The currency of Brazil is the Brazilian real. The real is represented by the R $ symbol and its ISO 4217 code is BRL.
The real is divided into 100 cents (¢).
- 1 Euro = 5,52 Brazilian reals.
- 1 Real = 0.18 euros.
History of the Brazilian real
The currency of Brazil has always been the real, but has been conditioned by the ups and downs of the economy and periods of high inflation in Brazil. This was so except for the period between the mid-seventeenth century and until 1942, when a monetary reform eliminated the real after the cruzeiro.
Subsequently, the cruzeiro, a currency that was divided into 100 cents, was in force between 1942 and 1986, when a new reform gave it a settlement, to give way to the “cruzeiro” until 1989 at the rate of 1 cruzeiro = 1000 previous cruzeiros.
In 1993 the real cruzeiro returns (1 real cruzeiro = 1000 cruzeiros) for a year, before the return to the Brazilian real, after the Brazilian economy had suffered several years of inflation.
Since July 1994, the real (Series 1) is the official currency of Brazil and remains a stable currency. Between 1998 and 2010 there was a second currency issue with designs that sought to improve security to prevent counterfeiting (Series 2).
The Central Bank of Brazil (BCB) is the highest monetary authority in Brazil, in charge of finance and the economy in the country. It also deals with the issuance of currency (moedas do real) and banknotes (cédulas do real) in Brazil.
The Bank has also issued an interesting phone App with all the details on the Brazilian currency.
Let’s see below the Brazilian Real Series 2 banknotes, currently in force.
Brazilian real banknotes in circulation
The Brazilian real banknotes in circulation have as denominations 2, 5, 10, 20, 50 and R $ 100.
Real banknote issues have been made in 2010, 2011 and 2012 to increase their security measures and prevent fraud and forgery.
In this image we show you all on the same scale but keep in mind that these banknotes have different sizes according to their facial values to help people with visual impairment.
2 Brazilian reals banknote (2 reais)
The two reales bill (dois reais card) is dark blue and was launched on July 29, 2013. It measures 121 mm × 65 mm and on the obverse shows the Effigy of the Republic. On the reverse appears a sea turtle.
Its countervaluation in euros would be today in currency providers in Spain of about 40 cents.
5 Brazilian reals banknote (5 reais)
The five reais bill (five reais card) is purple and was launched on July 29, 2013. It measures 128 mm x 65 mm and on the obverse shows the Effigy of the Republic. On the reverse appears a great heron from Brazil.
The counter value of the 5 reais bill today in exchange houses in Spain is one euro.
10 Brazilian reals banknote (10 reais)
The ten reais bill (dez reais card) is reddish and was launched on July 23, 2012. It measures 135 mm × 65 mm and on the obverse shows the Effigy of the Republic. On the reverse appears a macaw or arara.
The counter value of the 10 reais bill today in exchange houses in Spain is two euros.
20 Brazilian reals banknote (20 reais)
The twenty-real bill (védule de vinte) is of yellow tones and was launched on July 23, 2012. It measures 142 mm × 65 mm and on the obverse shows the Effigy of the Republic. On the reverse appears a golden marmoset lion monkey (Leontopithecus rosalia).
The counter value of the 20 reais bill today in exchange houses in Spain is four euros.
50 Brazilian reals banknote (50 reais)
The fifty-royal banknote (cinquenta reais card) is brown and was launched on December 13, 2010. It measures 149 mm × 70 mm and on the obverse shows the Effigy of the Republic. On the reverse appears a jaguar.
The counter value of the 50 reais bill today in exchange houses in Spain is ten euros.
100 Brazilian reals banknote (100 reais)
The one hundred reais banknote (cédula de cem reais) is light blue and was launched on December 13, 2010. It measures 156 mm × 70 mm and on the obverse shows the Effigy of the Republic. On the reverse appears a mere (Epinephelus marginatus).
The counter value of the 100 reais bill today in exchange houses in Spain is twenty euros.
Brazilian reals coins
Currently there are coins in circulation of ¢ 5, 10, 25 and 50 (cents) and another 1 R $ coin that have been issued in two series (series 1 and series 2).
Here you have enlarged the currency of a real (1 R $) with the effigy of the Republic of Brazil on its obverse. The counter value of this currency of a Brazilian real is about 20 cents.
Euro to Brazilian real exchante rate
The euro to brazilian real exchange rate oscillates at all times. If you search Google for “euro to brazilian real rate” you will find dozens of websites (“currency converters”) that offer a “rate” of the day, even with the prices of Google Finance. Something like this (December 21st, 2022):
As you can see, the exchange rates last year have ranged between 5.4 and 5.6 reals per euro, but keep in mind that this graph represents the value of the real “currency” against the euro, and not that of the real paper currency, which is lower.
In fact, in the currency suppliers in Spain you can buy Brazilian reals at an exchange rate of between 3.97 and BRL 4.91 for each euro. Nothing to do with the real euro currency exchange.
So, when you see these values in Google and other currency converters with your mobile, keep this in mind:
-This is an unreliable price. That is, if you click on the “Disclaimer” link, you get this Google Finance warning:
“Google cannot guarantee the accuracy of the exchange rates shown. Confirm the current rates before making a transaction that may be affected by changes in exchange rates. ”
-These rates you see are usually wholesale prices of the real currency versus the euro currency and have nothing to do with the travel money rates;
-This rate can only be shared between banks. That is, it is impossible to get it as a private individual;
If you need real banknotes you will have to go through the retail travel money market (bank or currency supplier). This market means that the real banknotes have had to be “transported” by someone so that you can enjoy them (or bought from travelers from Brazil passing through Spain previously). In other words, moving banknotes from one place to another has logistic costs that will make their selling price more expensive (the exchange rate that will be applied to you by the seller).
-The real is a currency not very common or abundant in Spain, so it is not so easy to find it available for sale. Therefore it is good to anticipate the purchase and order it online to get a better price.
Where to exchange Brazilian reals in Spain
Of these, the least recommended place to buy are airports since the airport manager (AENA in Spain) charges very high rents to the currency supplier (Global Exchange) simply for being there. With which, the supplier, if it wants to earn money, has to exchange the reals at quite uninteresting exchange rates.
You are also not interested in changing euros to reais and vice versa in banks (Caixabank, BBVA and Santander change this currency in Spain) since they charge you a commission of between 2 and 3% in addition to an “exchange margin” (difference between the price for which they bought the coin and the price for which they sell it to you).
ING Direct has a distribution agreement with Global Exchange so that its clients can buy or sell real, and without commissions, but the exchange rates are not very interesting either.
Let’s see an example.
Change 1000 euros to reals today
Let us make a comparison of the euro to real exchange rates with a practical example. If you had 1,000 euros and wanted to exchange them for Brazilian reais, today (December 21, 2022), you would get these reais for your 1,000 euros in the different alternatives that we have seen in this post:
|Currency to buy (BRL)||Exchange rate (12 07 2022)||1000 EUR =|
|Barcelona airport (Global Exchange)*||3,788348||3.788 BRL|
|Madrid airport T4 (Global Exchange)*||4,297868||4.298 BRL|
|ING Direct (Global Exchange a domicilio)*||4,678121||4.678 BRL|
|Global Exchange (home delivery)*||4,71604||4.716 BRL|
|BBVA with commission 3% (970 € changed)*||4.9267||4.779 BRL|
|CaixaBank with commission of 30 € (970 € changed)*||4.795||4.651 BRL|
|Cambiator (supplier Ria)||4,978549||4.978 BRL|
*Rates extracted from the websites of CaixaBank, BBVA, ING, Global Exchange and Cambiator today 12 21 2022.
In short, making a simple price comparison, the difference between making an informed currency exchange with Cambiator (with Ria, the best option to buy reais) or at the Barcelona airport is today for 1,000 euros of 1,190 reais (about 188 euros approx.).
The number of things that can be done in Rio or Sao Paulo with an extra 1,190 reais!
Euro to real rate today in Spain
To know the Brazilian real euro exchange rate, in currency providers, high-street banks and the airport, in Spain please use our currency comparison engine which is free for users:
- Buy Brazilian reals with euros (EUR-BRL)
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