Brazil to Guam money transfers compared

The exchange rate determines the price you’ll pay for US Dollar when sending Brazilian Real to Guam.

The rate between the Brazilian Real and US Dollar is currently 0.1709. Wise offers the best exchange from BRL-USD.

The BRL-USD exchange rate is always moving.

Sometimes, waiting a day or two can help you get more USD for the same amount of Brazilian Real. Using a forward contract that also allows you to lock in an agreed exchange rate between Brazil and Guam.

Sending money via a Bank transfer is the recommended option for sending money from Brazil to Guam.

The company offering the best bank transfer price is Wise.

This Bank transfer to Guam is 0% cheaper than the second-best option in the market.

Brazil and Guam have different regulations and you should ensure any provider you use to send or receive between the countries is regulated.

Our directory of financial regulators worldwide of key regulatory bodies highlights who can aid in keeping your money safe for money transfers between Brazil and Guam.

Some services between Brazil and Guam have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in Guam as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Guam, use Wise. The combination of rates and fees when sending from Brazil to Guam 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 Guam. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive US Dollar in Guam. This includes a direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

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

One of the more common ways to transfer from Brazil into US Dollar is directly into a bank account. Wise is the best company for bank transfers between Brazil and Guam.

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

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 Wise.

When signing up to and sending Brazilian Real to Guam, through a money transfer company, you will have to verify your ID.

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

For the most part however, in Brazil this will be a government issued ID such as a passport or driver's license. In Guam it will be similar, although this should only be needed if you are opening a new account in Guam, or collecting in cash. Sending to an existing bank account in Guam shouldn’t require any additional ID checks.

Large transactions between Brazil and Guam, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

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

When sending large amounts of money between Brazil and Guam there will potentially be a tax declaration to consider.

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

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