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Brazilian Real

Brazilian Real Rates

For a live quote on the Brazilian Real, simply fill in your details on the form above and an FSA-regulated currency expert will be in touch with a competitive quote.

 

Latest Brazilian Real Rates

Please see our latest exchange rates page for the most up-to-date mid-market rate.

 

Recent Trading Range

In 2011, the Brazilian Real traded between 0 and 0 against the Pound.

 

Latest Brazilian Real Exchange Rate News

Please see our news section for the latest currency news affecting worldwide exchange rates. You can also visit our dedicated page on money transfers to Brazil, including timescales and information needed to make your transfer.

 

Overview - BRL

The Brazilian Real is the currency of Brazil and its ISO designation is BRL. The Real in its current guise has been the currency of Brazil since 1994, when it was introduced to replace the Cruzeiro. It was not the first Brazilian Real though, as the currency used in Brazil between 1790 and 1942 was also called the Real. One modern Real is equivalent to 2.75 × 1018 (2.75 quintillion) of the old Reals. The word Real in Portugese means both ‘Royal’ and ‘Real’.

 

The Portugese Real was the first currency used by Portugese settlers to arrive in the Americas, but the first currency circulated in Brazil called the Real was actually printed by the Dutch in 1654, although it did not become the official currency until 1790.

 

The modern Real was introduced as part of a plan to stabilise the Brazilian economy in 1994. At its introduction the Real was valued at exactly 1 US Dollar, but not pegged as such. The Real’s value has fluctuated greatly during its existence and has at times had to be tightly controlled by the Central Bank and has suffered sudden maxi-devaluation, in the last decade though the Real has generally been strengthening and in fact managed to break through the symbolic threshold of being worth more than $0.50.

 

Reals are tightly controlled by the Central Bank and are almost impossible to trade outside of Brazil. Transfers into Brazil are more often than not carried out in US Dollars, Euros or Sterling.