Make world-class saves in Brazil this summer


20 May 2014


  • Local Travelex experts reveal how to stay money savvy in Brazil
  • A pint of beer can cost £1 or up to £21 in Sao Paulo bars
  • Essential travel money advice for those heading to the World Cup

England fans heading to the World Cup in Brazil could save over £380 on holiday essentials by simply eating, drinking and shopping at the right places, according to foreign exchange specialists Travelex.

With some bars charging up to £21 for a pint of beer, England supporters in Brazil are at risk of being stung by inflated prices - but are advised to avoid nasty surprises by planning ahead.

Insights from Travelex's Grupo Confidence stores in Brazil have revealed that some holiday purchases are available at up to 2,000% less if you follow the local knowledge. Essential travel money advice for those heading to the World Cup- England fans heading to the World Cup in Brazil could save over £380 on holiday essentials by simply eating, drinking and shopping at the right places, according to foreign exchange specialists Travelex.

Sao Paulo, which will host the opening match and England vs. Uruguay on June 18th, is officially one of the most expensive cities in the world,1 with a pint of imported beer setting you back a whopping £212 in bars surrounding the Arena Corinthians stadium. But those happy to try the local Bohemia beer can find it as cheap as £1 - saving £20 on just one drink.3

Similarly, those wanting to try the national cocktail of Brazil, the Caipirinha, can pay a bargain £1.50 (or 5.64 Brazilian Real) for the lime-flavoured drink from the stalls set up within the street markets popular with locals, or stump up a painful £9 if drinking in one of the tourist-trap hotels in Sao Paulo - a 452% difference in price.4

Accommodation is another concern, with recent newspaper reports claiming that prices are expected to soar by 500% over the World Cup matches.5 A double 'World Cup Room' in the L'Hotel Porto Bay São Paulo costs a hefty £363 on the night of the England match - yet the Hotel Marajá, less than a mile down the road, costs just £24 a night for a double at £339 cheaper.6

Football fans who want to sample the local street food can try a Brazilian Pastel - a tasty thin-crust pie fried in oil. Those in-the-know head to the Estádio do Pacaembu market where the snack can be picked up for just £1 each. However, the tourist-focused Mercado Municipal market - just four miles away - charges two and a half times the price, at £2.50 per Pastel.

Those reaching for the nearest packet of crisps can also get stung. A bowl of crisps in your hotel lobby can cost 11.36 Brazilian Real (£3.25), putting a group of four back £13. By going to one of the Busco Brazilian supermarkets - just next to the Arena Corinthians7 - you can grab a whole bag of crisps for just 0.78 Real, or 22p, meaning the same size group would make a saving of £12.12.8

David Swann, from Travelex, comments; "Savvy footy fans who plan ahead can bag themselves extra spending money by purchasing their Brazilian Real when the Pound is strong. Currently at 3.49 per pound on Travelex.co.uk, the Real is offering great value to Brits, with £500 now buying 1,747 Real vs. just 1,424 Real last year. This means Brits have an extra £93 worth of currency to spend.

"Those looking for a cheaper alternative to using their credit or debit card should consider the Travelex Cash Passport Globe. It's a prepaid card, loaded with Pound Sterling, which only charges 2.49% on withdrawals and purchases, compared to 3-4% which is typical of debit/credit cards."

  

Product CHEAP EXPENSIVE SAVING
Pint of beer £1.00 £21.00 £20.00
Crisps (4 people) £0.88 £13.00 £12.12
Traditional Pastel Street Food £1.00 £2.50 £1.50
Night's accommodation £24 £363 £339
Caipirinha cocktail £1.50 £9.00 £7.50
TOTAL SAVINGS

£80.12

England fan Tim Potter, who recently travelled to Brazil to check out the key World Cup destinations, gives the following advice: "There can be a lot of variation between banks in Brazil, even the larger chains, so you can't guarantee your prepaid card will be accepted everywhere. I found it useful to always carry cash on me - which also comes in handy for the abundance of market stalls and street vendors. Experimenting by eating locally-produced beer and market food is also a great way of keeping the costs down as they're always cheaper than imported goods - and of course it means you get to experience some of the true flavours of Brazil!" 

DO:

• Purchase a Buy Back guarantee so you can exchange any leftover currency at the same rate you purchased at when you return to the UK

• Keep cash handy – so you won’t be caught short if you find your cards aren’t accepted

• If you’re travelling with lots of cash you need to let the Brazilian government know why. Fill out an e-DBV form if you’re taking more than R$10,000 (approximately £2, 860): www.edbv.receita.fazenda.gov.brX

DON’T:

• Forget to take your passport out when exchanging money – you may need it to confirm your identity

• Travel with large amounts of cash on you – although Sao Paulo is safe it does have its crimes, like any big city

• Use your debit card at ATMs as this is often the most expensive way to exchange money as you’re open to bad exchange rates as well as cash machine fees

  1.  http://www.bbc.co.uk/news/world-latin-america-24548751
  2. Alto dos Pinheiros bar 12miles from the stadium, http://www.altodospinheiros.com.br/
  3. Research from PintPrice correct as of 31.03.14 http://www.pintprice.com/city.php?/Sao+Paulo/Brazil/gbp.htm
  4. Research conducted by M&C Saatchi PR on behalf of Travelex correct as of 22.04.14 - price of drink in Skye Bar, Hotel Unique, Sao Paulo vs. case study citing Market prices from March 2014
  5.  http://www.bbc.co.uk/news/world-latin-america-24548751
  6. Research conducted by M&C Saatchi PR on behalf of Travelex correct as of 17.04.14
  7. Research link here
  8. http://www.buscape.com.br/ofertas/salgadinho/117384417/1115283

ABOUT TRAVELEX:
Travelex is the world's largest foreign exchange specialist with almost 1,500 stores and 1,250 ATMs across 27 countries, at key airport, seaport, rail and tourist locations. Over 40% of travellers - 1.7 billion passengers a year - pass through airports where Travelex operates including the major gateways at Amsterdam, Beijing, Frankfurt, Hong Kong, London, Mumbai, New York, Paris, Sydney & Tokyo. Every hour, Travelex provides foreign currency to more than 2,000 customers.

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For more information, please contact: 
Polly Goddard - M&C Saatchi PR
polly.goddard@mcsaatchi.com 0207 544 3623



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