Are you going to travel or plan an exchange?

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Find out how to organize your finances for purchasing foreign currency
Specialist from the Travelex Confidence Group indicates the best strategy to acquire foreign currencies and avoid exchange rate variations

With the great volatility of the dollar in recent times, those looking for the currency, whether to travel or plan an exchange, are wondering when is the best time to buy. There are several factors that contribute to the movement of the exchange rate, such as the Brazilian and international economic scenario, in addition to the resumption of tourism. For Jorge Arbex, Director asia mobile number list ofTravelex Confidence Group, the largest foreign exchange specialist in the world, the North American currency may still maintain its volatility in the coming months and, in this scenario, in which the value of the dollar has been fluctuating daily, waiting to buy all at once at the “right time” could mean a loss to the budget.



Acquiring the currency little by little, to guarantee a good average price on the exchange rate, is Arbex's recommendation. “This is an important strategy for those who have a trip booked in advance or are planning an exchange. Setting aside a monthly amount in reais to purchase coins is a way to avoid surprises in the budget, in addition to contributing to good financial organization”, he comments.

It is also possible to count on specific services such as “programmed exchange rate”, offered by Travelex Confidence, which allows the customer to schedule the monthly purchase of a foreign currency during a determined period, with the conversion carried out at the commercial exchange rate*, which is a more competitive rate. “With this service, our objective is to encourage our customers’ financial planning, in addition to offering more attractive values, convenience and security. The client defines how much they intend to pay monthly and the deadline, and we do everything else”, concludes the executive.

*The PTAX will be considered as a reference, a rate published by the Central Bank that represents the average rates for operations carried out in the market, for the purchase and sale of foreign currency.
Created to help customers organize their finances in a practical way, the service, which has just undergone changes, can be contracted directly at the brokerage's stores and, starting this month of July, customers will also be able to contract directly through the Travelex website Confidence. The customer chooses the amount in reais they wish to pay monthly – between R$500 (minimum amount) and R$6,000 (maximum amount) – the term, from 4 to 12 months, and pays the installments by bank slip or transfer.