About this pair
CAD/BRL: what to know
The CAD/BRL rate shows how much BRL you get for 1 CAD. Right now, 1 CAD buys 3.6917 BRL at the mid-market rate. In the other direction, 1 BRL is worth 0.2709 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while BRL responds to commodity prices and central-bank policy.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The Brazilian Real (BRL) is issued by Central Bank of Brazil. The real was introduced in 1994 to end hyperinflation; the plural is “reais”.
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.