Brazil Currency Exchange Rate: USD to BRL – Latest Updates

790 brazil currency exchange rate usd to brl latest updates

Brazil Currency Exchange Rate: USD to BRL – Latest Updates

Current USD to BRL Exchange Rate

The current exchange rate between the United States Dollar (USD) and the Brazilian Real (BRL) is 1 USD = 5.4412041 BRL as of Jun 19, 2024 at 08:59 UTC, according to the mid-market rate provided by Xe. This means that for every 1 US Dollar, you can receive approximately 5.44 Brazilian Reals.

It’s important to note that the mid-market rate is used for informational purposes only and may not reflect the actual rate you receive when exchanging currency. Exchange rates can vary depending on the provider, location, and method of exchange.

Latest USD/BRL Conversion Rates

Here are the latest conversion rates between USD and BRL:

  • 1 USD = 5.4412041 BRL
  • 1 BRL = 0.183783 USD

These rates are based on the mid-market rate provided by Xe and are subject to change. To get the most up-to-date exchange rates, you can use Xe’s currency converter or set up rate alerts to stay informed about any changes.

30-Day High and Low Exchange Rates

Over the past 30 days, the USD to BRL exchange rate has fluctuated, with the following highs and lows:

  • Highest exchange rate: 5.4413 BRL
  • Lowest exchange rate: 5.1038 BRL
  • Average exchange rate: 5.2625 USD to BRL

The volatility of the USD to BRL exchange rate over the past 30 days has been 0.56%. This means that the exchange rate has experienced relatively small fluctuations during this period.

Overview of the Brazilian Real (BRL)

The Brazilian Real (BRL) is the official currency of Brazil, with the currency code BRL and symbol R$. It was introduced in 1994 as part of the Plano Real, a monetary reform plan aimed at stabilizing the country’s economy and combating high inflation rates.

The Central Bank of Brazil (Banco Central do Brasil) has the exclusive authority to issue banknotes and coins in Brazil. The real is subdivided into 100 centavos.

BRL Currency Details and Denominations

Brazilian banknotes come in denominations of 2, 5, 10, 20, 50, and 100 reais. Each banknote features images that symbolize the republic and the country’s diverse wildlife. For example:

  • The 10-real note features an image of Pedro Álvares Cabral, the Portuguese navigator who first explored Brazil.
  • The 5-real note depicts a crane, while the 10-real note showcases the arara bird.
  • The 50-real note features a leopard, representing Brazil’s fauna.

Coins are issued in denominations of 5, 10, 25, and 50 centavos, as well as 1 real.

Brazil’s Monetary History and the Real

Prior to the introduction of the real, Brazil underwent several changes in its monetary system due to high inflation rates. The country used the reís during the colonial period until 1942, when it was replaced by the cruzeiro. The cruzeiro was later replaced by the cruzado in the mid-1980s, followed by the cruzeiro real in 1993.

The real was introduced in 1994 as part of the Plano Real, a comprehensive economic plan that successfully stabilized the economy and reduced inflation. The real replaced the cruzeiro real at a rate of 1 real = 2,750 cruzeiro reals.

Exchanging Money in Brazil

When traveling to Brazil, it’s essential to understand the different exchange rates and methods for converting your money into Brazilian reals. The United States dollar (USD) is widely accepted and easy to exchange in major cities like Rio de Janeiro.

Here are some tips for exchanging money and getting the best rates in Brazil:

  • Bring USD or travel money cards, as they offer better exchange rates compared to other currencies.
  • Avoid exchanging money before arriving in Brazil, as you’ll likely get less favorable rates.
  • Consider using cash cards or travel money cards, which can be used at ATMs to withdraw reals directly.

Official, Tourist, and Parallel Exchange Rates

In Brazil, there are three main types of exchange rates:

  1. Official rate: This rate is set by the Central Bank of Brazil and oversees any business deals.
  2. Tourist rate: This rate is used for tourists making purchases with credit cards and is usually close to the official rate.
  3. Parallel rate: This rate is used to convert cash into reals outside of banks and formal exchange houses. It may offer better rates than the tourist rate.

When exchanging money, it’s important to compare rates from different providers and choose the one that offers the best value for your currency.

Tips for Getting the Best Exchange Rates

To get the best exchange rates and make the most of your money while in Brazil, consider the following tips:

  • Use ATM kiosks to withdraw reals directly from your bank account. This often provides better rates than exchanging cash at banks or currency exchange offices.
  • Plan ahead for holidays like Carnival, as ATMs may run out of cash due to high demand. Be sure to withdraw enough money in advance.
  • Compare rates from different providers, including banks, currency exchange offices, and online services, to find the best deal.

By following these tips and being aware of the different exchange rates, you can ensure that you get the most value for your money while traveling in Brazil.

XE Currency Services for USD/BRL

Xe is a trusted provider of currency exchange information and services, offering a range of tools to help you navigate the world of foreign exchange. Whether you need to convert USD to BRL, send money abroad, or access historical exchange rate data, Xe has you covered.

XE Currency Converter and Rate Alerts

Xe’s currency converter allows you to quickly and easily calculate exchange rates between USD and BRL, as well as over 170 other currencies. Simply enter the amount you want to convert, select your currencies, and get an instant result based on the latest mid-market rates.

To stay informed about changes in the USD to BRL exchange rate, you can sign up for Xe’s rate alerts. This free service sends you email or SMS notifications when the exchange rate reaches your desired level, helping you make informed decisions about when to convert your money.

XE Money Transfer and Currency Data API

If you need to send money from the United States to Brazil or vice versa, Xe’s money transfer service offers competitive rates and a simple, secure process. With Xe, you can transfer funds directly to a bank account in Brazil, often at a lower cost than traditional banks.

For businesses and developers who require access to reliable currency data, Xe offers a Currency Data API. This powerful tool provides real-time and historical exchange rates, as well as currency information and conversion functionality, which can be easily integrated into your applications or workflows.

Xe also offers a mobile app for iOS and Android devices, allowing you to access currency conversion tools, real-time exchange rates, and money transfer services on the go. With over 70 million downloads worldwide, the Xe app is a popular choice for travelers, businesses, and anyone who needs to stay on top of currency exchange information.

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