ExchangeRate.com - Currency Information Brazilian Real | Post | View The real (pronounced /reÍäl/ in English) is the present-day currency of Brazil. Its sign is R$ and its ISO code is BRL. It is subdivided into 100 centavos ("hundredths"). In Brazil, the decimal separator is a comma, and a period may be used as thousands separator, as in "R$ 123.456,78". The modern real was introduced in 1994 as part of the Plano Real, a substantial monetary reform package that aimed to put an end to three decades of rampant inflation. At the time it was meant to have approximately fixed 1:1 exchange rate with the United States dollar. It suffered a sudden devaluation to a rate of about 2:1 in 1999, reached almost 4:1 in 2002, then partly recovered and has been approximately 2:1 since 2006. The exchange rate as of June 18, 2010 is approximately BRL 1.77 to USD 1.00.

The first official currency of Brazil from 1690 to 1942 was also called real (plural reis, sign Rs$). In Portuguese the word real means both "royal" and "real". The name of the historic real derived from the first sense. The name of the modern currency is generally understood to refer both to the historic unit and to the second sense. The dollar-like sign in the currency's symbol (both historic and modern), and in all the other past Brazilian currencies, is officially written with two vertical strokes () rather than one. However Unicode considers the difference to be only a matter of font design, and does not have a separate code for the two-stroked version. HISTORY The modern real (plural reais) was introduced on July 1, 1994, during the presidency of Itamar Franco, when Fernando Henrique Cardoso was the Minister of Finance, as part of a broader plan to stabilize the Brazilian economy, known as the Plano Real. The new currency replaced the short-lived cruzeiro real (CR$). The reform included the demonetization of the cruzeiro real and required a massive banknote replacement.

At its introduction, the real was defined to be equal to 1 unidade real de valor (URV, "real value unit") a non-circulating currency unit. At the same time the URV was defined to be worth 2750 cruzeiros reais, which was the average exchange rate of the U.S. dollar to the cruzeiro real on that day. As a consequence, the real was worth exactly one US dollar as it was introduced. Combined with all previous currency changes in the country's history, this reform made the new real equal to 2.75 x 1018 (2.75 quintillion) of Brazil's first currency, which was also called "real". Soon after its introduction, the real unexpectedly gained value against the U.S. dollar, due to large capital inflows in late 1994 and 1995. During that period it attained its maximum dollar value ever, about US$ 1.20.

Between 1996 and 1998 the exchange rate was tightly controlled by the Central Bank, so that the real depreciated slowly and smoothly in relation to the dollar, rising from near 1:1 to about 1.2:1 by the end of 1998. In January 1999 the Central Bank, under its new president Arminio Fraga, released its control. The Real suffered sudden and unexpected maxi-devaluation, to a rate of almost R$2 : US$1. In the following years, the currency's value against the dollar followed an erratic but mostly downwards path from 1999 until late 2002, when the prospect of the election of leftist candidate Luiz Inacio Lula da Silva, considered a radical populist by sectors of the financial markets, prompted another currency crisis and a spike in inflation. Many Brazilians feared another default on government debts or a resumption of heterodox economic policies, and rushed to exchange their reais into tangible assets or foreign currencies. In October 2002 the exchange rate reached its historic low of almost R$4 per US$1.

The crisis subsided once Lula took office, after he, his finance minister Antonio Palocci, and Arminio Fraga reaffirmed their intention to continue the orthodox macroeconomic policies of his predecessor (including inflation-targeting, primary fiscal surplus and floating exchange rate, as well as continued payments of the public debt). The value of the real in dollars continued to fluctuate but generally upwards, so that by 2005 the exchange was a little over R$2 : US$1. In May 2007, for the first time since 1999, the real became worth more than US$ 0.50 - even though the Central Bank, concerned about its effect on the Brazilian economy, had tried to keep it below that symbolic threshold. As of June 22, 2010, 1 Brazilian real is valued at 0.5612 US dollars; in other words, while 1 U.S. dollar is worth 1.7820 Brazilian real.

COINS First series (1994-2003) In 1994, coins were introduced in denominations of 1, 5, 10, 25 and 50 cents and 1 real. All were struck in stainless steel. They remain legal tender but since December 23, 2003 they are being withdrawn from circulation by the Central Bank. Second series (1998-) In 1998, a second series of coins was introduced. It featured copper-plated steel coins of 1 and 5 centavos, brass-plated steel coins of 10 and 25 centavos, a cupronickel 50 centavos coin, and a bi-coloured brass and cupronickel coin of 1 real. From 2002 onwards, steel was used for the 50 centavos coin the central part of the 1 real coin. In November 2005, the Central Bank discontinued the production of 1 centavo coins, but the existing ones continue to be legal tender. Retailers now generally round their prices to the next 5 or 10 centavos.

Commemorative coins The Brazilian Central Bank has also issued special commemorative versions of the 1 real coin on special occasions. These coins are legal tender and differ from the standard ones only on the reverse side. BANKNOTES Original series In 1994, banknotes were introduced in denominations of 1, 5, 10, 50 and 100 reais. These were followed by 2 reais in 2001 and 20 reais in 2002. In January, 2006, BCB discontinued the production of the 1 real banknote, but it remains legal tender. Polymer 10 real note In April 2000, in commemoration of the 500th anniversary of the Portuguese arrival on Brazilian shores, the Brazilian Central Bank released a polymer 10 real banknote that circulates along with the other banknotes above. The Brazilian Mint printed 250 million of these notes, which at the time accounted for about half of the 10 real banknotes in circulation.

This note contains a more complex design, as follows:Obverse: Image of Pedro Alvares Cabral, the Portuguese sea captain; A representation of the map "Terra Brasilis", one of the earliest drawings of the land; A passage from Pero Vaz de Caminha's letter to King Manuel I of Portugal, the first known description of Brazil; A 16th century Portuguese Rose of Winds; To the right of the map, five ships from Cabral's expedition appear; In the background, decorative elements from Portuguese tiles can be seen; The white area around the red dot is actually transparent (the red dot is translucent); Finally, also in the background, the Cross from the Order of Christ, which was present in all Portuguese ships of the time, appears. Reverse: A styled version of a map of Brazil with photographs depicting the ethnic variety of the Brazilian people (white, black, amerindian). New series On February 3, 2010, the Central Bank of Brazil announced a new series of the real banknotes which would begin to be released in April 2010. The new design will add security enhancements to avoid counterfeiting.

The notes will have different sizes according to their values to help vision-impaired people. The changes were made reflecting the growth of the Brazilian economy and the need for a stronger and safer currency. The new banknotes will be gradually implemented through 2012, coexisting with the older ones. Brazilian Banknotes & Coins Brazilian Banknotes & Coins All the most current Brazilian banknotes (paper money / currency) and coins in circulation are displayed below. While older coin designs remain in circulation, they are not displayed here. New banknote designs (announced in February, 2010) are also displayed here. For the latest, up to the minute exchange rate for the real to/from US dollars, euros, British pounds, Japanese yen and numerous other currencies, visit the free online Currency Converter . For even more financial related information, also see Brazilian currency and Brazilian banking and banks . You may download a zip file containing all the banknotes and coins (with front and obverse sides) displayed here below. Caution! Especially when dealing with money, keep in mind that, in Brazil, the use of commas (,) and periods (.) expressed in numerals is exactly the opposite of what is used in the United States.

Brazilians use a period (.) instead of a comma (,) ï¿½to delineate thousandsï¿½ and a comma (,) instead of a period (.) ï¿½to delineate fractions. Normally, an amount in reais is written as R$, consequently, R$ 6,00 (with a comma) is six reais and R$ 6.000 (with a period) is six thousand reais. Likewise, for amounts with fractions (centavos), it's 1.045,25 instead of 1,045.25 (one thousand, forty five reais and twenty five centavos) or R$ 10,25 instead of R$ 10.25 (ten reais and twenty five centavos). Brazilian Banknotes (shown smaller than actual size which is 140 X 65 mm ï¿½ slightly smaller than a US dollar) The female effigy on the face of all Brazilian banknotes is a representation of a young woman wearing a crown of bay leaves.

Down through history, this effigy has often been used in allegoric paintings and sculptures displayed in government buildings throughout Brazil as well as being used on Brazilian coins and banknotes. It was first used as a pro-Republican icon in the 19th century and was inspired by France's Marianne. After the proclamation of the Republic in 1889, it became an important symbol of the newly formed Brazilian Republic.

Place your cursor over any banknote to see its obverse or reverse side (requires that your browser is Java enabled) R$ 1,00 ï¿½ Um Real (production discontinued in 2005) R$ 2,00 ï¿½ Dois Reais R$ 5,00 ï¿½ Cinco Reais R$ 10,00 ï¿½ Dez Reais R$ 20,00 ï¿½ Vinte Reais R$ 50,00 ï¿½ Cinqüenta Reais R$ 100,00 ï¿½ Cem Reais R$ 10,00 ï¿½ Dez Reais (polymer commemorative only issued in 2000 celebrating the 500th anniversary of Brazil) New Banknotes In February, 2010, the Central Bank of Brazil announced that an entirely new series of banknotes would be issued starting in 2010. The new banknotes started being issued in December, 2010 with the release of the new R$50 and the new R$100 banknotes.

Issuance of all other denominations will be gradually completed by 2012. The new banknotes are the first design change since the real was adopted in 1994 and provide better anti-counterfeiting protection. All older banknotes will be valid and honored as long as they remain in circulation. Brazilian Coins (shown approximately 25% larger than actual size) Place your cursor over any coin to see its obverse or reverse side (requires that your browser is Java enabled) 1 Centavo Centavo - definition of centavo by The Free Dictionary Centavo - definition of centavo by The Free Dictionary (sĕn-tä′vō) n. pl. cen·ta·vos 1. A unit of currency that is equal to 1/100 of the primary unit of currency in many Spanish- and Portuguese-speaking countries, including Argentina, Brazil, and Mexico. 2. A former unit of currency that was equal to 1/100 of the Portuguese escudo.

[Spanish, hundredth, from Latin centum, hundred; see dekm̥ in the Appendix of Indo-European roots.] centavo (sɛnˈtɑːvəʊ) n, pl -vos 1. (Currencies) a monetary unit of Argentina, Bolivia, Brazil, Cape Verde, Chile, Colombia, Cuba, the Dominican Republic, Guatemala, Guinea-Bissau, Honduras, Mexico, Mozambique, Nicaragua, and the Philippines. It is worth one hundredth of their respective standard units 2. (Currencies) a former monetary unit of Ecuador, El Salvador, and Portugal, worth one hundredth of their former standard units [Spanish: one hundredth part] (sɛnˈtɑ voʊ) n., pl. -vos. a monetary unit of the Philippines, Portugal, and various Latin American nations, equal to 1/100 of the basic currency. [1880–85; < Sp: the 100th part =cent- 100 (see cent ) + -avo < Latin -āvum as in octāvum eighth; see octavo ] ThesaurusAntonymsRelated WordsSynonymsLegend: Noun 1.

centavo - a fractional monetary unit of several countries: El Salvador and Sao Tome and Principe and Brazil and Argentina and Bolivia and Colombia and Cuba and the Dominican Republic and Ecuador and El Salvador and Guatemala and Honduras and Mexico and Nicaragua and Peru and the Philippines and Portugal fractional monetary unit , subunit - a monetary unit that is valued at a fraction (usually one hundredth) of the basic monetary unit austral - the basic unit of money in Argentina; equal to 100 centavos El Salvadoran colon , colon - the basic unit of money in El Salvador; equal to 100 centavos real - the basic unit of money in Brazil; equal to 100 centavos dobra - the basic unit of money on Sao Tome e Principe Cape Verde escudo , escudo - the basic unit of money on Cape Verde; equal to 100 centavos escudo , Portuguese escudo - formerly the basic monetary unit of Portugal; equal to 100 centavo lempira - the basic unit of money in Honduras; equal to 100 centavos metical - the basic unit of money in Mozambique; equal to 100 centavos boliviano - the

 basic unit of money in Bolivia; equal to 100 centavos cordoba - the basic unit of money in Nicaragua; equal to 100 centavos Colombian peso , peso - the basic unit of money in Colombia; equal to 100 centavos Cuban peso , peso - the basic unit of money in Cuba; equal to 100 centavos Dominican peso , peso - the basic unit of money in the Dominican Republic; equal to 100 centavos Guinea-Bissau peso , peso - the basic unit of money in Guinea-Bissau; equal to 100 centavos Mexican peso , peso - the basic unit of money in Mexico; equal to 100 centavos Philippine peso , peso - the basic unit of money in the Philippines; equal to 100 centavos peso , Uruguayan peso - the basic unit of money in Uruguay; equal to 100 centesimos quetzal - the basic unit of money in Guatemala; equal to 100 centavos sucre - the basic unit of money in Ecuador; equal to 100 centavos Translations Brazil Currency – 5 Interesting Facts about the Real Tell your

 story Brazil Currency – 5 Interesting Facts about the Real The Brazil currency is called the real and its sign is "R$." If you are planning a trip to Brazil, you should know what their currency is.

Its ISO code is BRL, and the real is subdivided into 100 centavos or hundredths. Money is a thing not many people care to learn much about, but it can be just as interesting as other cultural aspects of a country. Listed below are 5 interesting Brazil facts about the real: Opposite of American Money – Instead of using a decimal point for the decimal separator, the Brazilian reals have a comma. The thousands separator for Brazilian money is the period. For example, one thousand dollars and twenty cents in the U.S. is written as "$1,000.20." In Brazil, one thousand reals is "R$ 1.000,20." Essentially, periods and commas are opposite in Brazilian money compared to American money. Real means "Real" and "Royal" – In Portuguese, the real translates as both real and royal. The Currency of Brazil went through Many Changes – It took eight changes in Brazil currency, for the country to finally settle on the real. During the 17th century, while the Dutch tried and failed to occupy Brazil, the Portuguese ruled throughout Brazil, and the beginning of Brazilian independence, the currency used was the original real.

By 1942, as a result of gross inflation, Brazil decided to change its currency to the cruzeiro. In 1967, the cruzeiro was changed slightly to the cruzeiro novo.The cruzeiro novo was short lived, as only 3 years later Brazil changed its currency back to the old cruzeiro. Once again Brazil suffered inflation throughout the 1980's. In turn, the Brazilian government eliminated 3 zeros off of the end of the cruzeiro and yet again created a new currency. In 1986, Brazil began using a currency called the cruzado. Even with all of the changes in currency, inflation remained a problem, so Brazil chopped 3 zeros off the end of the cruzado. This currency was then labeled the cruzado novo. However, the cruzado novo was even more short lived than the cruzeiro novo. It barely lasted for a full year! In 1990, the Brazilian government reverted back to the original cruzeiro. Inflation continued and by 1993, a transitional currency called the cruzeiro real or plural cruzeiro real was implemented.

Finally, in 1994, the current Brazilian reals was established and has remained a relatively stable currency to this day. Each Bill Is a Unique Work of Art – Brazilian bills are made in (1), 2, 5, 10, 20, 50, and 100 real notes. The production of the 1 note has been discontinued, but is still used as it is legal tender. Each note comes in a unique main color in a variety of shades. The 1 is green; 2 is blue; 5 is purple; 10 is pink/red; 20 is yellow; 50 is orange; and the 100 is light blue. In addition, each Brazilian bill has a different animal on the back. For example, the 20 has a golden lion tamarin and the 100 has a dusky grouper (type of fish). Brazilian money is as unique as the culture.

A Constellation is Printed on Each Brazilian Coin – Now, in the Brazil currency, the coins are available in 5, 10, 25, and 50 centavos (percents of one real) and 1 real coin. Each coin has the constellation Crux, also known as the Southern Cross, printed on it. The Brazilian word for the Cruz is cruzeiro. I hope you have enjoyed these Brazil facts about the Brazilian money used in this amazing country. Ate logo! Brazilian Currency Brazilian Currency | Home | Currency Converter | Brazilian Banknotes/Coins | Brazil's currency unit is the real (plural = reais ) and is made up of 100 centavos and written using the symbol R$. The currency exchange symbol for the real is BRL. The real has been relatively stable for Brazil since its introduction in June, 1994. The rampant inflation of the early 1990's (often amounting to over 1% per day) is now only a distant memory.

The real is issued in denominations of 1 real (as both a note that is no longer being produced and a coin ), 2 reais , 5 reais , 10 reais , 20 reais , 50 reais and 100 reais notes. Centavos are issued in denominations of 1 centavo (no longer produced and now VERY rare), 5 centavos , 10 centavos, 25 centavos and 50 centavos . At its introduction in June, 1994, the exchange rate of the real was essentially on a par with the US dollar. Since then, it has fluctuated widely and at one point, in mid August, 2000, dropped as low as R$ 4.03 = USD$ 1.00. However, since then, the Brazilian real has made the most impressive gains against the US dollar of any currency in the world and continues to do so. At the end of 2009, the U.S.

dollar was near an eight year low against the real, having lost a whopping 33+% of its value during 2009 alone. During the past 12 month period, the exchange rate of the U.S. dollar (USD) has fluctuated from a low of (BRL) R$1.5310 to a high of (BRL) R$1.7790. Throughout 2010, the U.S. dollar generally maintained a day-to-day exchange rate between (BRL) R$1.70 and (BRL) R$1.80, occasionally dipping below the (BRL) R$1.70 level. However, 2011 has thus far been devastating to the dollar. By late July, 2011, the dollar has fallen as low as R$1.5310, its lowest level since way before 2008 when the global financial crisis began. In April, 2010, the Brazilian Central Bank raised interest rates in the country, which had as its result the strengthening of the real and the weakening of the dollar.

The real reached a quarterly high of 1.7205 in April 2010, two days after the Brazilian Central Bank raised the benchmark interest rate 0.75 percentage point to 9.5 percent. Since then, the Brazilian Central Bank has raised the benchmark interest rate to 12.5% in an attempt to curb inflation. While some do not see the central Bank raising interest rates again in 2011, there are many who expect at least one more raise of 0.25% before the end of 2011 if inflation continues. During 2010 and on into 2011, the Central Bank of Brazil has held numerous spot auctions to buy U.S. dollars in their efforts to weaken the real and, thereby, make Brazilian exports less costly on the world market. On May 6, 2010, the real declined the most in almost a year and a half, primarily based upon concerns about Greeceï¿½s financial crisis and the worry that the crisis may spread to other European nations, including Ireland, Portugal, Spain and Italy. But this was only temporary. The real continues its climb against the dollar as well as other currencies.

For the latest, up to the minute exchange rate for the Brazilian real to/from US dollars, euros, British pounds, Japanese yen, etc., visit our online Currency Converter . and (for historical exchange rates of up to five years) visit . Information about Brazilian banking and banks is also available as well as examples of all the most current Brazilian banknotes and coins in circulation including their reverse / obverse sides. Also included are the designs of new series of banknotes that started being issued in late 2010. You may see different exchange rates listed in various places as commercial, bank, tourist and/or parallel. All are usually within a few points of the others. The commercial or bank rate is the rate most often used in commercial transactions as well as the one most often used (but not always) by online currency converters . The tourist rate is just what it implies, the exchange rate a tourist can expect if exchanging, for example, dollars for reais at an airport, bank, hotel, authorized money exchange or travel agency. The tourist rate is usually a little less than the commercial or bank rate. The parallel rate is often the basis used by cambistas (black market money changers).

For all rates, there is also a different rate depending upon whether you're buying or selling reais or buying or selling another currency (e.g. dollars, euros, pounds, yen, etc.). Caution! Especially when dealing with money, keep in mind that, in Brazil, the use of commas (,) and periods (.) expressed in numerals is exactly the opposite of what is used in the United States. Brazilians use a period (.) instead of a comma (,) ï¿½to delineate thousandsï¿½ and a comma (,) instead of a period (.) ï¿½to delineate fractions. Normally, an amount in reais is written as R$, consequently, R$ 6,00 (with a comma) is six reais and R$ 6.000 (with a period) is six thousand reais.

Likewise, for amounts with fractions (centavos), it's 1.045,25 instead of 1,045.25 (one thousand, forty five reais and twenty five centavos) or R$ 10,25 instead of R$ 10.25 (ten reais and twenty five centavos). | Brazil Currency - The Brazilian Real Is The Currency of BrazilBrazil My Country History About The Currency of Brazil The Brazil currency is called the Real (plural: Reais). The Brazilian Real is the official currency used in Brazil. Its symbol is R$ and its ISO code is BRL. Brazilian Coins The currency in Brazil is subdivided into 100 centavos (“hundredths”). The coins in circulation are of denominations of; 1, 5, 10, 25 and 50 Centavos, and a 1 Real coin. Brazilian Real – Banknotes The banknotes (paper money) in circulation are of denominations of; 1, 2, 5, 10, 20, 50, and 100 Reais.

Brazil Currency New Brazilian Banknotes – New Brazil Currency The new Brazilian real implements relevant size to worth In 2010, the Central Bank of Brazil announced a new series of Brazilian real banknotes. The new banknotes have begun to enter circulation in 2010, coexisting with the older ones. The newly designed banknotes have more security enhancements, such as a new holographic strip to prevent counterfeiting. The notes also have different sizes according to their values to help vision-impaired people. Although there are some changes in the design of the new banknotes, the figures and animals on the notes remain the same and also the color of the notes remains unchanged. The 50 and 100 real notes were issued first because they are the most forged banknotes, and the new 20 and 10 real bills released in 2011. The whole process will be finished by 2012, with the launch of the new 5 and 2 real notes. Older banknotes will remain in circulation during the whole process. In 2010, the Central Bank of Brazil announced a new series of Brazilian real banknotes.

The new banknotes have begun to enter circulation in 2010, coexisting with the older ones. The newly designed banknotes have more security enhancements, such as a new holographic strip to prevent counterfeiting. The notes also have different sizes according to their values to help vision-impaired people. Although there are some changes in the design of the new banknotes, the figures and animals on the notes remain the same and also the color of the notes remains unchanged. The 50 and 100 real notes were issued first because they are the most forged banknotes, and the new 20 and 10 real bills released in 2011. The whole process will be finished by 2012, with the launch of the new 5 and 2 real notes. Older banknotes will remain in circulation during the whole process. Tips for Travelers Exchanging Money, Exchange Rates & ATMs The American dollar and the Euro are typically not accepted when buying items in Brazil, so you must use the Brazilian real. You can exchange your currency upon arrival in the airport at exchange booths although the exchange rate is not very good. You can also find ATMs at the airport.

There are plenty of currency exchange services in the cities. Look for banks or places called Casas de Cambios (money-exchange house) to exchange to the Brazilian currency. There are many options to get and stay funded. Here is a list of options for getting money and exchanging: ATMs are the easiest way for travelers to stay funded because the machines are usually up-to-date with the current exchange rates. ATMs accept Visa, Cirrus, and MasterCard. Most ATMs in Brazil give you the option of being operated in English or Portuguese.Before you go, check with your bank whether your ATM card will work in Brazil. When you withdraw cash from an ATM you can only take out Brazilian Reais. There is usually an ATM transaction fee or a service fee that may be charged by the bank.ATMs are available all over the larger cities in Brazil. In smaller towns, ATMs can be tough to find, but typically are available if there is a bank in that town. When you’re taking cash out, be aware of your surroundings, there could be thieves in the area, though I have never had a problem before. Casas de Cambios (money exchange stores) are found in the larger cities.

Currency exchange rates are posted in the window of most these places. They will exchange your paper bills or traveler’s checks and there is a fee associated with the transaction. commission. Travelers checks can be cashed at a Casa de Cambio inside the larger cities and most banks should be able to exchange traveler’s checks. Most upscale hotels and restaurants will also sometimes accept traveler’s checks in Brazil. There is usually a fee for changing traveler’s checks. Banks can be found all over Brazil. You can find both international banks and Brazilian banks. Some banks are Citi Bank, Bank of America, HSBC, Santander, Banco do Brasil, Bradesco, Itau and more. You can almost always find ATMs at banks, where you’ll find a security guard in front of the bank. Brazilian Currency Exchange Rate Converter You can check the latest Brazil currency exchange rates using the currency converter tool below. Select the currency of your country and click on the “convert” button to see what the current exchange rate is. BRL | Brazilian Real | OANDA Brazilian Real Overview The Brazilian Real (BRL) is the official currency of Brazil. It is divided into 100 centavos. The symbol for the Brazilian Real is R$.

Brazil uses the period to separate thousands and the comma to separate decimals. In 1994, the new Real was introduced. Economy Brazil has a free-market economy. The GDP growth is 5% and is Brazil is rated as a fast-growing economy. Predictions are that Brazil’s economy will be the 5th largest in the world. Unemployment is estimated at 6%. The main industries are coal, airplanes, consumer products, textiles, ore, iron, steel, cement, fertilizers, toys, electronics, and armaments. Export products are footwear, coffee, paper, steel, machinery, transport equipment, automotive parts, and machinery. Import products are chemical products, electronics, machinery, oil, and transport equipment. History The new modernized Real was introduced in 1994 to stabilize the Brazilian economy. At that stage the exchange rate was 1 Real = 1 USD. The first series of Real coins was launched in 1994 and they were used until 1997. From 1996 to 1998, the Central Bank of Brazil controlled the exchange rate. The second series of real coins were introduced in 1998 and are still being used.

In 1999, the new President of the Central Bank decided to release the control over the exchange rate and the real suffered a massive devaluation to 2 Real = 1 USD. In 2002, the real reached its lowest exchange rate against the USD (4 Real = 1 USD). Since 2002, the real has been fluctuating; only in 2007 was it rated higher than the USD, reaching 0.5 Real = 1 USD. In 2004, new polymer banknotes were launched. Symbols and Names Centavo = 1/100 of a Real Denominations Bills: R$1, R$2, R$5, R$10, R$20, R$50, R$100 Coins: 5, 10, 25, 50 centavos. R$1 Countries Using This Currency SITE MAP © 1996 - 2017 OANDA Corporation. All rights reserved. "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation.

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412981) and is the issuer of the products and/or services on this website. It's important for you to consider the current Financial Service Guide (FSG) , Product Disclosure Statement ('PDS') , Account Terms and any other relevant OANDA documents before making any financial investment decisions. These documents can be found here . OANDA Japan Co., Ltd. First Type I Financial Instruments Business Director of the Kanto Local Financial Bureau (Kin-sho) No. 2137 Institute Financial Futures Association subscriber number 1571. Trading FX and/or CFDs on margin is high risk and not suitable for everyone. Losses can exceed investment. Facts About Money in Brazil | USA Today Facts About Money in Brazil Most Brazilian banknotes display the female image said to embody the republic. (Photo: Comstock Images/Comstock/Getty Images ) Famous Festivals and Traditions in Brazil Brazil's currency -- the real, or plural reais -- exchanged for roughly 64 U.S. cents in August 2011. The U.S. State Department warns about rampant street crime in Brazil, so you should avoid carrying large sums of cash there, especially at night.

Be particularly careful when withdrawing cash from ATMs, as targeted robberies occur frequently. History The people populating the land that is present-day Brazil did not use money until the arrival of Europeans. European colonists with commercial interests in the country wanted coins for transactions, leading to the beginnings of the Brazilian banking system. The first coins were imported from Portugal but in 1694, King Dom Pedro established a mint in Bahia to produce currency in Brazil. Banknotes, introduced in 1808, did not gain in popularity until the mid-19th century. Brazil has been independent since 1889, but still uses the Portuguese name "real" for its unit of currency. Banknotes At time of publication, the Banco Central do Brasil issued banknotes in seven denominations, worth 1, 2, 5, 10, 20, 50 and 100 reais.The bills share one common side, showing the head and shoulders of a female figure intended to represent the Republic of Brazil. Each denomination shows the image in a different color; the 2 reais note, for example, is predominantly blue and gray while the 20 reais note is yellow and orange.

On the reverse side, each denomination displays a different image, showing an animal or bird native to Brazil. Coins At time of publication, six denominations of coins circulated in Brazil, all with a value of 1 real or less. Each real represents 100 centavos, with the lowest value coin worth just 1 centavo. Values range upward, and you'll see coins worth 5, 10, 25 and 50 centavos in your change. Each denomination shares a common side, showing the same female bust symbolizing the Republic of Brazil displayed on the country's banknotes. The plain design on the reverse sides show only the value of the coin as a number and the word centavos, along with the year of minting. The Banco Central do Brasil also issues commemorative coins worth 1 real or more to commemorate particular events, such as the 2010 soccer World Cup, the centenary of flight in the country and the death of Formula 1 world champion Ayrton Senna. Unusual Banknotes In 2000, the Banco Central do Brasil conducted an experiment by issuing polymer banknotes. The bank intended the polymer notes to be more durable and more difficult to copy.

A subsequent survey found that the general population approved of the polymer note and thought it an improvement to its paper equivalent, but bank tellers found it more difficult to handle as the notes tended to stick together. The bank decided against issuing more polymer notes, but you might come across one in your change since, as of 2009, more than 9 million remained in circulation. References Pesos - definition of pesos by The Free Dictionary Pesos - definition of pesos by The Free Dictionary n. pl. pe·sos 1. Abbr. p. See Table at currency . 2. A silver coin that was formerly used in Spain and Spanish America; a piece of eight. [Spanish, from Old Spanish, weight, measure of weight for gold or silver, gold coin, from Latin pēnsum, something weighed, from neuter past participle of pendere, to weigh; see (s)pen- in the Appendix of Indo-European roots.] peso (ˈpeɪsəʊ; Spanish ˈpeso) n, pl -sos (-səʊz; Spanish -sos) 1.

(Currencies) the standard monetary unit, comprising 100 centavos, of Argentina, Chile, Colombia, Cuba, the Dominican Republic, Mexico, and the Philippines; formerly also of Guinea-Bissau, where it was replaced by the CFA franc 2. (Currencies) the standard monetary unit of Uruguay, divided into 100 centesimos 3. (Currencies) another name for piece of eight [C16: from Spanish: weight, from Latin pēnsum something weighed out, from pendere to weigh] pe•so (ˈpeɪ soʊ) n., pl. -sos. 1. the basic monetary unit of Argentina, Chile, Colombia, Cuba, the Dominican Republic, Guinea-Bissau, Mexico, the Philippines, and Uruguay. 2. a former monetary unit of Peru, equal to 100 centavos. 3. a former silver coin of Spain and Spanish America, equal to eight reals.

[1550–60; < Sp: literally, weight < Latin pēnsum something weighed] ThesaurusAntonymsRelated WordsSynonymsLegend: Uruguayan peso centesimo - a fractional monetary unit of several countries: Panama and Italy and Uruguay and Chile centavo - a fractional monetary unit of several countries: El Salvador and Sao Tome and Principe and Brazil and Argentina and Bolivia and Colombia and Cuba and the Dominican Republic and Ecuador and El Salvador and Guatemala and Honduras and Mexico and Nicaragua and Peru and the Philippines and Portugal Uruguayan monetary unit - monetary unit in Uruguay 2. Philippine peso centavo - a fractional monetary unit of several countries: El Salvador and Sao Tome and Principe and Brazil and Argentina and Bolivia and Colombia and Cuba and the Dominican Republic and Ecuador and El Salvador and Guatemala and Honduras and Mexico and Nicaragua and Peru and the Philippines and Portugal Philippine monetary unit - monetary unit in the Philippines 3.

Mexican peso centavo - a fractional monetary unit of several countries: El Salvador and Sao Tome and Principe and Brazil and Argentina and Bolivia and Colombia and Cuba and the Dominican Republic and Ecuador and El Salvador and Guatemala and Honduras and Mexico and Nicaragua and Peru and the Philippines and Portugal Mexican monetary unit - monetary unit in Mexico 4. Guinea-Bissau peso centavo - a fractional monetary unit of several countries: El Salvador and Sao Tome and Principe and Brazil and Argentina and Bolivia and Colombia and Cuba and the Dominican Republic and Ecuador and El Salvador and Guatemala and Honduras and Mexico and Nicaragua and Peru and the Philippines and Portugal Guinea-Bissau monetary unit - monetary unit in Guinea-Bissau 5. Dominican peso centavo - a fractional monetary unit of several countries: El Salvador and Sao Tome and Principe and Brazil and Argentina and Bolivia and Colombia and Cuba and the Dominican Republic and Ecuador and El Salvador and Guatemala and Honduras and Mexico and Nicaragua and Peru and the Philippines and Portugal Dominican monetary unit - monetary unit in the Dominican Republic 6.

Cuban peso centavo - a fractional monetary unit of several countries: El Salvador and Sao Tome and Principe and Brazil and Argentina and Bolivia and Colombia and Cuba and the Dominican Republic and Ecuador and El Salvador and Guatemala and Honduras and Mexico and Nicaragua and Peru and the Philippines and Portugal Cuban monetary unit - monetary unit in Cuba 7. Colombian peso centavo - a fractional monetary unit of several countries: El Salvador and Sao Tome and Principe and Brazil and Argentina and Bolivia and Colombia and Cuba and the Dominican Republic and Ecuador and El Salvador and Guatemala and Honduras and Mexico and Nicaragua and Peru and the Philippines and Portugal Colombian monetary unit - monetary unit in Colombia 8. Chilean monetary unit - monetary unit in Chile Translations peso (ˈpeisəu) – plural ˈpesos – noun the standard unit of currency in many South and Central American countries and in the Philippines.

peso العِمْلَة المُسْتَعْمَلَه في دُول امريكا الجنوبية والفيليبين песо peso peso der Peso peso πέσο (νόμισμα) peso peeso پزو peso peso פֶּזוֹ दक्षिणी अमेरिकी देशों का सिक्का kruna pezó peso peso peso ペソ 페소 pesas peso peso peso peso peso يوډول سكه چه په هسپانيه اودامريكاپه هسپانوى سيمو كى چليږى peso peso песо peso peso pezo peso หน่วยเงินของประเทศในอเมริกาใต้ อเมริกากลาง และฟิลิปปินส์ pezo 比索(中南美及菲律賓貨幣單位) песо بہت سے جنوبي و شمالي امريکي ممالک اور فلپائن کي معياري کرنسي ک

ي اکائي đồng Pêsô của các nước Nam và Trung Mỹ và Philippines 比索（中南美及菲律宾货币单位） Coins of Brazil Coins of Brazil Click the images to get additional information Catalog available also listed by value Brazilian Coins First real (1690-1942) The present-day currency of Brazil is the real, having the ISO 4217 code BRL, the symbol R$, is subdivided into 100 centavos, and was also the currency during the period 1690 to 1942.

The current plural form is reais, on the contrary of the plural rï¿½is used when the first real was used. The coinage in Brazil started circulating after the landing in the region of the Portuguese on April 22, 1500, with the fleet of the navigator Pedro ï¿½lvares Cabral. In addition to the Portuguese real used by the first settlers, in 1654 money having the name "real" was printed by the Dutch in the Brazilian Northeast. In 1690 the real became the official currency of Brazil, continuing circulating during the Empire of Brazil (founded in 1822), and the Republic (founded in 1889). Due to inflation, the base currency unit became the mil rï¿½is at the beginning (one thousand rï¿½is) and the conto de rï¿½is (one million rï¿½is) at the end of the Repï¿½blica Velha (Old Republic, 1889 to 1930).

In 1846 Brazil adopted the gold standard, with the mil rï¿½is equivalent to 822.076 mg of gold, then devaluated to 180 mg of gold in 1926. In 1933 Brazil pegged the mil rï¿½is to the U.S. dollar at a rate of 1 dollar = 12 mil rï¿½is. Cruzeiro Antigo (1942-1967) The cruzeiro was the currency circulating in Brazil from 1942 to 1967, from 1967 to 1986, and again between 1990 and 1993. In 1942, the real was replaced by the cruzeiro at a rate of 1 mil rï¿½is = 1 cruzeiro. The first cruzeiro was named Cruzeiro antigo, had the symbol Cr, the ISO 4217 code BRZ, and it was subdivided into 100 centavos.

Cruzeiro Novo (1967-1986) In 1967, the cruzeiro antigo was replaced by the cruzeiro novo, with the rate of 1 cruzeiro novo = 1000 cruzeiros antigo. The symbol for the cruzeiro novo was NCr, and the ISO 4217 code BRB. The word "novo" for the new currency appeared only on the provisional issue of banknotes. In 1986, Brazil switched to the cruzado, worth 1000 cruzeiros (novos). Brazilian cruzado (1986-1989) In 1986 the Brazilian cruzado replaced the second cruzeiro at a rate of 1000 cruzeiros novos = 1 cruzado. This currency had the symbol Cz$, the ISO 4217 code BRC, and it was subdivided in 100 centavos.

Cruzado novo (1989-1990) The first cruzado was replaced by the cruzado novo in 1989 at a rate of 1000 cruzados = 1 cruzado novo. Third Cruzeiro (1990-1993) In 1990, Brazil switched back to using the name cruzeiro for its currency, as the third cruzeiro replaced the second cruzado at par. The ISO 4217 code for the new currency was BRE and the symbol was Cr$. In1993 the third cruzeiro was replaced by the cruzeiro real. Cruzeiro real (1993-1994) Between August 1st, 1993 and mid-1994 the currency of Brazil was the cruzeiro real (plural form: cruzeiros reais). The ISO 4217 code was BRR, and it was subdivided in 100 centavos. The cruzeiro real replaced the third cruzeiro, at a rate of 1000 cruzeiros = 1 cruzeiro real.

The cruzeiro real was replaced by the real at a rate of 1 real = 2750 cruzeiros reais. Second real (1994-) On July 1, 1994 the modern real (symbol R$) was introduced as part of a plan to stabilize the Brazilian economy. It replaced the cruzeiro real at a rate of R$1.00 = 1 unidade real de valor, a non-circulating currency pegged to the U.S. dollar at parity. The real was subdivided into 100 centavos. Copyright ï¿½ MoedaNumismatica.com

Question: Comprising 100 centavos, what is the currency of Brazil?
Answer: Real