Brazil to Cayman Islands money transfers compared

The exchange rate determines the price you’ll pay for Cayman Islands Dollar when you send Brazilian Real to Cayman Islands.

The current exchange rate between the Brazilian Real and Cayman Islands Dollar is 0.1439. Wise offers the best exchange.

The BRL-KYD exchange rate is always moving.

It’s possible that waiting a day or two can help you get more KYD for the same amount of Brazilian Real. But, the best way to lock in a price between Brazil and Cayman Islands is by using a forward contract.

A Debit card is our recommended option for money transfers between Brazil and Cayman Islands. Paysend offers the best price on a Debit card.

A Debit card to Cayman Islands through Paysend is 0.9% cheaper than the second-best option in the market.

Always choose providers that are regulated by financial authorities in both Brazil and Cayman Islands to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between Brazil and Cayman Islands.

Some services have minimum or maximum thresholds on how much you can transfer from Brazil to Cayman Islands.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of BRL to Cayman Islands. The combination of rates and fees when sending to Cayman Islands is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Brazil, or entering Cayman Islands. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Cayman Islands. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from Brazil to Cayman Islands will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from Brazil into Cayman Islands Dollar. Wise is the best company for bank transfers between Brazil and Cayman Islands.

And if you need cash right away, check if cash pickup is an option for transfers between Brazil and Cayman Islands.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Paysend.

When signing up to a money transfer company to send between Brazil and Cayman Islands, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in Brazil this will be a government ID like a passport or driver's license. In Cayman Islands it will be a similar set of documents, although this should only be needed if you are opening a new account in Cayman Islands, or collecting in cash.

Big transactions between Brazil and Cayman Islands, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in Brazil.

When sending large amounts of money between Brazil and Cayman Islands there will be tax implications to consider.

Some transfers into Cayman Islands Dollar may need to be reported to tax authorities in Cayman Islands, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in Cayman Islands based on age, income and a few other elements. When in doubt, please contact a tax professional in Brazil or Cayman Islands to discuss your personal circumstances.