The Brazilian Real (BRL) is the country's currency. Brazil, the largest country in South America and one of the BRIC nations (Brazil, Russia, India, and China), is often regarded as having one of the most significant developing economies.
As part of a bigger push to boost economic growth in Brazil, the cruzeiro real was phased out in favour of the Brazilian real in 1994. The exchange rate was 1:1 when it was originally introduced. There was a lot of scrutiny and regulation over how much Brazil's currency could be traded for foreign currencies while it was connected to the dollar until 1999. By 2022, the currency rate will have risen to 4.99 Brazilian reals per US dollar. Because of the severe consequences of the COVID-19 outbreak, the Brazilian real has dropped to a level never seen before.

The Brazilian real (BRL) is the official currency of Brazil and is issued by the Central Bank of Brazil. Introduced in 1994, it replaced the cruzeiro as part of the Real Plan, a major economic reform designed to control hyperinflation. The real is symbolised as R$ and is divided into 100 centavos. It is widely traded in global forex markets and is considered an emerging market currency. The value of the Brazilian real is influenced by factors such as interest rates, inflation, commodity prices, and political stability, since Brazil is a major exporter of agricultural and natural resources. The real plays a vital role in Brazil’s economy and international trade.