Highlights of São Paulo: how it works in Brazil — first-hand
From real experience
Exchanging currency (Brazilian Reais) in São Paulo on a public holiday, such as December 31st, can be challenging as banks are closed.
Look for 'casa de cambio' (exchange offices). Large hotels may also offer currency exchange services, especially during holidays. It's advisable to inquire about operating hours for exchange offices beforehand.
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Currency exchange in Sao Paulo differentiates between old and new USD banknotes, offering significantly lower rates for older bills.
Recommended locations: Money Exchange at Praça da Liberdade, 130 (Liberdade district) and SP Mundi Exchange at Av. Brig. Faria Lima, 1827 (Pinheiros). Euro is a viable alternative if new USD banknotes are unavailable.
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Currency exchange requirements vary by city in Brazil.
In Rio de Janeiro, tourist exchange offices generally do not require a passport. In São Paulo, travelers frequently report that a passport or CPF (Cadastro de Pessoas Físicas) is required for currency exchange transactions.
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Currency exchange in Sao Paulo: Options include Pátio Paulista Mall (2nd floor).
Exchange rates vary; in 2013, the rate was approximately 5.1 BRL per USD. Focus on exchanging USD bills issued after 2013.
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Currency exchange in São Paulo on Sundays is extremely limited.
The only reliable spot is a currency exchange bureau located on the third floor of the shopping center located at the beginning of Avenida Paulista (the one with the namesake of the avenue).