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BRL to BIT price chart
BRL to BitDAO exchange rate
About Brazilian Real (BRL)
What Is the Brazilian Real (BRL)?
The real (BRL) is the official currency of Brazil. It is issued by the Central Bank of Brazil. Introduced in 1994 to replace the cruzeiro amid hyperinflation, the real is subdivided into 100 centavos. Brazil has the world's eighth-largest economy, and the real plays a significant role in global markets. It is a floating currency, and as of recent years the real ranked as the 20th most-traded currency in the world. Domestically, the real is used for all financial transactions in Brazil. Its value reflects both Brazil's large internal market and the country's extensive exports of commodities like soy, iron ore, and oil.
What Influences Fluctuations in the Brazilian Real?
The real is sensitive to a range of economic factors. As a freely floating currency, its value changes with market forces such as Brazil's economic performance, inflation, and interest rates. Commodity prices–especially agricultural and energy products–can affect Brazil's export revenues and thus the demand for reais. Political developments and investor confidence also play a role. The Central Bank of Brazil actively manages inflation, but because the BRL is floating, exchange rates are largely determined by supply and demand on the open market. In practice, periods of economic growth and strong commodity prices often strengthen the real, while recessions or political uncertainty can lead to depreciation.
How to convert Brazilian Real to BitDAO
BitDAO price conversion tables
Brazilian Real | |
|---|---|
1 | 2.562 |
2 | 5.1241 |
3 | 7.6861 |
5 | 12.8103 |
10 | 25.6206 |
25 | 64.05163 |
50 | 128.1032 |
100 | 256.2065 |
1,000 | 2,562.06545 |
Brazilian Real | |
|---|---|
1 | 0.3903 |
5 | 1.9515 |
10 | 3.9031 |
20 | 7.8062 |
50 | 19.5155 |
100 | 39.031 |
200 | 78.06201 |
500 | 195.155 |
1,000 | 390.31 |
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Brazilian Real to BitDAO performance history
Today vs. 24 hours ago
BRL (Brazilian Real) | Today at 12:53 PM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 BRL | 0.3906 BIT | 0.3759 BIT | +3.75% |
| 5 BRL | 1.9531 BIT | 1.8796 BIT | +3.75% |
| 10 BRL | 3.9062 BIT | 3.7593 BIT | +3.75% |
| 50 BRL | 19.5312 BIT | 18.7969 BIT | +3.75% |
| 100 BRL | 39.0625 BIT | 37.5939 BIT | +3.75% |
| 1,000 BRL | 390.625 BIT | 375.9398 BIT | +3.75% |
Today vs. 30 Days ago
BRL (Brazilian Real) | Today at 12:53 PM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 BRL | 0.3906 BIT | 0.3076 BIT | +21.23% |
| 5 BRL | 1.9531 BIT | 1.5384 BIT | +21.23% |
| 10 BRL | 3.9062 BIT | 3.07692 BIT | +21.23% |
| 50 BRL | 19.5312 BIT | 15.3846 BIT | +21.23% |
| 100 BRL | 39.0625 BIT | 30.7692 BIT | +21.23% |
| 1,000 BRL | 390.625 BIT | 307.6923 BIT | +21.23% |
Today vs. 1 Year ago
BRL (Brazilian Real) | Today at 12:53 PM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 BRL | 0.3906 BIT | 0.1453 BIT | +62.79% |
| 5 BRL | 1.9531 BIT | 0.7267 BIT | +62.79% |
| 10 BRL | 3.9062 BIT | 1.4534 BIT | +62.79% |
| 50 BRL | 19.5312 BIT | 7.2674 BIT | +62.79% |
| 100 BRL | 39.0625 BIT | 14.5348 BIT | +62.79% |
| 1,000 BRL | 390.625 BIT | 145.3488 BIT | +62.79% |