BRL (Brazilian Real)

DEFINITION of 'BRL (Brazilian Real)'

The currency abbreviation symbol for the Brazilian real (BRL), the currency for Brazil. The Brazilian real is made up of 100 centavos and is often presented with the symbol R$. The Brazilian real (plural reais) is regulated by the Central Bank of Brazil's (BCB) Monetary Policy Committee (COPOM).

BREAKING DOWN 'BRL (Brazilian Real)'

The Brazilian real was first adopted as the official currency in July 1994, replacing the Cruzeiro real at a rate of 1 real to 2750 cruzeiro real. This change was in accordance with the Plano Real ("Real Plan"). In 1994, the real was anchored to the U.S. dollar. This lasted until 1999, when inflationary pressures forced the real to partially float against the dollar.

RELATED TERMS
  1. Real Interest Rate

    An interest rate that has been adjusted to remove the effects ...
  2. Hard-Coded Stock

    This is a term that refers to a company's stock symbol or ticker ...
  3. Private Equity Real Estate

    A Definition of "Private Equity Real Estate" and how it applies ...
  4. Real Option

    An alternative or choice that becomes available with a business ...
  5. Inflationary Gap

    A macroeconomic condition that describes the distance between ...
  6. Real Income

    The income of an individual or group after taking into consideration ...
Related Articles
  1. Markets

    Is Now the Right Time to Buy Brazilian Stocks?

    Examine the current state of the economy of Brazil, and learn why there may be some reasons for investors to look for a rally in Brazilian stocks.
  2. ETFs & Mutual Funds

    Investing In Brazil 101

    Brazil is well positioned for future growth, and luckily for investors, it also has a very liberal investing climate.
  3. Markets

    3 Economic Challenges Brazil Faces in 2016

    Learn why Brazil's economy is in a perfect storm of trouble, and understand why the storm will continue through 2016 or longer if changes are not made.
  4. Trading

    Brazil's Recession and its Effect on the World Economy

    In 2010, Brazil's economic growth was a precursor to arrival on the world stage. Five years later, the economy is in shambles. What happened?
  5. Markets

    3 Brazilian Stocks To Watch

    Brazil's growth potential is at least as attractive as China's for many of the same reasons.
  6. Retirement

    Petrobras Impact on the Brazilian Economy

    How the Petrobas scandal has shaken the Brazilian economy.
  7. Markets

    Currency Swap Basics

    A currency swap involves two parties exchanging a notional principal and interest to gain exposure to a desired currency.
  8. ETFs & Mutual Funds

    Invest In Brazil With These ETFs

    The 2014 World Cup isn't the only reason Brazil has the attention of the world right now.
  9. Markets

    Brazilian Public Assets Are Up for Grabs

    Amid cash starved economy and political turmoil, Brazil is considering selling off public assets
  10. Personal Finance

    Key Reasons To Invest In Real Estate

    There has been a lot of negativity over the real estate sector since 2008. Here are the reasons why you should be investing in it.
RELATED FAQS
  1. What emerging markets are best suited for investing in the real estate sector?

    Discover which of the emerging market economies currently offers the best potential returns for investors in the international ... Read Answer >>
  2. Why can real estate be a good addition to a traditional stock and bond portfolio?

    Discover why real estate can be a good addition to a traditional stock and bond portfolio. Real estate is affected by economic ... Read Answer >>
  3. How can I make equity investments in real estate?

    Invest in real estate equity through buying and selling real property or through other more liquid investments like real ... Read Answer >>
  4. How does the risk of investing in the real estate sector compare to the broader market?

    Learn about the high volatility of the real estate sector and how conservative investors gravitate toward real estate investment ... Read Answer >>
  5. What are the most common mutual funds for investing in the real estate sector?

    Obtain information about some of the most popular mutual funds that investors can consider for investing in the real estate ... Read Answer >>
  6. What are the differences among a real estate agent, a broker and a realtor?

    Learn how agents, realtors and brokers are often considered the same, but in reality, these real estate positions have different ... Read Answer >>
Hot Definitions
  1. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  2. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  3. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
  4. Brexit

    The Brexit, an abbreviation of "British exit" that mirrors the term Grexit, refers to the possibility of Britain's withdrawal ...
  5. Underweight

    1. A situation where a portfolio does not hold a sufficient amount of a particular security when compared to the security's ...
  6. Russell 3000 Index

    A market capitalization weighted equity index maintained by the Russell Investment Group that seeks to be a benchmark of ...
Trading Center