About this pair
BRL/JPY: what to know
The BRL/JPY rate shows how much JPY you get for 1 BRL. Right now, 1 BRL buys 31.5474 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.0317 BRL.
In the short term BRL is driven mainly by commodity prices and central-bank policy, while JPY responds to Bank of Japan policy and global risk appetite.
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 Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
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.