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Overall best choice: HSBC
We tested & reviewed dozens of money transfer providers, and HSBC scored highly.
HSBC appeared in 93% of Brazil to Nigeria searches, and was the top rated company out of 2 that support BRL to NGN.
So for a great mix of cost, speed & features, make your Brazil to Nigeria transfer using HSBC.
How to get the best deal on your Brazil to Nigeria transfer
Summary of recent searches
Important things to consider before sending money from Brazil to Nigeria
Don't settle for the first option. Always compare ways to send money from Brazil to Nigeria to find out about fees, speed, and reliability.
Our analysis included 2 providers that operate between Brazil and Nigeria.
Through this, you get a comprehensive view of all the options you have in Brazil when you need to send money to Nigeria.
Cheapest way to send money to Nigeria from Brazil: HSBC
Data collected over the past six months shows that HSBC is 0% cheaper than the second-best option.
The R$10 transfer cost represents the most common fee for BRL to NGN international transfers, based on data from the past six months.
If you want to secure the best rates on a BRL to Nigeria transfer, make sure you pick HSBC to send your money online.
*The most common fee applied to BRL-NGN by HSBC, based on data from the past six months.
Fastest way to send money from Brazil to Nigeria: HSBC
Our data shows that HSBC came up as the fastest way to send money from Brazil to Nigeria in 93% of searches. This makes them well suited to urgent BRL to NGN money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Brazil to Nigeria - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, HSBC is your best choice at the moment. This service emerged as the quickest way to send money to Nigeria from Brazil in 93% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is HSBC.
While HSBC may not always be the cheapest or fastest way to send BRL from Brazil to Nigeria, it’s the provider that will keep you safe and relaxed while your money moves into NGN.
Understanding the costs involved when moving money from Brazil to Nigeria
When calculating the costs of money transfers between Brazil and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the BRL-NGN mid-market rate equals to 253.172905 NGN per Brazilian Real.
The BRL-NGN average exchange rate for the past three months has been 219.4644 NGN per Brazilian Real, with a high of 328.2321 and a low of 159.482.
When looking to send money, we'd recommend HSBC. On average HSBC is 3.25% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from BRL to NGN.
How to find the best exchange rate for Brazilian Real to Naira
Timing is essential for sending money between BRL and NGN. The exchange rate you secure impacts how much NGN you get for your BRL.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from BRL to NGN has seen some fluctuation. On average, it stood at 219.4644.
During this period, the highest value recorded was 328.2321, while the lowest was 159.482.
HSBC, which is our recommended service to send money online from Brazil to Nigeria offers an exchange rate that is only 3.25% above the mid-market rate.
Want to secure the best BRL-Naira exchange rates?
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Payment methods available to fund your Brazil to Nigeria transfer
Bank transfers
Bank transfers are often the default option for sending money from Brazil to Nigeria.
By using a money transfer company such as HSBC for transfers from Brazil to Nigeria, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, HSBC is the cheapest provider for bank transfers from the 2 we tested when sending BRL to Nigeria.
With an average fee of BRL10 to send money from Brazil to Nigeria, HSBC offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Brazil to Nigeria with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Brazil to Nigeria, competing among a total of 2 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Brazil to Nigeria, Instarem emerges as our top choice of the 2 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Brazil.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Brazil to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send BRL to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
