1 EURO to BRAZILIAN REAL

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

Countries That Use Euro (EUR) as their official currency

The Euro (EUR) is used as the main currency in the following countries: Akrotiri and Dhekelia, Andorra, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Latvia, Luxembourg, Malta, Monaco, Montenegro, Portugal, San Marino, Slovakia, SloveniaSpain, Vatican City, Netherlands

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

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

About The Euro (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.

About The Euro (EUR)

The EUR - Euro - is the official currency of the Eurozone, which consists of 20 of the 27 member states of the European Union (EU). It is symbolized by '€' and is abbreviated as 'EUR.' The Euro is the second most traded currency in the world, after the US Dollar, and is used by over 340 million people across Europe. The Euro plays a crucial role in unifying European economies, promoting trade, and providing financial stability across the member nations. The name 'Euro' was officially adopted in 1995, and the currency was introduced in 1999 for electronic transactions, with physical banknotes and coins entering circulation in 2002.

The introduction of the Euro marked a significant step toward European integration, enabling easier trade and travel between member countries. It replaced national currencies such as the Deutsche Mark, French Franc, Italian Lira, and Spanish Peseta, among others. The adoption of a single currency aimed to eliminate exchange rate fluctuations, reduce transaction costs, and strengthen economic ties within the European Union. The Euro is managed by the European Central Bank (ECB), which works alongside the national central banks of the Eurozone countries to formulate and implement monetary policy, maintain price stability, and support economic growth.

The Euro is issued in both coin and banknote forms, each of which is uniform across the Eurozone. Coins are available in denominations of 1, 2, 5, 10, 20, and 50 cents, as well as 1 and 2 Euro coins. Each coin has a common European design on one side and a country-specific design on the other, reflecting both unity and the unique national identities of the member countries. Banknotes are issued in denominations of 5, 10, 20, 50, 100, 200, and 500 Euros, although the 500 Euro note is being gradually phased out due to concerns over its use in illegal activities. The banknotes feature architectural styles from different periods of European history, symbolizing openness, cooperation, and progress across the continent.

The Euro plays a key role in international trade, not only within Europe but globally. Many countries outside of the Eurozone use the Euro as an anchor currency or hold significant reserves of it due to its stability and importance in global finance. The Euro's value is influenced by a wide range of factors, including monetary policy decisions by the ECB, economic data from major Eurozone countries, political stability, and international trade dynamics. The Eurozone's collective economic strength, which includes major economies like Germany, France, Italy, and Spain, helps to sustain the Euro's position as a dominant global currency.

The Euro is used in everyday transactions across the Eurozone, from buying groceries in local markets to paying for services and travel across borders. Tourists traveling throughout Europe benefit significantly from the Euro, as it eliminates the need for currency exchange between member states, making travel and commerce more convenient. The adoption of the Euro has helped create a sense of shared European identity and has made it easier for citizens to work, live, and study across different countries within the Eurozone.

Despite its many benefits, the Euro has faced challenges since its introduction, particularly during the European debt crisis of the early 2010s, which exposed the difficulties of having a shared currency without full fiscal integration. The crisis led to the introduction of stricter fiscal rules and the establishment of financial safety nets, such as the European Stability Mechanism (ESM), to support struggling economies and maintain financial stability. The Euro has since demonstrated its resilience, adapting to economic challenges and continuing to serve as a symbol of European unity, cooperation, and economic strength.

Today, the Euro remains a vital part of the global financial system, representing not only the economic power of the Eurozone but also the vision of a united Europe. It stands as a testament to the collective aspirations of the member nations to foster economic growth, enhance cooperation, and ensure financial stability for all. The Euro is more than just a currency; it is a powerful symbol of European solidarity and integration, embodying the ideals of a continent that values openness, progress, and shared prosperity.

Euro (EUR) Frequently Used Conversions