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BRL to GMX price chart
BRL to GMX 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 GMX
GMX price conversion tables
Brazilian Real | |
|---|---|
1 | 43.9291 |
2 | 87.8582 |
3 | 131.7873 |
5 | 219.6455 |
10 | 439.291 |
25 | 1,098.2275 |
50 | 2,196.4551 |
100 | 4,392.9102 |
1,000 | 43,929.102 |
Brazilian Real | |
|---|---|
1 | 0.02276 |
5 | 0.1138 |
10 | 0.2276 |
20 | 0.4552 |
50 | 1.1381 |
100 | 2.2763 |
200 | 4.5527 |
500 | 11.3819 |
1,000 | 22.7639 |
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Brazilian Real to GMX performance history
Today vs. 24 hours ago
BRL (Brazilian Real) | Today at 11:37 AM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 BRL | 0.0227 GMX | 0.02162 GMX | +4.75% |
| 5 BRL | 0.1135 GMX | 0.1081 GMX | +4.75% |
| 10 BRL | 0.227 GMX | 0.2162 GMX | +4.75% |
| 50 BRL | 1.1353 GMX | 1.08131 GMX | +4.75% |
| 100 BRL | 2.2706 GMX | 2.1626 GMX | +4.75% |
| 1,000 BRL | 22.7066 GMX | 21.6262 GMX | +4.75% |
Today vs. 30 Days ago
BRL (Brazilian Real) | Today at 11:37 AM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 BRL | 0.0227 GMX | 0.02183 GMX | +3.84% |
| 5 BRL | 0.1135 GMX | 0.1091 GMX | +3.84% |
| 10 BRL | 0.227 GMX | 0.2183 GMX | +3.84% |
| 50 BRL | 1.1353 GMX | 1.0917 GMX | +3.84% |
| 100 BRL | 2.2706 GMX | 2.1834 GMX | +3.84% |
| 1,000 BRL | 22.7066 GMX | 21.834 GMX | +3.84% |
Today vs. 1 Year ago
BRL (Brazilian Real) | Today at 11:37 AM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 BRL | 0.0227 GMX | 0.02027 GMX | +10.70% |
| 5 BRL | 0.1135 GMX | 0.1013 GMX | +10.70% |
| 10 BRL | 0.227 GMX | 0.2027 GMX | +10.70% |
| 50 BRL | 1.1353 GMX | 1.01378 GMX | +10.70% |
| 100 BRL | 2.2706 GMX | 2.02757 GMX | +10.70% |
| 1,000 BRL | 22.7066 GMX | 20.2757 GMX | +10.70% |