written by Brasileiro on 14/08/2012
As a test I transferred 1000 Euro from my German bank account to my Brazilian (Itau) one.
I paid a 5 Euro fee, which is not much, but what arrived on my Brazilian account was 9.3% less than 1000 Euro would have been in Brazilian Real according to the exchange rate (Reuters) of that day.
This is definitely more expensive than transferring the money directly from my German account to my Brazilian account.