How to send money to Bolivia from Brazil with the best BRL-BOB rate

A comparison of providers offering services between Brazil and Bolivia is paramount. Based on your specific transfer amount, the best way to send money to Bolivia could change. Comparing ensures the best price for your needs.

At the moment, we found these providers to be the best for BRL/BOB

• Overall, we rated Wise as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Brazil to Bolivia. Transferring 40,000 BRL to BOB will cost you R$1990.49 in fees, and you will receive 50,731.67 BOB. The delivery time can take within a week, but it depends on the day you make the transfer.

• We compared 3 money transfer companies and Revolut offers the cheapest transfer service between Brazil and Bolivia. Revolut fees are 60 BRL per transfer and you can expect an exchange rate between BRL-BOB that is 1.63% different to the mid-market rate.

• Fastest way to send money to Bolivia from Brazil is with Revolut.

For services allowing you to send Brazilian Real to Bolivia we've compared 3 providers.

This coverage of the market ensure you will get the best options for your transfer to Bolivia from Brazil.

A better exchange rate means more Brazilian Real being sent to Bolivia. This exchange rate determines the price you will pay when buying Boliviano.

Currently the mid-market rate between Brazilian Real and Boliviano is 1.3353.

The cost of sending money from Bolivia to Bolivia, is made-up of a combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from BRL-BOB is 1.3353 BOB per Brazilian Real.

• Fees: Outside of exchange rates, you may need to pay a fee to send. Revolut currently offers the lowest fees on transfers to Bolivia from Brazil, costing 60 BRL per transfer. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Boliviano is the amount you started with, minus the amount you paid in the exchange and fees.

The better deal you get on exchanging Brazilian Reals to BOB, paired with a low fee, means a higher total amount received in Bolivia.

If you’re sending a large amount where this rate could make a significant difference, use a forward contract. This allows you to lock in an agreed exchange rate between Brazil and Bolivia.

A bank transfer through a money transfer company is the cheapest way to send money. Generally, it’s the payment method that will get you the best price on a transfer from Brazil to Bolivia at this moment.

Here are all the ways to send money from Brazil to Bolivia:

Bank transfers

Bank transfers are usually the best and easiest way to send money from Brazil to Bolivia.

By using a money transfer company such as Revolut for transfers from Brazil to Bolivia, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.

Debit and prepaid cards

Sending money from Brazil to Bolivia with a debit or a prepaid card is available through Revolut.


Revolut is a one of the cheaper options for debit card payments for transfers from Brazil to Bolivia. This cost is against a total of 3 money transfer companies offering this option.

Credit cards

When it comes to international credit card transfers from Brazil to Bolivia, we recommend comparing your options to get the best deal.

Be aware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment.

and have different financial regulators and ensuring you fully understand how these work will aid in keeping your money safe.

We’ve put together a directory of worldwide financial regulators which contains details on regulation for money transfers between Brazil and Bolivia.

Transfer limits to Brazil and Bolivia will differ per company, this may impact the amount you can send and receive if you hit the limits.

Also, rates and fees for different BRL-BOB transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to Bolivia, shopping around each time can make a huge difference if you feel you are hitting limits regularly.

For sending large or regular amounts of BRL to Bolivia we'd recommend using Wise. They offer a combination of rates and fees when sending from Brazil to Bolivia that is the most competitive.

There are different ways to receive money in Bolivia.

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

Not all providers offering money transfers between Brazil and Bolivia will offer every method for incoming Boliviano.

Understanding where the money will eventually go after its left Brazil and entered Bolivia could impact the provider you use.

The most common (and generally easiest) way to send money from Brazil to Bolivia is directly into a bank account. Wise is the best company for sending money from Brazil to a bank account in Bolivia.

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

Mobile wallets, P2P services and payment apps like PayPal, Xoom, and CashApp are popular because they offer convenience to those who already have them, but they come with more limitations and higher costs.

When sending Bolivianos to Bolivia, you will need to verify your ID at the sign up stage.

The documents you need will vary by money transfer company and in some cases you might need a couple of options.

For the most part however, in Brazil ID can be verified through a government issued ID such as a passport or driver's license.

In Bolivia, if the recipient needs an ID to collect money - both should be accepted. We’d recommend checking in advance before sending for any specific requirements on receiving money.

Large transactions between Brazil and Bolivia, are subject to additional checks such as proof of funds. This is for anti-money laundering purposes.

Wise is one of our recommended providers for transfers to Bolivia from Brazil due to the ease of sign up and ID verification.

When sending money between Brazil and Bolivia there will be tax declarations to consider.

Some transfers into Boliviano may need to be reported to tax authorities in Bolivia, particularly where inheritance or property purchases are involved (or anywhere else there are additional legal requirements).

Depending on age and income in particular, tax limits and personal allowances will change in Bolivia.

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