Proph3t to BRL Converter and calculator
Conversion rates
Convert Proph3t to BRL
Convert BRL to Proph3t
Proph3t to BRL chart
Proph3t to BRL conversion data: Volatility and price changes of Proph3t in BRL
| Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
|---|---|---|---|---|
High | 0.001742 BRL | -- BRL | -- BRL | -- BRL |
Low | 0.0002630 BRL | -- BRL | -- BRL | -- BRL |
Average | 0 BRL | 0 BRL | 0 BRL | 0 BRL |
Volatility | % | % | % | % |
Change | +0.87% | -- | -- | -- |
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Proph3t information
Proph3t to BRL market statistics
Current Proph3t to BRL exchange rate
Proph3t to Brazilian Real is falling this week.More info about Proph3t on Bitget
Brazilian Real information
About the Brazilian Real (BRL)
What Is the Brazilian Real (BRL)?
The Brazilian Real (BRL), symbolized as R$ and denoted by the ISO code BRL, is the official currency of Brazil. The term "real" in Portuguese means both "royal" and "real." The Brazilian Real is the sole legal tender in Brazil, used across this vast country, which is the largest in both South America and the Latin American region. It facilitates all forms of financial transactions within the nation, from everyday purchases to large-scale business dealings.
The Brazilian Real is issued and regulated by the Central Bank of Brazil (Banco Central do Brasil), which is the primary monetary authority in the country. Established on December 31, 1964, the Central Bank is responsible for ensuring the stability of the currency's purchasing power and the soundness of the national financial system.
What Is the History of BRL?
The modern Brazilian Real was introduced on July 1, 1994, during the presidency of Itamar Franco. This was part of the Plano Real, a substantial plan to stabilize the Brazilian economy. The currency replaced the cruzeiro real at a rate of 1 real = 2,750 cruzeiro real. Initially, the real was pegged to the U.S. dollar, which helped stabilize its value. However, in 1999, following the Russian debt default and ensuing global financial crisis, Brazil was forced to partially float the real against the U.S. dollar.
Notes and Coins of BRL
Brazilian coins are minted in denominations of 5, 10, 25, 50 centavos, and 1 Real. The banknotes, issued by the Central Bank of Brazil, come in denominations of 2, 5, 10, 20, 50, 100, and 200 Reals. These notes feature various security enhancements and are designed to aid the visually impaired.
Brazil has issued several commemorative coins and banknotes, including a 10 Real note for the 500th anniversary of Portuguese arrival and a 1 Real coin for the 2016 Summer Olympics.
What Is the Relationship Between BRL and USD?
The relationship between the Brazilian Real (BRL) and the United States Dollar (USD) is a significant aspect of international finance, particularly in the context of exchange rates and trade. Initially, upon its introduction in 1994, the Real was pegged to the U.S. dollar, establishing a fixed exchange rate to stabilize Brazil's then-volatile economy. This peg was part of Brazil's broader strategy to control hyperinflation and foster economic stability.
However, in 1999, Brazil shifted to a floating exchange rate system due to external economic pressures, notably the Russian debt crisis. Since then, the Real's value against the Dollar has been subject to market forces, including Brazil's economic performance, inflation rates, political stability, and global financial market trends. The USD/BRL exchange rate is a crucial indicator for both countries, influencing trade balances, investment flows, and economic policies.
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Proph3t to BRL Conversion tables
| Amount | 11:14 am today | 24 hours ago | 24h change |
|---|---|---|---|
0.5 Proph3t | R$0.0002277 | R$-- | +0.87% |
1 Proph3t | R$0.0004554 | R$-- | +0.87% |
5 Proph3t | R$0.002277 | R$-- | +0.87% |
10 Proph3t | R$0.004554 | R$-- | +0.87% |
50 Proph3t | R$0.02277 | R$-- | +0.87% |
100 Proph3t | R$0.04554 | R$-- | +0.87% |
500 Proph3t | R$0.2277 | R$-- | +0.87% |
1000 Proph3t | R$0.4554 | R$-- | +0.87% |
Proph3t to BRL FAQ
What factors influence the conversion rate of Proph3t to BRL?
Popular exchange rates — Crypto-to-Fiat converter
The price of Proph3t in the US is $0.C$0.00011248213 USD. Additionally, Proph3t’s price is €0.{4}6975 EUR in the eurozone, £0.{4}6076 GBP in the UK, {4} CAD in Canada, ₹0.007377 INR in India, ₨0.02301 PKR in Pakistan, R$0.0004554 BRL in Brazil, and more.
The most popular Proph3t currency pair is the Proph3t to Brazilian Real(BRL). The price of 1 Proph3t (Proph3t) in Brazilian Real (BRL) is R$0.0004554.
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