Usually when sending money to another country you can never get a very good exchange rate. It is always way below the market rate we see in the papers, and even worse considering any extra fees. But if you are in Europe and sending money to Brazil, by purchasing bitcoin locally and selling there you can actually get a pretty good price. And as the graphic shows, sometimes you can even get way above the market exchange rate, even as high as 15% more! This is a great tip for Brazilians working abroad who want to send money back home.
That probably shows that demand for bitcoin in Brazil is getting relatively higher than elsewhere at some periods... It makes some sense, with the Real getting devalued in general, but it was surprising to me that this relative price can go up as high as 115%!
That probably shows that demand for bitcoin in Brazil is getting relatively higher than elsewhere at some periods... It makes some sense, with the Real getting devalued in general, but it was surprising to me that this relative price can go up as high as 115%!