1 Brazilian Real to Singaporean Dollars

Find the daily exchange rates for BRL/SGD and for all the top World currencies.

Countries That Use Brazilian Real (BRL) as their official currency

The Brazilian Real (BRL) is used as the main currency in the following countries: Brazil

Countries That Use Singaporean Dollar (SGD) as their official currency

The Singaporean Dollar (Singaporean Dollar) is used as the main currency in the following countries:

About The Brazilian Real (SGD)

The SGD - Singapore Dollar - is the official currency of the Singapore in Asia. There are 100 cents in each 1 Dollar ( its sub-unit ). The symbol for SGD is S$. Two years after Singapore's independence from Malaysia in 1965, the monetary union between Malaysia, Singapore and Brunei broke down. Singapore issued its first independent coins and notes in 1967. Interchangeability with the Brunei dollar is still maintained.

About The Brazilian Real (BRL)

The BRL - Brazilian Real - is the official currency of Brazil, the largest country in South America. The Real, symbolized by 'R$,' is subdivided into 100 centavos. It is a fundamental part of Brazil’s vibrant economy, which is characterized by a mix of agriculture, industry, and services. The name 'Real' means 'royal' in Portuguese, reflecting Brazil’s colonial history. The plural form of Real is 'reais,' pronounced as 'hey-ice.' The currency is crucial to daily transactions across the country and represents Brazil's dynamic economic landscape.

The modern Real was introduced on July 1, 1994, as part of the 'Plano Real,' a comprehensive economic reform aimed at combating hyperinflation, which had plagued Brazil for years. The introduction of the Real was a pivotal moment in Brazilian history, bringing stability to the national economy after several failed currencies, such as the Cruzeiro and Cruzeiro Real. The Plano Real successfully anchored the currency to the US Dollar initially, instilling confidence among Brazilian citizens and international investors. Although the peg was later abandoned in 1999, the Real has remained a symbol of economic resilience.

Today, the Real is a free-floating currency, with its value determined by market conditions. The Brazilian economy, being one of the largest in Latin America, significantly influences the value of the Real. Brazil's diverse economic base includes industries such as agriculture, mining, energy, and manufacturing, and the currency’s value is often linked to global commodity prices. Brazil is a major exporter of commodities like soybeans, coffee, iron ore, and oil, and fluctuations in these markets can affect the exchange rate of the Real. As a result, the BRL is considered a commodity-linked currency, and its value is sensitive to changes in global demand for raw materials.

The Central Bank of Brazil (Banco Central do Brasil) is responsible for issuing and regulating the Real, maintaining the currency’s stability, and setting monetary policies to control inflation and support economic growth. The Real is issued in both coin and banknote forms. Coins are available in denominations of 5, 10, 25, and 50 centavos, as well as 1 Real. Banknotes come in values of 2, 5, 10, 20, 50, 100, and 200 reais. The banknotes are known for their vibrant colors and designs, featuring notable Brazilian figures, such as Heitor Villa-Lobos, and important elements of Brazil’s natural heritage, including various species of native wildlife like the jaguar and the golden lion tamarin.

The Brazilian Real plays a central role in the country’s domestic economy, being used in all aspects of daily life, from small transactions in local markets to major real estate deals. Tourism is also an important sector, with the Real being the currency visitors use while exploring Brazil’s famous attractions, such as the Amazon Rainforest, the beaches of Rio de Janeiro, and the cultural heritage sites of Salvador. The colorful banknotes and coins serve as a reminder of Brazil’s cultural diversity and natural beauty, which are central to the country’s identity.

Despite economic challenges, including periods of high inflation and political uncertainty, the Brazilian Real remains a symbol of the country’s ability to adapt and persevere. Brazil’s government has made efforts to maintain economic stability, attract foreign investment, and support the development of industries that contribute to the country's growth. The Real, as a representation of this ongoing economic journey, continues to be a vital component of Brazil’s national identity, resilience, and aspirations for the future.

Brazilian Real (BRL) Frequently Used Conversions