BER Currency News

BER Home/s

  1. Home
  2. Guides
  3. Currency
  4. Brazilian Real (BRL)

Brazilian Real (BRL) - BER Currency Guide

In this currency guide we look at :

  1. BRL General Info
  2. BRL Market View
  3. BRL Cross Rates

Brazilian Real General Info

The three letter currency code for the Brazilian Real is BRL and the symbol is R$. It is the domestic currency in Brazil.

Trading in Brazil’s real contributes to around 1% of the foreign exchange market’s daily turnover. The real is subdivided into 100 centavos.

The value of Brazil’s real is heavily influenced by commodities prices, given that the country’s top exports include iron ore, crude oil and the ‘soft’ commodities, especially soybeans.

As an emerging market currency, the real is considered riskier than currencies from major developed nations, which means that its value will fall against those currencies (especially JPY, USD, CHF, GBP and EUR) during periods of economic uncertainty or when global geopolitical risk is elevated, or during bouts of high market volatility.

Since the year 2000, the real’s highest valuation against the US dollar occurred in July 2011 when the exchange rate for USD/BRL fell to just 1.531. Its lowest value came in September 2015, when USD/BRL reached 4.248 following a plunge in commodities prices.

Read our Travel Guide to Brazil

BRL - Currency Market News

In mid-August, BNP Paribas’ chief Latin America strategist forecast a rise in the real to R$3.0 against the US dollar by year-end, from rates of R$3.175 at the time.

A move to $3.0 would take Brazil’s currency to levels not seen since the first half of 2015 and would mark a near-6% rise in its value. The real was already up 2.5% on the year against USD.

The real had done well to recover losses from May’s frightening one-day crash which followed revelations of bribery and corruption involving the country’s president, Michel Temer. In moves likened by traders to those experienced during the 2008 financial crisis, the real fell by 8% on May 18th to R$3.4.

Much of the real’s recovery was, however, the result of a tumbling US dollar generally, and not because of anything particularly positive about the Brazilian political or economic outlook.

Against the euro, in mid-August, the real remained weak and was down 8% on the year. Against a regional peer, the Mexican peso, the real was close to its May 18th lows and was down nearly 12% on the year.

Despite Brazil’s economy growing 1% in Q1, ending the longest recession in the country’s history, annualized growth rates remain negative. Brazil’s economy contracted in the year ending March-31 by 0.4%.

Looking forward, a weak dollar, which typically leads to stronger commodities prices, should support the real given Brazil's status as a major commodities exporter. A weak dollar might also prompt capital flows to emerging markets.

Politically, while President Temer was seemingly let off the hook in August after Brazil’s Congress voted marginally for him to avoid standing trial on corruption charges, Brazil’s political situation will remain tense, at least until next year’s election.

Popular BRL Cross Rates
View Full List (A-Z)

Brazilian Real - Best Rate Calculators

Compare BRL Foreign Transfers Compare BRL Travel Money

Popular Currency Guides

Euro (EUR)

British Pound Sterling (GBP)

US Dollar (USD)

Australian Dollar (AUD)

Full List (A-Z)

BER logo Best Exchange Rates - We make it Easy to Compare Exchange Rates & Fees of Banks and Currency Exchange & Payment Providers

Level 2, 50 Bridge St, Sydney NSW 2000.

Disclaimer | Copyright | Privacy Statement


Best Exchange Rates is an information only service. By browsing on the website, using our comparison tools or FX provider referral service, you are asking Best Exchange Rates to provide you with information about currency exchange products & services from multiple financial institutions.

We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product.

If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with Best Exchange Rates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details.

Best Exchange Rates may receive fees or other benefits in relation to activity on the Best Exchange Rates website. Best Exchange Rates may receive remuneration for vendor referral links. Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.

Read our Full Terms of Service


This website and its contents are the copyright of BEST EXCHANGE RATES PTY LTD © 2009-17. All rights reserved.

Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following. You may print or download contents to a local hard disk for your personal and non-commercial use only. You may copy some extracts only to individual third parties for their personal use, but only if you acknowledge the website as the source of the material.

You may not, except with our express written permission, distribute or commercially exploit the content. You may not transmit it or store it on any other website or other form of electronic retrieval system.

For more details or request distribution right please contacxt us here.