About this pair
BRL/EUR: what to know
The BRL/EUR rate shows how much EUR you get for 1 BRL. Right now, 1 BRL buys 0.1707 EUR at the mid-market rate. In the other direction, 1 EUR is worth 5.8576 BRL.
In the short term BRL is driven mainly by commodity prices and central-bank policy, while EUR responds to ECB policy and eurozone growth.
The Brazilian Real (BRL) is issued by Central Bank of Brazil. The real was introduced in 1994 to end hyperinflation; the plural is “reais”. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.