At the time of writing, $1 USD is worth R$5.2 BRL. Wise is a Money Service Business registered with FinCen. In other states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider. On occasion, the Central Bank of Brazil has issued special commemorative versions of some of the standard coins. These commemorative coins are legal tender, and usually differ from the standard design only on their reverse side. As of July 29, 2022, the USD/BRL exchange rate is at 5.17.

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• Another way to interpret this is that the dollar has weakened versus the real.
• At the time of writing, $1 USD is worth R$5.2 BRL.
• In 2000, the 10 reais commemorative banknote (print «D») was launched, and this banknote was the first polymer banknote to be issued in the country.
• Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate.

When it comes to terminology, one unit of BRL is called a real (written out as R$1) and the plural is reais. In both cases, the “r” is pronounced like the English letter “h,” so these words may sound like “hey-all” and “hey-eyes” to a non-Portuguese speaker. Inflation was running at 10.08% on an annual basis as of July 2022, and both imports and exports are projected to rebound after the COVID-19 pandemic induced contraction, though the former is expected to far outpace the latter. Brazil’s unemployment rate actually declined to 9.4% in the same timeframe, versus over 14% in 2021. Brazil’s current account deficit also decreased to -$2.14 billion USD from its reading of over $8 billion USD at the beginning of the year. Interested in economic reports, analysis and data?

U.S. dollar scores first ‘golden cross’ since July 2021, signaling more trouble for stocks ahead

The move brought the SELIC rate to 11.75%, marking the highest rate since early 2017. With its latest move, which followed an aggressive cumulative 875 basis points of rate increases since March 2021, the real interest rate landed in positive territory, despite red-hot inflation. That said, the Central Bank turned less hawkish, despite increased risks to the short-term inflationary outlook, and suggested hikes of the same magnitude—rather than its prior 150 basis point hikes—in the coming months.

And with our daily summaries, you’ll never miss out on the latest news. Need to know when a currency hits a specific how to measure volatility rate? The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs.

US Dollar to Brazilian Real stats

The U.S. dollar is the currency most used in international transactions. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. Create a chart for any currency pair in the world to see their currency history.

Brazilian real

This led to the real weakening along with most emerging market currencies and forced COPOM to partially float the BRL against the U.S. dollar. Banks often advertise free or low-cost broke millennial transfers, but add a hidden markup to the exchange rate. Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers.

On 8 April, the currency traded at BRL 4.70 per USD, which marked a 7.7% appreciation from the same day a month prior. Additionally, the real was up 18.6% year-to-date and 18.7% in year-on-year terms, making it the world’s best-performing currency this year, after having depreciated 40% over the past five years. A commodity price boom and one of the world’s highest interest rates contributed to the real’s rally in recent weeks.

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These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. South Korea will extend its onshore foreign-exchange trading hours and ease rules on foreign traders next month, in a push to advance its money market. Calculating a conversion of dollars to reais is fairly simple.

Russia’s invasion of Ukraine on 24 February prompted a surge in commodity prices amid supply concerns and harsh international sanctions imposed on Russia. That said, the country’s exposure to Russian demand and supply—barring fertilizer imports—is somewhat limited, thus the impact should mainly come from second-round factors. Still, Brazil’s exports, current account and currency have benefited from soaring prices for key export commodities, like oil, sugar, soybeans and iron ore, propelling record export data in March amid high demand. Additionally, as inflation continued to surprise on the upside in March, hitting levels not seen in decades, Brazil’s Central Bank hiked its SELIC rate by another 100 basis points at its latest meeting.

Related Currencies

In 2000, the 10 reais commemorative banknote (print «D») was launched, and this banknote was the first polymer banknote to be issued in the country. In 2000 and 2001, the 2 and 20 reais banknotes were launched, respectively, using the sea turtle and the golden lion tamarin in the watermark and theme, and the 20 reais banknote was the first to make use of holographic elements on the Brazilian banknotes. Using a currency conversion calculator is often the easiest way to get an estimate when you’re converting currency. Since exchange rates fluctuate on a daily basis, using a calculator can ensure your math is correct. The real, meaning ‘royal, was first introduced by Portugese settlers and became Brazil’s official currency in 1690. The modern real (plural reais) was introduced on July 1, 1994.

Beware of bad exchange rates.Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our smart tech means we’re more efficient – which means you get a great rate. Banks and other transfer services have a dirty little secret. They add hidden markups to their exchange rates – charging you more without your knowledge. The Brazilian real soared against the U.S. dollar in recent weeks, trading at 4.59 per USD on 4 April and hitting its strongest value since March 2020.

If you’re planning a trip to Brazil in the near future, you may want to exchange some of your money into Brazilian reais, the country’s official currency. We give you the real rate, independently provided by Reuters. Compare our rate and fee with Western Union, ICICI Bank, WorldRemit market sentiment blog and more, and see the difference for yourself. Our currency rankings show that the most popular Brazilian Real exchange rate is the BRL to USD rate. The currency code for Reais is BRL, and the currency symbol is R$. Below, you’ll find Brazilian Real rates and a currency converter.

At the same time the URV was defined to be worth 2,750 cruzeiros reais, which was the average exchange rate of the U.S. dollar to the cruzeiro real on that day. As a consequence, the real was worth exactly one U.S. dollar as it was introduced. Combined with all previous currency changes in the country’s history, this reform made the new real equal to 2.75 × 1018 (2.75 quintillion) of Brazil’s original réis. Upon its introduction, the real strengthened against the U.S. dollar to a rate of 1 BRL to $1.20 USD as its growing economy attracted large capital inflows.

Banknotes

These are the average exchange rates of these two currencies for the last 30 and 90 days. In April 2000, in commemoration of the 500th anniversary of the Portuguese arrival on Brazilian shores, the Brazilian Central Bank released a polymer 10 real banknote that circulated along with the other banknotes above. The Brazilian Mint printed 250 million of these notes, which at the time accounted for about half of the 10 real banknotes in circulation.