How to send money to Ecuador from Brazil with the best BRL-USD rate

The exchange rate determines the price you will pay when buying US Dollar.

A better exchange rate means more money being sent to Ecuador.

If you are paying for services in US Dollar from Brazil, this can make a huge difference.

The current rate between the Brazilian Real and US Dollar is 0.185.

We should note, BRL-USD exchange rate changes almost constantly.

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

You can also use a forward contract to lock in an agreed exchange rate between Brazil and Ecuador.

Using a bank transfer to send via money transfer company is the payment method that will get you the best price when sending from Brazil to Ecuador.

On average a bank transfer to Ecuador is 2.24% cheaper than the second-best option in the market.

Ensuring you fully understand regulations in Brazil and Ecuador will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for sending money between Brazil and Ecuador.

Some companies offering money transfers between Brazil and Ecuador 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-USD rates for your specific transfer amount.

For regular transfers to Ecuador, shopping around each time can make a huge difference.

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

There are different options for receiving US Dollar in Ecuador.

The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all companies offering transfers from Brazil to Ecuador will offer every method for incoming US Dollar, so it’s best to check ahead of time.

Again, a comparison of BRL to USD providers will tell you if the method for receiving is supported.

One of the most common ways to transfer money from Brazil into Ecuador is by sending directly to a bank account. Wise is the best company for bank transfers between Brazil and Ecuador.

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

P2P services and payment apps like PayPal, Xoom, and CashApp are popular because of convenience but are better for domestic transfers. For receiving international payments they come with more limitations and higher costs compared to money transfer options like multi-currency accounts.

If using a money transfer company to send US Dollars to Ecuador, 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 more than one.

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 Ecuador, it will be similar.

Large transactions between Brazil and Ecuador, can be subject to additional checks. This includes proof of funds for anti-money laundering purposes.

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

Sending regular, or larger amounts of money between Brazil and Ecuador could mean there are tax declarations to consider.

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

Ecuador has many different tax obligations for residents and non-residents.

When in doubt, please contact a tax professional in Brazil or Ecuador to discuss your personal circumstances. This ensures you are not missing any specific tax needs associated with your transfer.