What currency does Rio de Janeiro use?
Navigating the Currency Landscape in Rio De Janeiro
When planning a trip to the picturesque city of Rio De Janeiro, one question that frequently comes up is “What currency does Rio de Janeiro use?” The answer is quite simple: the Real (BRL), the official currency of Brazil.
Understanding the Brazilian Real
The Brazilian Real, marked by the R$ sign and pronounced as “hey-al,” was introduced back in 1994 as a measure to curb inflation. Each Real can be divided into 100 centavos, much like how dollars can be split into cents. It’s important to familiarize yourself with its denominations before your trip to avoid any confusion.
Exchanging Currency in Rio De Janeiro
Now that you know what currency does Rio de Janeiro use, the next step is to understand how to go about converting your money. It is generally recommended to exchange your currency in Rio as the exchange rates are typically more favorable there. You will find different rates, including the official rate, a tourist rate, and a parallel rate. US dollars are easily exchanged in Rio, and credit cards are widely accepted. A popular place to exchange USD in Rio is at Blame It On Rio Travel / Money exchange (address: Rua Xavier da Silveira, 15 – Copacabana).
ATMs and Banks in Rio
If you’re more of a cash person, fear not. There are plenty of banks and ATMs sprinkled across the city for easy access to cash. Cash cards can also be used at ATMs. However, during peak times, it’s common for ATMs to run out of cash quickly, so make sure to withdraw enough money in advance.
The red ATMs called Banco 24 horas are probably the best place to withdraw local currency. They are located at the following subway stations: Ipanema (General Osório), Ipanema (Nossa Senhora da Paz), Leblon (Antero de Quental), Largo do Machado, among others. In Copacabana, your best choice is inside Shopping Casino Atlantico.
Banco Santander usually also works well with foreign cards. Here are two branches in Copacabana: Avenida Nossa Senhora de Copacabana, 590 and Avenida Nossa Senhora de Copacabana, 1099.
Handling Money Safely in Rio De Janeiro
Now, onto the safety aspect. It’s advisable to practice caution when carrying cash around, especially if you have large bills. Consider using a money belt or similar safety measures when carrying around large amounts of money.
In conclusion, while exploring the vibrant city of Rio De Janeiro, keep in mind that the currency used is the Brazilian Real. Make sure to exchange or withdraw local cash during your stay, use credit or debit cards where possible, and exercise caution when handling cash. This way, you can fully immerse yourself in the Rio experience without any monetary worries. Safe travels!
Do they accept USD in Rio de Janeiro?
While some businesses in Rio de Janeiro might accept USD, it’s best to use the local currency, Brazilian Real, for transactions. Carrying some Brazilian Reals is recommended for small vendors and local markets. Currency exchange services are widely available in Copacabana neighborhood such as Blame in on Rio Travel. Or simply use credit card, which is commonly accepted.
Should I exchange money before going to Brazil?
It’s not mandatory to exchange money before going to Brazil, but it can be beneficial to have some Brazilian Reals on hand upon arrival. However, you can use credit cards almost everywhere, or you can withdraw from ATMs, but be aware of potential foreign transaction fees. Planning your finances in advance can ensure a smooth, hassle-free travel experience in Brazil.
How much cash do I need for Brazil?
The amount of cash needed for Brazil varies greatly depending on your lifestyle and activities, but generally, $50-$100 per day is a reasonable budget. However, you can also easily spend more than $100 per day, especially if you pay for several activities, eat at upscale restaurants, and drink into the night.
Can I use credit card in Rio de Janeiro?
Yes, credit cards are widely accepted in Rio de Janeiro, especially in hotels, restaurants, as well as large and small businesses including shopping centers and tourist attractions. However, it’s advisable to carry some cash for vendors that don’t accept cards. Do check with your bank about potential foreign transaction fees for using your credit card in Rio de Janeiro.
How much is $100 in Rio?
The equivalent value of $100 in Rio fluctuates depending on the current exchange rate, which as of today (July 7, 2023) is 4,80. So, $100 is the equivalent of R$ 480. Please note, exchange rates are subject to change and can vary at different exchange locations. Check the current rate before making any conversions or financial transactions in Rio.