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Brazilian real exchange rate
Are you interested in the current exchange rates and the price of the Brazilian real ? Stay up to date at all times! Below we present the current quotes of the Brazilian real in our online exchange.
Brazilian real exchange rate - chart
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Exchange rate Brazilian real in the charts is presented for indicative purposes, based on approximate data and is not of a transactional nature, i.e. it is not part of the website's offer or a proposal to make a transaction.
Brazilian Real
The Brazilian Real according to the ISO 4217 classification is known under the currency code BRL. A commonly used symbol is the R$ designation. Brazil's currency ranks in the top 20 in terms of its share of turnover in the global foreign exchange market.
Contemporary Brazilian Real
1 Brazilian real is divided into 100 centavos. In 2010, a new series of banknotes was launched, featuring a symbolic bust of a woman, personifying the Republic, on the obverses. The reverse of the banknotes, depending on their denomination, is decorated with images of Brazilian animals, such as jaguar or the macaw. The banknotes have denominations of R$2, 5, 10, 20, 50,100 and 200.
Coins in circulation include 1, 5, 10, 25 and 50 centavos, as well as 1 real (R$1). The obverse of the coin is adorned with the Southern Cross, the most important constellation of the southern hemisphere. The reverses of the coins depict important figures in the history of the country, such as the Brazilian revolutionary Tiradentes or the discoverer of Brazil, Pedro Alvares Cabral.
The exchange rate of the Brazilian real has fluctuated strongly over the past decades, which was related to economic instability, crises and political changes. Due to a significant part played by exports in the Brazilian economy, its exchange rate is slowly stabilising and strengthening through increased inflows of USD, in which transactions for exported raw materials are settled.
For the people in Poland, the exchange rate of the Brazilian real does not matter much due to limited trade between the countries. The BRL/PLN exchange rate is most often of interest to those intending to travel to Brazil as tourists. Due to the currency not being in remarkably high demand, Brazilian money is most easily exchanged online.
Brazilian's currency and its history
The history of money in Brazil dates back to the 17th century when European conquerors arrived in the new land. The first coins were minted by the Dutch as early as 1630-1654. In turn, in 1694, the King of Portugal established the first Brazilian mint, which can be considered the beginning of the country's monetary system. However, it cannot be said to have its own currency until 1822, the year of Brazil's independence.
The real became the first currency in independent Brazil. The currency gradually lost its value and in 1933, as a result of the economic crisis, it was paired with the US dollar. Deepening depreciation of the real made it necessary to replace it with a new currency, the cruzeiro, in 1942. In the beginning, the change worked as intended, but over time further problems emerged, such as economic crises, national debt and record high inflation rates.
On 1 July 1994, currency reform took place. The cruzeiro was replaced by the Brazilian Real as part of a plan to stabilise the Brazilian economy. At the time of its introduction, the real was worth exactly one US dollar, but currency crises and soaring inflation have brought a strong depreciation of the Brazilian currency. Historically, the real has not been a good way to diversify currencies. Throughout 20 years, the BRL/PLN exchange rate has fallen by 40%.
Curious details about BRL
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Introduction of the Brazilian currency in use today, the Brazilian real, was supposed to be one of the ways to suppress inflation, which was 2500% in 1993.
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The real takes its name from the Portuguese coin, which had been in circulation in Portugal from 1430 to 1911. In Portuguese, the word real means 'royal,' which can be translated as royal currency.
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At the end of the 17th century, the gold rush in Brazil began. In the 18th century, approximately 800 tonnes of gold were shipped from Brazil to Portugal.
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