Brazilian Real (BRL) Profile
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Brazilian real users
The Brazilian real is the currency of Brazil (officially Federative Republic of Brazil) which is the largest country in South America and world’s fifth largest country.
Brazil declared independence from the United Kingdom of Portugal on September 7, 1822 and was recognized on August 29, 1825.
Brazil is a member of the Union of South American Nations (briefed as UZAN or UNASUL or UNASUR according to various languages) which is an intergovernmental union and was established on December 8, 2004, consisting of twelve members and 2 observers (Mexico and Panama). The Union of South American Nations expects to model the European Union and introduce a common currency, possibly by 2019.
|Bolivia||Venezuelan bolívar fuerte||BOB||6.90964||9.23015||10.7047|
|Ecuador||United States dollar||USD||1.00000||1.33592||1.54932|
|Peru||Peruvian nuevo sol||PEN||2.56899||3.43197||3.98019|
|Panama <2>||Panamanian balboa||PAB||1.00000||1.33592||1.54932|
|Mexico <2>||Mexican peso||MXN||12.6915||16.9561||10.6619|
<1>. The group expects to model the EU with a common currency by 2019.
<2>. Mexico and Panama are observers of the Union of South American Nations.
Brazilian real history
The Brazilian real has been the present-day currency of Brazil since July 1, 1994, replacing the previous currency of cruzeiro real (BRR) at 1 BRL=2750 BRR. The first official currency of Brazil is real which was used from 1790 to 1942. So the present real (BRL) somehow equals 2.75 x 1018 (2.75 quintillions) to the original real.
|Currency name||Code||Introduced since||(Being) used until||Notes|
|Brazilian real||BRL||June 20, 1994||present||New real. It replaced the cruzeiro real at 1 BRL=2750 BRR. The new real is equal to 2.75 x 1018 (2.75 quintillions) of Brazil's original real (existed from 1790 to 1942).|
|Brazilian cruzeiro real||BRR||August 1, 1993||June 20, 1994||Cruzeiro real replaced the 3rd cruzeiro at a rate of 1 BRR=1000 BRE.|
|Brazilian cruzeiro||BRE||March 15, 1990||August 1, 1993||3rd Cruzeiro. It replaced the cruzado nono at 1 BRE=1000 BRN.|
|Brazilian cruzado novo||BRN||January 15, 1989||March 15, 1990||Cruzado nono replaced the cruzado at a rate of 1 BRN=1000 BRC|
|Brazilian cruzado||BRC||Feburay 28, 1986||January 15, 1989||Cruzado replaced the cruzeiro nono at a rate of 1 BRC= 1000 BRB.|
|Brazilian cruzeiro nono||BRB||Feburay 12, 1967||Feburay 28, 1986||2nd Curzeiro. Cruzeiro nono replaced the cruzeiro at 1 BRB=1000 BRZ.|
|Brazilian cruzeiro||BRZ||Novomber 1, 1942||Feburay 12, 1967||1st Cruzeiro. Cruzeiro replaced the real at a rate of 1 BRZ =1000 reals.|
|Brazilian real(old)||/||1790||Novomber 1, 1942||Brazil first officialy currency, replaced by cruzeiro in 1942 and the name was resurrected in 1994.|
Brazilian real coins and banknotes
The Brazilian real is subdivided into 100 centavos.
Currently in circulations coins are in denominations of 5, 10, 25, 50 centavos, 1 real, and banknotes are in denominations of 2, 5, 10, 20, 50, 1000 reals.