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BRL to ICOB price chart
BRL to ICOBID 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 ICOBID
ICOBID price conversion tables
Brazilian Real | |
|---|---|
1 | 0.005409 |
2 | 0.01081 |
3 | 0.01622 |
5 | 0.02704 |
10 | 0.05409 |
25 | 0.1352 |
50 | 0.2704 |
100 | 0.5409 |
1,000 | 5.4096 |
Brazilian Real | |
|---|---|
1 | 184.8543 |
5 | 924.2716 |
10 | 1,848.5432 |
20 | 3,697.08644 |
50 | 9,242.7161 |
100 | 18,485.4322 |
200 | 36,970.8644 |
500 | 92,427.1611 |
1,000 | 184,854.3223 |
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Brazilian Real to ICOBID performance history
Today vs. 24 hours ago
BRL (Brazilian Real) | Today at 11:26 PM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 BRL | 184.877 ICOB | 184.877 ICOB | -- |
| 5 BRL | 924.3852 ICOB | 924.3852 ICOB | -- |
| 10 BRL | 1,848.7705 ICOB | 1,848.7705 ICOB | -- |
| 50 BRL | 9,243.8528 ICOB | 9,243.8528 ICOB | -- |
| 100 BRL | 18,487.7056 ICOB | 18,487.7056 ICOB | -- |
| 1,000 BRL | 184,877.05675 ICOB | 184,877.05675 ICOB | -- |
Today vs. 30 Days ago
BRL (Brazilian Real) | Today at 11:26 PM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 BRL | 184.877 ICOB | 184.877 ICOB | -- |
| 5 BRL | 924.3852 ICOB | 924.3852 ICOB | -- |
| 10 BRL | 1,848.7705 ICOB | 1,848.7705 ICOB | -- |
| 50 BRL | 9,243.8528 ICOB | 9,243.8528 ICOB | -- |
| 100 BRL | 18,487.7056 ICOB | 18,487.7056 ICOB | -- |
| 1,000 BRL | 184,877.05675 ICOB | 184,877.05675 ICOB | -- |
Today vs. 1 Year ago
BRL (Brazilian Real) | Today at 11:26 PM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 BRL | 184.877 ICOB | 184.877 ICOB | -- |
| 5 BRL | 924.3852 ICOB | 924.3852 ICOB | -- |
| 10 BRL | 1,848.7705 ICOB | 1,848.7705 ICOB | -- |
| 50 BRL | 9,243.8528 ICOB | 9,243.8528 ICOB | -- |
| 100 BRL | 18,487.7056 ICOB | 18,487.7056 ICOB | -- |
| 1,000 BRL | 184,877.05675 ICOB | 184,877.05675 ICOB | -- |