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Currency Exchange in Brazilian Airports: how it works in Brazil — first-hand

Short answer
Avoid airport exchange counters due to unfavorable rates and service fees, opting instead for 'câmbio' offices in the city. Always use official exchange services and avoid informal offers to minimize the high risk of scams.

From real experience

When exchanging US Dollars to Brazilian Reals in Rio de Janeiro, avoid airport exchange counters due to significantly unfavorable rates (e.g., 4.2 BRL/USD vs.
4.8-4.95 BRL/USD in the city). It is recommended to exchange money at 'câmbio' (exchange houses) located in the city. For example, the Rio Sul shopping center in Botafogo often offers competitive rates. Many câmbios communicate via WhatsApp, allowing travelers to inquire about current rates in English. Be aware that many exchange houses, especially smaller ones on Copacabana's second line, may be closed on Sundays.
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Withdrawing cash in Brazil can be done via ATMs, exchange offices, and some specialized ATMs.
For example, red ATMs on the ground floor of Shopping Pátio Paulista allow cash withdrawal with Visa. Exchange rates at airport exchange offices are often unfavorable; a poor rate for 50 EUR yielded only 205 BRL, barely enough for a taxi. It's advisable to compare exchange rates at different locations, as significant savings (e.g., 400 BRL) can be achieved by visiting multiple exchange offices, potentially in lower floors of malls or away from the airport.
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Travelers arriving at São Paulo Guarulhos Airport (GRU) might encounter porters offering informal currency exchange services, sometimes with negotiable rates.
However, engaging in such transactions carries a high risk of scams and fraud. It is strongly advised to use official currency exchange booths or ATMs. Be cautious of unsolicited private messages from individuals offering currency exchange services, as these are frequently fraudulent. Administrators of online communities typically do not offer recommendations or services via private messages.
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At São Paulo Guarulhos Airport (GRU), there are generally no currency exchange offices in the sterile transit zone.
An exchange office is located after passport control and before baggage claim, but it offers a very unfavorable exchange rate. It operates at night. Taxis are available outside the terminal, to the right, at a glass kiosk. Payment can be made in cash or by card; the fare remains the same. Taxis are spacious. For example, a trip to Vila Mariana costs approximately 230 BRL. It is advisable to have the destination address printed in Portuguese for the driver.
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Currency exchange in Brazil: Avoid airport kiosks (câmbio) due to predatory rates (~4.25 BRL/USD).
City exchange rates are significantly better (5.00-5.50 BRL/USD). Old USD bills are often discounted or rejected in city exchanges, so airport kiosks are a strategic option for old notes. Banks in Brazil do not perform currency exchange; look specifically for 'Câmbio' offices. Be aware of weekend closures for city exchanges.
✓ 1 report from chats
User arriving in Brasilia via Sao Paulo airport has questions regarding: 1. Currency exchange: Should USD be exchanged to BRL at Sao Paulo airport? User notes potentially poor exchange rates and limited USD acceptance.
2. Purchasing an electrical adapter for Brazilian sockets at the airport. 3. Recommended taxi services in Brasilia and the prevalence of cash payment scams.
✓ 1 report from chats
Currency exchange in Brazil is handled by specialized 'câmbio' outlets rather than general retail banks.
Airport exchange counters typically charge a service fee ('taxa de serviço'). City-based 'câmbio' shops often waive fees for exchanges of $100 USD or more in pristine banknotes. Profit for exchangers is derived from the spread (margin) between buying and selling rates.
✓ 1 report from chats
User reports an extremely unfavorable exchange rate for USD to BRL at Sao Paulo airport, receiving 355 BRL for $100 USD when the local market rate was approximately 5.3 BRL/USD.
Recommends exchanging currency elsewhere.
✓ 1 report from chats
Currency exchange experiences at Brazilian airports vary.
In São Paulo airport, only a passport was required to exchange Euros. In Salvador airport, for even small amounts (e.g., 50 Euros), staff reportedly asked about occupation and income.
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