About this pair
EUR/BRL: what to know
The EUR/BRL rate shows how much BRL you get for 1 EUR. Right now, 1 EUR buys 5.8496 BRL at the mid-market rate. In the other direction, 1 BRL is worth 0.1710 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while BRL responds to commodity prices and central-bank policy.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. 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.