Hello all,
I recently moved to SP and am in the process of finding an apartment to buy (a vista). Given the recent weakness in the Real, I would like to start bringing money from the US despite being at least a month away from actually purchasing an apartment. I called my bank (Bradesco) and was told a nightmare scenario about having to leave the money for months with the Brazilian Central Bank. Can anyone who has recently been in a similar situation comment on how long the process took? Also, did your bank to bank transfer bring competitive rates (today's commercial rate is 4,33--how close to that would you imagine paying?)? I am concerned that the money will in fact be held for months while the exchange rate moves against me, and I am unable to realize the purchase for the target price (in USD). Thank you for any help!