The name of the current currency in Brazil is Brazilian real. However, this has not always been the official currency of the country. In this article, we will tell you about the value of this coin and we will tell you some curiosities about it.
Below you have an index with all the points that we are going to deal with in this article.
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Real Brasileño
The official currency of Brazil is the Brazilian real. Its symbol is R $ and its ISO code or abbreviation BRL. This currency began to be used in the s. XVII, although at that time it was called real portuguese, since this territory was a colony of Portugal.
After its independence in 1822, the Brazilian real evolved independently from the Portuguese. However, in 1942, it was replaced by the cruzeiro. After going through different currencies, it was reinstated in 1994.
This change was carried out through the known as Real Plan, which was intended to stabilize the value of the Brazilian currency. However, in 1999, a speculative attack led to a major devaluation from which the country gradually recovered. At present, it is quite stable.
The different metallic coins that we can find in Brazil are those of 5, 10, 25 and 50 cents and that of 1 real. Until 2005, the 1 cent was also produced, but this, although it is still considered legal tender, is disappearing.
The materials from which these coins are made are copper-plated steel, silver-plated brass, and cupro-nickel. In previous years, between 1994 and 1997, they were only made with stainless steel.
As for banknotes, the current design was launched in 2010, when its anti-counterfeiting design was strengthened. The current models are those of 2, 5, 10, 20, 50 and 100 reais. However, those prior to this year are still accepted.
On the other hand, the Brazilian Central Bank issues commemorative coins from time to time to highlight some important event. One of the latest has been the series of the 2014 Soccer World Cup and the Olympic Games held in this country in 2016.
Exchange rate
This is the equivalence between a Brazilian real and other major currencies in America and Europe:
- R $ 1,00 = US $ 0,31 (USD)
- 1,00 BRL = 5,97 Mexican pesos (MXN)
- 1,00 BRL = 4,84 Argentine pesos (ARS)
- 1,00 BRL = 0,29 euros (EUR)
- R $ 1,00 = 1,02 peruvian soles (PEN)
- 1,00 BRL = 925,25 Colombian pesos (COP)
- 1,00 BRL = 3,16 Venezuelan bolivars (VEF)
- 1,00 BRL = 211,95 Chilean pesos (CLP)
- 1,00 BRL = 1.759,43 Paraguayan guaranis (BRL)
- R $ 1,00 = 2,31 Guatemalan quetzals (GTQ)
- 1,00 BRL = 177,34 Costa Rican colones (CRC)
- 1,00 BRL = 14,93 Dominican pesos (DOP)
- 1,00 BRL = 7,38 Honduran lempiras (HNL)
- R $ 1,00 = 0,24 pounds sterling (GBP)
- 1,00 BRL = 8,82 Uruguayan pesos (UYU)
Currency exchange
An important piece of advice for all those thinking of going to Brazil is to avoid exchanging money at airports, as the exchange rate is usually worse than at establishments in cities.
The best place to carry out this transaction is the exchange house. In the country's banks there are usually more difficulties to exchange money. As for the ATMs, not all accept foreign credit or debit cards.
It should be noted that, especially when it comes to large amounts of money, it may be necessary to show the passport when you want to exchange money.
Questions from users
How can you recognize a fake Brazilian real?
Among the security measures to know if a banknote is real, there is the watermark, which is different on each banknote of different value. In addition, on the 10 and 20 real banknotes, with the movement, the figure changes from blue to green. In any case, the Bank of Brazil has a mobile application called brazilian money, with which you can make sure that your bills are not fake.
What is the Brazilian real blue?
El royal blue It is the name by which the Brazilian real is known, which is traded in the parallel or illegal market in Argentina. Its price changes daily.
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