pay via Debit card
Fee R$0.00 1 BRL = 1.8300 MAD +0.76% vs mid-market Recipient gets MAD 73,200.00 Minutes
Fastest
Receive to bank account

Ways to receive money in Morocco with TapTap Send when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes
Free1 BRL = 1.8300 MAD
MAD 73,200.00You payR$40,000.00
Mobile moneyMinutesAvailable via:DamaneCash, Orange
Free1 BRL = 1.8300 MAD
MAD 73,200.00You payR$40,000.00
Cash pickupMinutesAvailable via:Al Barid Bank, Barid Cash, Cash Plus, Wafacash
R$9.501 BRL = 1.8300 MAD
MAD 73,200.00You payR$40,009.50
Mobile walletMinutesAvailable via:LanaCash
R$9.501 BRL = 1.8300 MAD
MAD 73,200.00You payR$40,009.50
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee R$60.00 1 BRL = 1.8191 MAD +1.36% vs mid-market Recipient gets MAD 72,654.93 Same day
Multi-currency cardReceive to bank account

Ways to receive money in Morocco with Revolut when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositSame day
R$60.001 BRL = 1.8191 MAD
MAD 72,654.93You payR$40,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Pricing based on Revolut Standard plan

Revolut

Pay via Debit card
Fee R$327.50 1 BRL = 1.8191 MAD +1.36% vs mid-market Recipient gets MAD 72,168.32 Within minutes
Multi-currency cardReceive to bank account

Ways to receive money in Morocco with Revolut when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
R$327.501 BRL = 1.8191 MAD
MAD 72,168.32You payR$40,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

$0 fee on first online transfers

MoneyGram

Pay via Pix
Fee R$0.00 1 BRL = 1.7970 MAD +2.58% vs mid-market Recipient gets MAD 71,880.00 Minutes - 24 hours

Ways to receive money in Morocco with MoneyGram when paying by pix.

MethodFee & ratesRecipient gets
Cash pickupMinutes - 24 hours
Free1 BRL = 1.7970 MAD
MAD 71,880.00You payR$40,000.00
Bank depositMinutes - 24 hoursAvailable via:BMCE Bank, All Banks
Free1 BRL = 1.7970 MAD
MAD 71,880.00You payR$40,000.00

Wise

Pay via Bank transfer
Fee R$3,528.20 1 BRL = 1.8450 MAD -0.05% vs mid-market Recipient gets MAD 67,289.01 Same day
Recommended
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Morocco with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
R$3,528.201 BRL = 1.8450 MAD
MAD 67,289.01You payR$40,000.00

Wise

Pay via Pix
Fee R$3,528.20 1 BRL = 1.8450 MAD -0.05% vs mid-market Recipient gets MAD 67,289.01 Same day
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in Morocco with Wise when paying by pix.

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
R$3,528.201 BRL = 1.8450 MAD
MAD 67,289.01You payR$40,000.00
How Our Results Work
Mid-market rate: 1 BRL = 1.8440 MAD Updates every 60 minutes.

How to send money from Brazil to Morocco

Pick a company

Start with the cheapest, which is Regency FX at 73,561.85 MAD for a R$40,000 transfer.

Regency FX was the cheapest on 30 of the 30 days it quoted R$40,000 transfers to Morocco.

The IOF is the same whichever company you pick, so it's about the exchange rate markup and the fees.

Fund your transfer

You have 3 ways to pay, including bank transfer, debit card, and pix.

Verify and send

You'll need your CPF and a photo ID to register and verify your account.

Once that's done, you can send money to Morocco.

Compare amounts

How much BRL are you sending to Morocco?

How much BRL you send to Morocco heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Regency FX was the cheapest in 100% of the transfers from R$40,000 it quoted, and in 100% of all the transfers it quoted.

Cheapest service
R$1,0000.20%R$0.00MAD 1,840.00with pix to bank deposit+MAD 83.05
R$5,0000.20%R$0.00MAD 9,200.00with pix to bank deposit+MAD 295.36
R$10,0000.21%R$0.00MAD 18,400.00with pix to bank deposit+MAD 605.72
R$40,000This page0.27%R$0.00MAD 73,561.85with bank transfer to bank deposit+MAD 2,412.83
R$50,0000.27%R$0.00MAD 91,947.12with bank transfer to bank deposit+MAD 3,004.03
R$100,0000.27%R$0.00MAD 183,897.73with bank transfer to bank deposit+MAD 5,987.47

Mid-market rate: 1 BRL = 1.8440 MAD

BRL/MAD Exchange Rate History

Is today a good time to send money from Brazil to Morocco?

The cheapest way to send BRL to MAD can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Regency FX), across 30 days of comparisons for 40,000 BRL transfers to Morocco.

MAD received for R$40,000, after fees

Wed, Oct 28, 2026Mid-market rateMAD 73,761.00 Regency FX MAD 73,561.85Regency FXMAD 73,561.85TapTap SendMAD 73,200.00RevolutMAD 72,654.93

65,000
70,000
75,000
80,000
85,000
At the mid-market rateWith the cheapest optionRegency FXTapTap SendRevolut
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.8449 – MAD 73,797.84
Regency FX Cheapest 1.8400 R$0.00 MAD 73,598.59 −MAD 199.25
TapTap Send 1.8300 R$0.00 MAD 73,200.00 −MAD 597.84
Revolut 1.8292 R$60.00 MAD 73,058.64 −MAD 739.20
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.8626 – MAD 74,505.80
Regency FX Cheapest 1.8576 R$0.00 MAD 74,304.63 −MAD 201.17
TapTap Send 1.8400 R$0.00 MAD 73,600.00 −MAD 905.80
Revolut 1.8286 R$60.00 MAD 73,036.18 −MAD 1,469.62
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.8771 – MAD 75,083.24
Regency FX Cheapest 1.8720 R$0.00 MAD 74,880.52 −MAD 202.72
TapTap Send 1.8600 R$0.00 MAD 74,400.00 −MAD 683.24
Revolut 1.8454 R$60.00 MAD 73,704.92 −MAD 1,378.32
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.8760 – MAD 75,038.04
Regency FX Cheapest 1.8709 R$0.00 MAD 74,835.44 −MAD 202.60
TapTap Send 1.8600 R$0.00 MAD 74,400.00 −MAD 638.04
Revolut 1.8564 R$60.00 MAD 74,146.24 −MAD 891.80
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9079 – MAD 76,314.56
Regency FX Cheapest 1.9027 R$0.00 MAD 76,108.51 −MAD 206.05
Revolut 1.8838 R$60.00 MAD 75,237.98 −MAD 1,076.58
TapTap Send 1.8600 R$0.00 MAD 74,400.00 −MAD 1,914.56
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9025 – MAD 76,098.88
Regency FX Cheapest 1.8973 R$0.00 MAD 75,893.41 −MAD 205.47
TapTap Send 1.8900 R$0.00 MAD 75,600.00 −MAD 498.88
Revolut 1.8838 R$60.00 MAD 75,237.98 −MAD 860.90
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9004 – MAD 76,014.24
Regency FX Cheapest 1.8952 R$0.00 MAD 75,809.00 −MAD 205.24
Revolut 1.8943 R$60.00 MAD 75,659.86 −MAD 354.38
TapTap Send 1.8800 R$0.00 MAD 75,200.00 −MAD 814.24
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9929 – MAD 79,714.92
Regency FX Cheapest 1.9875 R$0.00 MAD 79,499.69 −MAD 215.23
Revolut 1.9784 R$60.00 MAD 79,018.00 −MAD 696.92
TapTap Send 1.9700 R$0.00 MAD 78,800.00 −MAD 914.92
Exchange rateFeeRecipient getsDifference
Mid-market rate 2.0000 – MAD 79,998.88
Regency FX Cheapest 1.9946 R$0.00 MAD 79,782.88 −MAD 216.00
TapTap Send 1.9900 R$0.00 MAD 79,600.00 −MAD 398.88
Revolut 1.9809 R$60.00 MAD 79,118.31 −MAD 880.57
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9851 – MAD 79,402.60
Regency FX Cheapest 1.9797 R$0.00 MAD 79,188.21 −MAD 214.39
TapTap Send 1.9700 R$0.00 MAD 78,800.00 −MAD 602.60
Revolut 1.9668 R$60.00 MAD 78,553.98 −MAD 848.62
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9792 – MAD 79,169.20
Regency FX Cheapest 1.9739 R$0.00 MAD 78,955.44 −MAD 213.76
TapTap Send 1.9700 R$0.00 MAD 78,800.00 −MAD 369.20
Revolut 1.9552 R$60.00 MAD 78,092.02 −MAD 1,077.18
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9703 – MAD 78,813.00
Regency FX Cheapest 1.9650 R$0.00 MAD 78,600.20 −MAD 212.80
TapTap Send 1.9600 R$0.00 MAD 78,400.00 −MAD 413.00
Revolut 1.9346 R$60.00 MAD 77,267.25 −MAD 1,545.75
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9703 – MAD 78,813.00
Regency FX Cheapest 1.9650 R$0.00 MAD 78,600.20 −MAD 212.80
TapTap Send 1.9600 R$0.00 MAD 78,400.00 −MAD 413.00
Revolut 1.9349 R$60.00 MAD 77,281.04 −MAD 1,531.96
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9676 – MAD 78,703.76
Regency FX Cheapest 1.9623 R$0.00 MAD 78,491.26 −MAD 212.50
TapTap Send 1.9500 R$0.00 MAD 78,000.00 −MAD 703.76
Revolut 1.9373 R$60.00 MAD 77,376.31 −MAD 1,327.45
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9439 – MAD 77,754.44
Regency FX Cheapest 1.9386 R$0.00 MAD 77,544.50 −MAD 209.94
TapTap Send 1.9300 R$0.00 MAD 77,200.00 −MAD 554.44
Revolut 1.9292 R$60.00 MAD 77,051.35 −MAD 703.09
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9410 – MAD 77,640.68
Regency FX Cheapest 1.9358 R$0.00 MAD 77,431.05 −MAD 209.63
Revolut 1.9352 R$60.00 MAD 77,290.00 −MAD 350.68
TapTap Send 1.9300 R$0.00 MAD 77,200.00 −MAD 440.68
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9510 – MAD 78,040.68
Regency FX Cheapest 1.9457 R$0.00 MAD 77,829.97 −MAD 210.71
TapTap Send 1.9400 R$0.00 MAD 77,600.00 −MAD 440.68
Revolut 1.9329 R$60.00 MAD 77,201.49 −MAD 839.19
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9226 – MAD 76,903.96
Regency FX Cheapest 1.9174 R$0.00 MAD 76,696.32 −MAD 207.64
TapTap Send 1.9100 R$0.00 MAD 76,400.00 −MAD 503.96
Revolut 1.8959 R$60.00 MAD 75,722.14 −MAD 1,181.82
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9209 – MAD 76,836.80
Regency FX Cheapest 1.9157 R$0.00 MAD 76,629.34 −MAD 207.46
TapTap Send 1.9100 R$0.00 MAD 76,400.00 −MAD 436.80
Revolut 1.9036 R$60.00 MAD 76,028.55 −MAD 808.25
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9209 – MAD 76,836.80
Regency FX Cheapest 1.9157 R$0.00 MAD 76,629.34 −MAD 207.46
TapTap Send 1.9100 R$0.00 MAD 76,400.00 −MAD 436.80
Revolut 1.9036 R$60.00 MAD 76,028.55 −MAD 808.25
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9245 – MAD 76,981.00
Regency FX Cheapest 1.9193 R$0.00 MAD 76,773.15 −MAD 207.85
TapTap Send 1.9100 R$0.00 MAD 76,400.00 −MAD 581.00
Revolut 1.9086 R$60.00 MAD 76,227.61 −MAD 753.39
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9408 – MAD 77,630.20
Regency FX Cheapest 1.9355 R$0.00 MAD 77,420.60 −MAD 209.60
TapTap Send 1.9300 R$0.00 MAD 77,200.00 −MAD 430.20
Revolut No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9469 – MAD 77,877.60
Regency FX Cheapest 1.9417 R$0.00 MAD 77,667.33 −MAD 210.27
TapTap Send 1.9300 R$0.00 MAD 77,200.00 −MAD 677.60
Revolut 1.9323 R$60.00 MAD 77,177.95 −MAD 699.65
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9536 – MAD 78,145.32
Regency FX Cheapest 1.9484 R$0.00 MAD 77,934.33 −MAD 210.99
TapTap Send 1.9400 R$0.00 MAD 77,600.00 −MAD 545.32
Revolut 1.9261 R$60.00 MAD 76,927.56 −MAD 1,217.76
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9418 – MAD 77,670.08
Regency FX Cheapest 1.9365 R$0.00 MAD 77,460.37 −MAD 209.71
TapTap Send 1.9300 R$0.00 MAD 77,200.00 −MAD 470.08
Revolut 1.9284 R$60.00 MAD 77,019.03 −MAD 651.05
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9769 – MAD 79,074.32
Regency FX Cheapest 1.9715 R$0.00 MAD 78,860.82 −MAD 213.50
TapTap Send 1.9600 R$0.00 MAD 78,400.00 −MAD 674.32
Revolut 1.9493 R$60.00 MAD 77,854.92 −MAD 1,219.40
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9769 – MAD 79,074.32
Regency FX Cheapest 1.9715 R$0.00 MAD 78,860.82 −MAD 213.50
TapTap Send 1.9600 R$0.00 MAD 78,400.00 −MAD 674.32
Revolut 1.9361 R$60.00 MAD 77,328.63 −MAD 1,745.69
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.9691 – MAD 78,765.00
Regency FX Cheapest 1.9638 R$0.00 MAD 78,552.33 −MAD 212.67
TapTap Send 1.9500 R$0.00 MAD 78,000.00 −MAD 765.00
Revolut 1.7131 R$60.00 MAD 68,421.03 −MAD 10,343.97
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.8320 – MAD 73,279.48
Regency FX Cheapest 1.8270 R$0.00 MAD 73,081.63 −MAD 197.85
TapTap Send 1.8200 R$0.00 MAD 72,800.00 −MAD 479.48
Revolut 1.8056 R$60.00 MAD 72,117.11 −MAD 1,162.37
Exchange rateFeeRecipient getsDifference
Mid-market rate 1.8440 – MAD 73,761.00
Regency FX Cheapest 1.8390 R$0.00 MAD 73,561.85 −MAD 199.15
TapTap Send 1.8300 R$0.00 MAD 73,200.00 −MAD 561.00
Revolut 1.8191 R$60.00 MAD 72,654.93 −MAD 1,106.07

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send R$40,000, after fees, as quoted by each company. The mid-market line shows what R$40,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more MAD per BRL than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of MAD on every transfer from Brazil.

Right now, Regency FX pays 73,561.85 MAD on 40,000 BRL, which is 199.15 MAD less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 79,782.88 MAD.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Morocco.

We've tracked 138 comparisons to check how often today's top companies were the cheapest across 6 amounts over the past month.

  1. Regency FXAppeared in 62 comparisons

    Cheapest every time

  2. TapTap SendAppeared in 138 comparisons

    Cheapest in 21% of them

  3. RevolutAppeared in 126 comparisons

    Cheapest in 4% of them

Based on 138 comparisons across 6 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Regency FX is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.

TapTap Send (today's second cheapest) was the cheapest in only 21% of its comparisons, so it's rarely the cheapest option for transfers to Morocco.

Ways to send money from Brazil to Morocco

There are 6 ways to send money to Morocco across 5 money transfer companies.

For everyday transfers

Online transfers

For most transfers from Brazil to Morocco, money transfer companies like TapTap Send are the cheapest way.

You can fund an online transfer with bank transfer, debit card, and pix.

TapTap Send charges R$0 and adds 0.76% markup when sending R$40,000, this will get you 73,200 MAD in Morocco.

In our comparisons over the past month, it was the cheapest online service on 26 of the 30 days it quoted.

For property and other large transfers

Currency brokers

Brokers are best for large transfers, they will negotiate a better BRL/MAD rate, handle the paperwork, and guide you over the phone.

Regency FX converts BRL to MAD with an exchange-rate markup of around 0.27%.

I'd suggest , since the rate gets better the more you send.

Our analysis shows Regency FX was the cheapest broker in 100% of the transfers from R$40,000 it quoted.

For receiving cash in Portugal

Cash pickup

If your recipient in Morocco needs cash, you can do it with MoneyGram.

Sending R$40,000 will get you DH71,880 after the fees with MoneyGram.

Your recipient will collect cash at the nearest MoneyGram branch in Morocco.

Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.

Holding AUD and other currencies

Multi-currency accounts

Revolut lets you hold, convert, and spend BRL and MAD from one account.

Swapping R$40,000 with Revolut will get you 72,654.93 MAD after all fees.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

You can then spend it in Morocco or Brazil and receive MAD payments.

For freelancers & businesses

Global accounts

Global accounts like Airwallex, Wise Business, and Payoneer help with international MAD payments, invoicing, receiving payments, and more.

These are great for Brazilian businesses and freelancers, but not personal transfers.

Ways to fund BRL and receive MAD in Morocco

With Regency FX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending R$40,000 gives your recipient 73,561.85 MAD.

For paying for your transfer, you have bank transfer, debit card, and pix.

You can fund the transfer with Pix

You can use Pix as a funding method, but it can’t send BRL to Morocco directly.

Scan the company's QR code or copy its Pix key, then approve R$40,000 in your Brazilian banking app.

For withdrawals in Morocco, they can get it as bank deposit, cash pickup, mobile money, and mobile wallet.

IOF can apply when you convert and send BRL abroad, so double check the tax shown before you send.

  1. 1
    Bank transfer Bank deposit

    You pay R$40,000.00

    DH73,562

    Cheapest

  2. 2
    Debit card Bank deposit

    You pay R$40,000.00

    DH73,200

    -DH362

  3. 3
    Debit card Mobile money

    You pay R$40,000.00

    DH73,200

    -DH362

  4. 4
    Debit card Cash pickup

    You pay R$40,009.50

    DH73,200

    -DH362

  5. 5
    Debit card Mobile wallet

    You pay R$40,009.50

    DH73,200

    -DH362

Show moreShow less
  1. 6
    Pix Cash pickup

    You pay R$40,000.00

    DH71,880

    -DH1,682

  2. 7
    Pix Bank deposit

    You pay R$40,000.00

    DH71,880

    -DH1,682

Consider this when sending BRL to Morocco

Brazilian transfer quotes should show the tax, fee and exchange rate. The easiest way to compare them is through the VET, then check whether the payment is a transfer of your own money or a gift.

Compare BRL/MAD transfer options

For a R$40,000 payment to Morocco, I suggest starting with these:

Cheapest:

Regency FX, funded by bank transfer with bank deposit in Morocco. Your recipient gets 73,561.85 MAD, which is 0.49% more than the next best option.

Fastest:

TapTap Send, paid by debit card with bank deposit for the payout. It delivers 73,200 MAD in minutes.

Pix can fund but not send

Pix can be used to deposit BRL from your bank to the transfer company's Brazilian account, but it cannot send money directly to Morocco.

The company then switches to local rails or uses an internal network of accounts to move BRL to Morocco.

A gift can have a separate state tax

Moving your own money and making a gift are not treated the same.

A gift may fall under ITCMD, which is set and collected by the relevant Brazilian state.

The rate, exemption and filing process depend on the state and the facts of the gift.

Check this before sending a large amount to family, particularly when the sender, recipient or estate has links to different states.

Use a company authorised for câmbio

The Banco Central do Brasil says an authorised institution or its correspondent should explain the required documents and provide the VET.

If in doubt, check the institution's legal name with the Banco Central before sending.

Reclame Aqui can show service problems, but it does not replace the regulatory check.

How we analyse the market

We track 5 authorised companies sending BRL to Morocco, updated in real time during live comparisons.

The IOF is identical whoever you pick, so we compare on the spread and the all-in rate, plus the ways to pay and collect.

In the past 30 days alone, we analysed 138 comparisons across 6 amounts.

This page covers the cheapest and fastest options for BRL/MAD transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Each goes through our review. More on who we are, why you can trust us and how to get started.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.