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About the Brazilian Real (BRL)
What Is the Brazilian Real (BRL)?
The Brazilian Real (BRL), symbolized as R$ and denoted by the ISO code BRL, is the official currency of Brazil. The term "real" in Portuguese means both "royal" and "real." The Brazilian Real is the sole legal tender in Brazil, used across this vast country, which is the largest in both South America and the Latin American region. It facilitates all forms of financial transactions within the nation, from everyday purchases to large-scale business dealings.
The Brazilian Real is issued and regulated by the Central Bank of Brazil (Banco Central do Brasil), which is the primary monetary authority in the country. Established on December 31, 1964, the Central Bank is responsible for ensuring the stability of the currency's purchasing power and the soundness of the national financial system.
What Is the History of BRL?
The modern Brazilian Real was introduced on July 1, 1994, during the presidency of Itamar Franco. This was part of the Plano Real, a substantial plan to stabilize the Brazilian economy. The currency replaced the cruzeiro real at a rate of 1 real = 2,750 cruzeiro real. Initially, the real was pegged to the U.S. dollar, which helped stabilize its value. However, in 1999, following the Russian debt default and ensuing global financial crisis, Brazil was forced to partially float the real against the U.S. dollar.
Notes and Coins of BRL
Brazilian coins are minted in denominations of 5, 10, 25, 50 centavos, and 1 Real. The banknotes, issued by the Central Bank of Brazil, come in denominations of 2, 5, 10, 20, 50, 100, and 200 Reals. These notes feature various security enhancements and are designed to aid the visually impaired.
Brazil has issued several commemorative coins and banknotes, including a 10 Real note for the 500th anniversary of Portuguese arrival and a 1 Real coin for the 2016 Summer Olympics.
What Is the Relationship Between BRL and USD?
The relationship between the Brazilian Real (BRL) and the United States Dollar (USD) is a significant aspect of international finance, particularly in the context of exchange rates and trade. Initially, upon its introduction in 1994, the Real was pegged to the U.S. dollar, establishing a fixed exchange rate to stabilize Brazil's then-volatile economy. This peg was part of Brazil's broader strategy to control hyperinflation and foster economic stability.
However, in 1999, Brazil shifted to a floating exchange rate system due to external economic pressures, notably the Russian debt crisis. Since then, the Real's value against the Dollar has been subject to market forces, including Brazil's economic performance, inflation rates, political stability, and global financial market trends. The USD/BRL exchange rate is a crucial indicator for both countries, influencing trade balances, investment flows, and economic policies.
CHR to MKD conversion rate trend
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Current CHR to MKD exchange rate
Chromia to Brazilian Real is rising this week.CHR to MKD Conversion tables
The exchange rate of Chromia is decreasing.CHR to MKD
MKD to CHR
CHR to MKD Today vs. 24 hours ago
Amount | 16:21 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 CHR | ден2.2 | ден2.26 | -2.71% |
1 CHR | ден4.4 | ден4.52 | -2.71% |
5 CHR | ден22.01 | ден22.62 | -2.71% |
10 CHR | ден44.02 | ден45.25 | -2.71% |
50 CHR | ден220.11 | ден226.24 | -2.71% |
100 CHR | ден440.22 | ден452.48 | -2.71% |
500 CHR | ден2,201.1 | ден2,262.39 | -2.71% |
1000 CHR | ден4,402.21 | ден4,524.78 | -2.71% |
CHR to MKD Today vs. 1 month ago
Amount | 16:21 today | 1 month ago | 1M change |
---|---|---|---|
0.5 CHR | ден2.2 | ден2.78 | -20.77% |
1 CHR | ден4.4 | ден5.56 | -20.77% |
5 CHR | ден22.01 | ден27.78 | -20.77% |
10 CHR | ден44.02 | ден55.56 | -20.77% |
50 CHR | ден220.11 | ден277.78 | -20.77% |
100 CHR | ден440.22 | ден555.57 | -20.77% |
500 CHR | ден2,201.1 | ден2,777.85 | -20.77% |
1000 CHR | ден4,402.21 | ден5,555.69 | -20.77% |
CHR to MKD Today vs. 1 year ago
Amount | 16:21 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 CHR | ден2.2 | ден7.99 | -72.45% |
1 CHR | ден4.4 | ден15.97 | -72.45% |
5 CHR | ден22.01 | ден79.86 | -72.45% |
10 CHR | ден44.02 | ден159.72 | -72.45% |
50 CHR | ден220.11 | ден798.58 | -72.45% |
100 CHR | ден440.22 | ден1,597.17 | -72.45% |
500 CHR | ден2,201.1 | ден7,985.84 | -72.45% |
1000 CHR | ден4,402.21 | ден15,971.68 | -72.45% |
How to convert CHR to MKD



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