The Brazilian real, commonly abbreviated as R$, has a unique symbol that's worth getting to know. The symbol is a distinctive combination of letters and numbers.
In Brazil, the real has been the official currency since 1994, replacing the cruzeiro. This change was made to stabilize the economy and reduce inflation.
The real is divided into 100 centavos, just like the US dollar is divided into 100 cents. Knowing this can help you understand exchange rates and make financial calculations.
The real has undergone several denominations over the years, with the largest denomination being the R$100 note.
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Brazilian Currency
The Brazilian currency, also known as the Real, has a rich history and has undergone many changes over the years.
The current money in Brazil is the Real, with a symbol of R$ or BRL.
The Real is divided into 100 centavos, with coins available in denominations of 1, 5, 10, 25, and 50 centavos, as well as 1, 2, and 5 reais.
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Here's a brief overview of the different currency symbols used in Brazil over the years:
The Brazilian currency has a complex history, with many different currencies being used over the years.
Writing and Representation
In Brazil, a period or full-stop is used to mark thousands, while a comma is used to mark fractions.
You might see prices marked with a period, like R$ 7,00 for a caipirinha.
Something that costs 7000 Reais would be marked as R$ 7.000.
When writing prices with centavos or fractions, the comma is placed after the integer, like R$ 1.225,14.
This is different from how prices are written in the UK and the US, where a comma is used to mark thousands and a period to mark fractions.
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Currency History
The real symbol, denoted by Rs or R$, has a rich history in Brazil, dating back to the Portuguese Real, which was introduced in the 19th century.
The Portuguese Real was used from 1822 until 1942, when it was replaced by the first Cruzeiro, which was equivalent to 1,000 réis.
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The Cruzeiro was used from 1942 until 1967, when it was replaced by the Cruzeiro novo, which was equivalent to 1,000 cruzeiros.
The Cruzeiro novo was used from 1967 until 1970, when it was replaced by the second Cruzeiro, which was equivalent to 1 cruzeiro novo.
The second Cruzeiro was used from 1970 until 1986, when it was replaced by the Cruzado, which was equivalent to 1,000 cruzeiros.
The Cruzado was used from 1986 until 1989, when it was replaced by the Cruzado novo, which was equivalent to 1,000 cruzados.
The Cruzado novo was used from 1989 until 1990, when it was replaced by the third Cruzeiro, which was equivalent to 1 cruzado novo.
The third Cruzeiro was used from 1990 until 1993, when it was replaced by the Cruzeiro real, which was equivalent to 1,000 cruzeiros.
The Cruzeiro real was used from 1993 until 1994, when it was replaced by the current Real, which was equivalent to 2,750 cruzeiros reais.
Here's a brief timeline of the different currencies used in Brazil:
Frequently Asked Questions
What does BRL mean in Brazil?
BRL is the currency abbreviation symbol for the Brazilian real, the official currency of Brazil. It represents 100 centavos and is often denoted as R$.
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