How to send money to Philippines from Brazil with the best BRL-PHP rate

An exchange rate determines the price you will pay when buying Philippine Peso. A better exchange rate means more money sent from Brazil to the Philippines.

The current rate between the Brazilian Real and Philippine Peso is 11.8074, and it changes almost constantly.

Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Brazil to the Philippines.

• The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Philippine Peso for your Brazilian Real. The current BRL-PHP mid-market rate is 11.8074 PHP per Brazilian Real.

• Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Brazilian Real you’re sending to the Philippines. Taptap Send currently is the cheapest option for transfers into PHP costing 0 BRL per transfer. We always recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Philippine Peso is the biggest indicator of the total cost of sending money to the Philippines from Brazil. The bigger the amount received in the Philippines, the lower the overall cost of sending from Brazil.

Understanding the averages, and then waiting a day or two can help you get more PHP for the same amount of Brazilian Real.

A better option is to use a forward contract that also allows you to lock in an agreed exchange rate between Brazil and the Philippines.

A debit card is the payment method that will get you the best price on a transfer from Brazil to the Philippines.

Here are all the ways to send money from Brazil to Philippines:

Bank transfers

Bank transfers are often fastest, cheapest and best way to send money from Brazil to the Philippines.

Using a money transfer company such as Revolut for transfers from Brazil to the Philippines, will mean being able to send money via a bank transfer while benefiting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from Brazil to the Philippines with a debit card or a prepaid card is very simple with Revolut.


Revolut is the cheapest option for sending money with a debit card between Brazil and the Philippines. This is of the 4 money transfer companies offering debit card payments on this route.

Credit cards

When it comes to credit card transfers from Brazil to the Philippines, we recommend comparing your options to get the best deal.

and have different regulations and ensuring you fully understand these regulations will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for money transfers between Brazil and Philippines

Some companies offering money transfers between Brazil and the Philippines have minimum or maximum thresholds on how much you can send or receive.

Rates and fees for different transfer amounts could change - that’s why it’s best to compare BRL-PHP rates for your specific transfer amount. For regular transfers to the Philippines, shopping around each time can make a huge difference.

For sending large amounts of BRL to the Philippines, we’d recommend Wise. They offer a solid combination of rates and fees when sending from Brazil to the Philippines that is the most competitive, even at larger amounts.

There are different options for receiving Philippine Peso in Philippines. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from Brazil to the Philippines will offer every method for incoming Philippine Peso, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from Brazil to Philippines. For most part, this is because it means the recipient has to do very little.

Wise is the best company for bank transfers between Brazil and Philippines.

Mobile wallet or P2P services and payment apps like PayPal, Xoom, and CashApp are popular because of convenience, but they come with more limitations and higher costs compared to money transfer providers like Taptap Send.

When sending Brazilian Real to Philippines, through a money transfer company, you will need to verify your ID at the sign up stage.

The documents you need will vary and in some cases you might need a couple of options.

For the most part, ID can be verified in Brazil through a government issued ID such as a passport or driver's license. If the recipient needs an ID to collect money in the Philippines it will be similar.

Large transactions between Brazil and Philippines, can be subject to additional checks such as proof of funds for anti-money laundering purposes.

One of the reasons Wise has scored so highly for transfers to the Philippines is their easy sign up process in Brazil.

As well as proof of funds, when sending large amounts of money between Brazil and Philippines.

Some transfers into Philippine Peso may need to be reported to tax authorities in the Philippines as well, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in the Philippines based on age, income and a few other elements. When in doubt, please contact a tax professional in Brazil or Philippines to discuss your personal circumstances to ensure you are not missing any specific tax declarations.