BRL information
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 means both "royal" and "real." The Brazilian Real is the sole legal tender in Brazil, used across this vast country, which is the largest in both South America and the Latin American region. It facilitates all forms of financial transactions within the nation, from everyday purchases to large-scale business dealings.
The Brazilian Real is issued and regulated by the Central Bank of Brazil (Banco Central do Brasil), which is the primary monetary authority in the country. Established on December 31, 1964, the Central Bank is responsible for ensuring the stability of the currency's purchasing power and the soundness of the national financial system.
What Is the History of BRL?
The modern Brazilian Real was introduced on July 1, 1994, during the presidency of Itamar Franco. This was part of the Plano Real, a substantial plan to stabilize the Brazilian economy. The currency replaced the cruzeiro real at a rate of 1 real = 2,750 cruzeiro real. Initially, the real was pegged to the U.S. dollar, which helped stabilize its value. However, in 1999, following the Russian debt default and ensuing global financial crisis, Brazil was forced to partially float the real against the U.S. dollar.
Notes and Coins of BRL
Brazilian coins are minted in denominations of 5, 10, 25, 50 centavos, and 1 Real. The banknotes, issued by the Central Bank of Brazil, come in denominations of 2, 5, 10, 20, 50, 100, and 200 Reals. These notes feature various security enhancements and are designed to aid the visually impaired.
Brazil has issued several commemorative coins and banknotes, including a 10 Real note for the 500th anniversary of Portuguese arrival and a 1 Real coin for the 2016 Summer Olympics.
What Is the Relationship Between BRL and USD?
The relationship between the Brazilian Real (BRL) and the United States Dollar (USD) is a significant aspect of international finance, particularly in the context of exchange rates and trade. Initially, upon its introduction in 1994, the Real was pegged to the U.S. dollar, establishing a fixed exchange rate to stabilize Brazil's then-volatile economy. This peg was part of Brazil's broader strategy to control hyperinflation and foster economic stability.
However, in 1999, Brazil shifted to a floating exchange rate system due to external economic pressures, notably the Russian debt crisis. Since then, the Real's value against the Dollar has been subject to market forces, including Brazil's economic performance, inflation rates, political stability, and global financial market trends. The USD/BRL exchange rate is a crucial indicator for both countries, influencing trade balances, investment flows, and economic policies.
IPV to BRL conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | R$14.27 | 0.0200% / 0.0320%VIP 7 | |
Huobi | R$14.4 | 0.1000% / 0.1000% | Yes |
How to buy IPVERSE
Buy IPV (or USDT) for BRL (Brazilian Real) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
V VellumTech 83 trades|Completion rate 97.00% | 5.549 BRL | Amount4174.01 USDT Limit400 - 15000 BRL | ||
I IJStrader 37 trades|Completion rate 100.00% | 5.72 BRL | Amount468.75 USDT Limit50 - 631 BRL | ||
D Drop Trader 218 trades|Completion rate 96.00% | 5.72 BRL | Amount537.35 USDT Limit50 - 1000 BRL | ||
n niresvicente 30 trades|Completion rate 94.00% | 5.73 BRL | Amount300 USDT Limit50 - 800 BRL | ||
A Alex.p2p 227 trades|Completion rate 98.00% | 5.74 BRL | Amount400 USDT Limit100 - 2296 BRL |
Sell IPV (or USDT) for BRL (Brazilian Real) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
I IJStrader 37 trades|Completion rate 100.00% | 5.513 BRL | Amount600 USDT Limit100 - 5500 BRL | ||
a arielon 15 trades|Completion rate 88.00% | 5.513 BRL | Amount151 USDT Limit100 - 832 BRL | ||
P P2P very fast 466 trades|Completion rate 97.00% | 5.511 BRL | Amount3625.49 USDT Limit100 - 5800 BRL | ||
G Gabriel 300 28 trades|Completion rate 90.00% | 5.51 BRL | Amount101 USDT Limit50 - 556.51 BRL | ||
D DanielHatano 68 trades|Completion rate 100.00% | 5.504 BRL | Amount99270.07 USDT Limit200 - 30000 BRL |
What factors influence the conversion rate of IPVERSE to Brazilian Real?
IPVERSE to Brazilian Real is falling this week.Conversion tables
The exchange rate of IPVERSE is decreasing.IPV to BRL
BRL to IPV
Today vs. 24 hours ago
Amount | 19:43 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 IPV | $1.3 | $1.32 | -1.07% |
1 IPV | $2.61 | $2.63 | -1.07% |
5 IPV | $13.03 | $13.17 | -1.07% |
10 IPV | $26.07 | $26.35 | -1.07% |
50 IPV | $130.34 | $131.75 | -1.07% |
100 IPV | $260.68 | $263.5 | -1.07% |
500 IPV | $1,303.4 | $1,317.5 | -1.07% |
1000 IPV | $2,606.8 | $2,635 | -1.07% |
Today vs. 1 month ago
Amount | 19:43 today | 1 month ago | 1M change |
---|---|---|---|
0.5 IPV | $1.3 | $1.92 | -32.33% |
1 IPV | $2.61 | $3.85 | -32.33% |
5 IPV | $13.03 | $19.25 | -32.33% |
10 IPV | $26.07 | $38.5 | -32.33% |
50 IPV | $130.34 | $192.5 | -32.33% |
100 IPV | $260.68 | $385 | -32.33% |
500 IPV | $1,303.4 | $1,924.99 | -32.33% |
1000 IPV | $2,606.8 | $3,849.99 | -32.33% |
Today vs. 1 year ago
Amount | 19:43 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 IPV | $1.3 | $0.002209 | -- |
1 IPV | $2.61 | $0.004417 | -- |
5 IPV | $13.03 | $0.02209 | -- |
10 IPV | $26.07 | $0.04417 | -- |
50 IPV | $130.34 | $0.2209 | -- |
100 IPV | $260.68 | $0.4417 | -- |
500 IPV | $1,303.4 | $2.21 | -- |
1000 IPV | $2,606.8 | $4.42 | -- |
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