Información sobre la moneda de Brasil | Global Exchange (2024)

FAQs

What type of money does Brazil use? ›

By law, the Brazilian real (R$) is the only currency accepted in Brazil. If a traveler comes from abroad bringing foreign currency, one should exchange it for reals at an institution authorized by Banco Central do Brasil (BCB) to trade foreign exchange, or at their hired correspondents.

When it was established in 1994, the Real was fixed to the USD, though in 1999, the Real became floated to the USD, which is its current position.

The Brazilian real (BRL) is the official currency of Brazil. It is divided into 100 centavos. The symbol of the Brazilian real is R$.

R$

Brazilian Real / Symbol

The lowest volatility in a decade already has locals piling into bets on the Brazilian real. Foreigners should come next. The currency, which saw wild swings for most of the past decade as constant political turmoil rippled through markets and the economy, has been stuck between 4.84 and 5 per dollar since mid-2023.

According to the source, Brazil had roughly 1.49 trillion U.S. dollars worth of gross public debt in domestic currency in the second quarter of 2023, up from 1.37 trillion dollars in the former quarter.

The Brazilian economy operates with a floating exchange rate regime and—consistent with the inflation-targeting regime—the BCB does not intervene in the FX market to determine the exchange rate level.

What is the real name of Brazil? ›

Brazil, officially the Federative Republic of Brazil, is the largest and easternmost country in South America and in Latin America.

The currency in Brazil is called the Real (BRL). This money began to be used in Rio in 1994 and was a great move as it has led to very low inflation.

This statistic displays the average cost of a pint (or 500 ml) of beer in Rio de Janeiro, Brazil from 2014 to 2019. In 2019, the price of a beer in Rio amounted to approximately 2.80 U.S. dollars, down from 3.20 U.S. dollars the previous year.

Five out of 10 respondents from Brazil indicated they had used PayPal in a POS setting between April 2022 and March 2023 - with an additional eight out of 10 saying they used PayPal during this same time for online payments.

1 USD = 5.2035 BRL Apr 19, 2024 22:02 UTC

The currency converter below is easy to use and the currency rates are updated frequently.

Cash payments

Both banknotes and coins are legal tender in the Brazilian territory, but the acceptance of coins, as a payment instrument, is mandatory only up to 100 units of each denomination.

Is Brazil Expensive for Tourists? Quick Answer: Yes – Brazil is amongst the top 5 most expensive countries in Latin America – so you'll need to adjust your budget to be able to extend your stay here.

Debit or credit card

Card payments can be helpful in shops, restaurants and hotels but there will be places where cash is also important. Order a travel card from a provider like Wise for cheap and fast transactions, including card payments and cash withdrawals as and when you need travel money in BRL.