Convert BRL to MDF | Live MatrixETF Calculator
BRL to MDF price chart
BRL to MatrixETF 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 MatrixETF
MatrixETF price conversion tables
Brazilian Real | |
|---|---|
1 | 0.0009551 |
2 | 0.00191 |
3 | 0.002865 |
5 | 0.004775 |
10 | 0.009551 |
25 | 0.02387 |
50 | 0.04775 |
100 | 0.09551 |
1,000 | 0.9551 |
Brazilian Real | |
|---|---|
1 | 1,047.01061 |
5 | 5,235.05309 |
10 | 10,470.1061 |
20 | 20,940.2123 |
50 | 52,350.5309 |
100 | 104,701.06197 |
200 | 209,402.1239 |
500 | 523,505.3098 |
1,000 | 1,047,010.6197 |
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Brazilian Real to MatrixETF performance history
Today vs. 24 hours ago
BRL (Brazilian Real) | Today at 10:41 AM | 24 Hours Ago | 24h Change |
|---|---|---|---|
| 1 BRL | 1,047.01078 MDF | 930.2325 MDF | +11.15% |
| 5 BRL | 5,235.05392 MDF | 4,651.1627 MDF | +11.15% |
| 10 BRL | 10,470.1078 MDF | 9,302.3255 MDF | +11.15% |
| 50 BRL | 52,350.5392 MDF | 46,511.6279 MDF | +11.15% |
| 100 BRL | 104,701.07842 MDF | 93,023.2558 MDF | +11.15% |
| 1,000 BRL | 1,047,010.7842 MDF | 930,232.5581 MDF | +11.15% |
Today vs. 30 Days ago
BRL (Brazilian Real) | Today at 10:41 AM | 30 Days Ago | 30d Change |
|---|---|---|---|
| 1 BRL | 1,047.01078 MDF | 602.04695 MDF | +42.49% |
| 5 BRL | 5,235.05392 MDF | 3,010.2347 MDF | +42.49% |
| 10 BRL | 10,470.1078 MDF | 6,020.4695 MDF | +42.49% |
| 50 BRL | 52,350.5392 MDF | 30,102.3479 MDF | +42.49% |
| 100 BRL | 104,701.07842 MDF | 60,204.6959 MDF | +42.49% |
| 1,000 BRL | 1,047,010.7842 MDF | 602,046.9596 MDF | +42.49% |
Today vs. 1 Year ago
BRL (Brazilian Real) | Today at 10:41 AM | 1 Year Ago | 1 Year Change |
|---|---|---|---|
| 1 BRL | 1,047.01078 MDF | 423.01184 MDF | +59.59% |
| 5 BRL | 5,235.05392 MDF | 2,115.05922 MDF | +59.59% |
| 10 BRL | 10,470.1078 MDF | 4,230.1184 MDF | +59.59% |
| 50 BRL | 52,350.5392 MDF | 21,150.5922 MDF | +59.59% |
| 100 BRL | 104,701.07842 MDF | 42,301.1844 MDF | +59.59% |
| 1,000 BRL | 1,047,010.7842 MDF | 423,011.8443 MDF | +59.59% |