Currency Rate
Brazilian Real to USD
Our Currency Rate BRL latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the BRL. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
R$ 0.168736
Selling rate
R$0.199375
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The Brazilian real (symbol: R$; code: BRL) is the official currency of Brazil, introduced in 1994.
Currency Details
- Country code BR
- Symbol R$
- ISO Code BRL
- Subunits 1 Real = 100 Centavos
Coins
- 5 centavos
- 10 centavos
- 25 centavos
- 50 centavos
- 1 real
Banknotes
- 2 reais
- 5 reais
- 10 reais
- 20 reais
- 50 reais
- 100 reais
- 200 reais
The Brazilian Real, commonly abbreviated as BRL, is the official currency of Brazil. Known locally as the "real," the BRL is symbolized as "R$." Introduced in 1994, the real replaced the previous currency, the cruzeiro real, as part of Brazil's economic reforms.
History and Background
The Brazilian Real was introduced on July 1, 1994, as part of the Plano Real economic reform program. This initiative aimed to stabilize Brazil’s hyperinflation and restore economic stability. The name "real" has historical significance, as it was the currency used in Brazil from 1889 to 1942.
Economic Significance
The BRL is integral to Brazil's economy, facilitating trade, investment, and economic development. Brazil has a diverse economy, with key sectors including agriculture, mining, manufacturing, and services. The real is influenced by various factors, including commodity prices, interest rates, and political developments.
Usage and Exchange
The BRL is widely accepted across Brazil for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for reais is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Brazilian Real is more than just a currency; it is a symbol of Brazil's economic strength and its rich cultural heritage. Understanding the BRL is essential for anyone engaging with Brazil's vibrant economy, whether you are a resident or a visitor. The real's stability and accessibility play a crucial role in the country's economic resilience and growth.
History and Background
The Brazilian Real was introduced on July 1, 1994, as part of the Plano Real economic reform program. This initiative aimed to stabilize Brazil’s hyperinflation and restore economic stability. The name "real" has historical significance, as it was the currency used in Brazil from 1889 to 1942.
Economic Significance
The BRL is integral to Brazil's economy, facilitating trade, investment, and economic development. Brazil has a diverse economy, with key sectors including agriculture, mining, manufacturing, and services. The real is influenced by various factors, including commodity prices, interest rates, and political developments.
Usage and Exchange
The BRL is widely accepted across Brazil for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for reais is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Brazilian Real is more than just a currency; it is a symbol of Brazil's economic strength and its rich cultural heritage. Understanding the BRL is essential for anyone engaging with Brazil's vibrant economy, whether you are a resident or a visitor. The real's stability and accessibility play a crucial role in the country's economic resilience and growth.