About the Brazilian Real (BRL)
What Is the Brazilian Real (BRL)?
The Brazilian Real (BRL), symbolized as R$ and denoted by the ISO code BRL, is the official currency of Brazil. The term "real" in Portuguese translates to both "royal" and "real." As the sole legal tender in Brazil, the BRL facilitates all financial transactions across the nation—from daily purchases to large-scale business operations.
Issued and regulated by the Central Bank of Brazil (Banco Central do Brasil), the BRL ensures monetary stability and financial system integrity. Established in 1964, the Central Bank oversees currency issuance, inflation control, and economic policy implementation.
History of the Brazilian Real
The modern Brazilian Real was introduced on July 1, 1994, under President Itamar Franco as part of the Plano Real—a comprehensive economic stabilization plan. It replaced the cruzeiro real at an exchange rate of 1 BRL = 2,750 cruzeiro real. Initially pegged to the U.S. dollar (USD), the Real transitioned to a floating exchange rate in 1999 following the Russian financial crisis.
BRL Notes and Coins
- Coins: Minted in denominations of 5, 10, 25, 50 centavos, and 1 Real.
- Banknotes: Issued in 2, 5, 10, 20, 50, 100, and 200 Reals, featuring advanced security elements and designs for the visually impaired.
Notable commemorative releases include a 10 Real note for the 500th anniversary of Portuguese arrival and a 1 Real coin for the 2016 Rio Olympics.
BRL and USD Relationship
The BRL-USD exchange rate is a critical metric in global finance, influenced by:
- Brazil’s economic performance
- Inflation rates
- Political stability
- Global market trends
Initially pegged to the USD in 1994, the Real shifted to a floating regime in 1999, allowing market forces to determine its value.
Ripple USD (RLUSD) to BRL Conversion
Bitget’s crypto-to-fiat exchange data highlights RLUSD/BRL as the most popular Ripple USD currency pair. Use our cryptocurrency calculator to estimate conversions seamlessly.
👉 Check real-time RLUSD to BRL rates
FAQ
Q: How is the BRL-USD exchange rate determined?
A: Market forces, including trade balances and economic policies, influence the floating rate.
Q: What security features do BRL banknotes have?
A: Holograms, tactile marks, and watermarks to prevent counterfeiting.
Q: Can I use RLUSD for everyday transactions in Brazil?
A: RLUSD must be converted to BRL for local transactions.
Q: Where can I track RLUSD/BRL exchange rates?
A: Platforms like Bitget and OKX provide real-time data.
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