About this pair
BRL/NZD: what to know
The BRL/NZD rate shows how much NZD you get for 1 BRL. Right now, 1 BRL buys 0.3358 NZD at the mid-market rate. In the other direction, 1 NZD is worth 2.9779 BRL.
In the short term BRL is driven mainly by commodity prices and central-bank policy, while NZD responds to soft-commodity prices and 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 New Zealand Dollar (NZD) is issued by Reserve Bank of New Zealand. The New Zealand dollar is nicknamed the “Kiwi”, after the bird on the $1 coin.
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.